Contents
- New Rent-to-Earn instruments allow crypto holders to take advantage of renting their assets: What is UNITBOX?
- UNIT investment goes live ahead of protocol launch and native NFT rental marketplace
UNITBOX introduces Rent-to-Earn platform for NFT holders
Vladislav Sopov
UNITBOX, a new financial Web3 platform, allows NFT holders to take advantage of their available holdings
Although the NFT euphoria has gained traction again, non-fungible objects in the game remain illiquid assets. UNITBOX, a complex ecosystem of solutions for different uses, is focused on changing the narrative in this sphere.
New Rent-to-Earn instruments allow crypto holders to take advantage of renting their assets: What is UNITBOX?
According to the announcement divided by UNITBOX team, the platform is a pioneer in the “Rent-to-Earn” concept for all holders of non-fungible tokens.
We have worked long and hard with our main product – the first Rent2Earn security-free leasing protocol. Most of the technical implementation is ready and soon we will start the marketing campaign. ⬇️Continuation in the thread⬇️ pic.twitter.com/haEGKLvtbS
– UNITBOX HUB (@unitbox_io) June 7, 2022
Since mid-2021, it has allowed NFT holders to rent out their digital collectibles to high-profile e-athletes or gaming guilds around the world. To do so, NFT owners can receive daily payments. As such, UNITBOX is one of the first protocols to introduce passive income to the NFT community.
This option is possible thanks to “Wrapped NFT” or wNFT, a technical instrument that allows the transfer and rental of assets between users at any time with negligible fees.
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With “Wrapped NFTs”, owners can recall their assets at any time; so all loan options are flexible and effortless like never before.
This technology is recognized by a number of blockchain teams, including the heavyweights Polygon (MATIC), Rarible (RARI) and NEAR Protocol (NEAR). It was also ranked in the Top3 at the Binance Hackathon.
UNIT investment goes live ahead of protocol launch and native NFT rental marketplace
UNITBOX’s tokenomic design is underpinned by the core cryptocurrency, UNIT. UNIT is a playable token: holders can lock it to share 15% of the platform’s payment volume.
From the time of the press, the project has entered into cooperation with more than 50,000 NFT investors, 10 gaming guilds and 300,000 players. The protocol considers migration to the DAO model for management.
By the end of Q2, 2022, the platform will polish UX / UI on the main website, release the lease protocol and organize a two-phase token sale of UNIT.
At the end of this year, the platform is set to go live, while the UNIT token is about to be listed by top-level CEXs and DEXs on various blockchains.
