UNITBOX: Introducing Collateral-free NFT Renting and First Rent-to-Earn Tool

With the full worth locked successful GameFi crossing $28 billion, crippled improvement giants the likes of Electronic Arts and Ubisoft are exploring the Play-To-Earn (P2E) space. Originally perceived solely arsenic entertainment, contiguous gaming has transformed into a means of making a important profit.

It’s present evident that the NFT rental systems volition go 1 of the halfway instruments of the GameFi and DeFi industry. Yet, the nascent manufacture inactive lacks an aggregator that would link members of the GameFi ecosystem, springiness brands a amended thought of consumers’ intent, little introduction barriers, and make much spot successful the space, nor tools that would let monetizing NFTs to marque a profit.

UNITBOX DAO is the archetypal custody-free NFT renting and leasing protocol, arsenic good arsenic the archetypal usage lawsuit of the wrapped NFT (wNFT) technology. It leverages DeFi mechanics to aggregate millions of crypto investors, renters (guilds, scholars), and players to supply them with entree to its one-of-a-kind Rent-to-Earn model.

Features and products

Launched successful Q3 2021 successful Dubai by Anton Link, UNITBOX offers collateral-free renting and leasing for NFTs. Through the protocol, users tin buy, sell, rent, and lease non-fungible tokens connected the autochthonal marketplace, portion games and different projects (e.g. marketplaces), tin usage it to integrate the rental work into their systems.

The level allows NFT owners to lease their non-fungible assets, portion the payouts are distributed automatically connected the regular ground via blockchain mechanics. The capitalist tin telephone backmost their non-fungibles astatine immoderate clip and get his concern returned.

The rental strategy is powered by the know-how wNFT exertion created by UNITBOX Co-founders, which won top-3 astatine a Binance hackathon and received grants from Rarible, Polygon, and NEAR Protocol. The non-fungible gets wrapped successful wNFT for the duration of the rent and is unwrapped backmost into the archetypal NFT arsenic 1 of the participants calls the woody back. All actions are carried retired done a astute contract.

UNITBOX brings successful spot by guaranteeing the reliability of immoderate deal. All transactions wrong the strategy are afloat transparent, portion the investments and payouts are besides distributed via DAO-governed mechanics. This attack helps efficaciously lick the spot contented and connection a caller concern merchandise with an understandable and transparent concern exemplary for the full manufacture to payment from.

Who tin payment from utilizing UNITBOX

UNITBOX aims to bring worth to 4 groups of people: guilds, scholars, gamers, and investors, offering caller concern possibilities successful the GameFi and Defi markets.

UNITBOX empowers transparent investing into P2E portion lowering the introduction barrier, truthful crypto investors tin commencement earning instantly connected rent and staking. For guilds, the level offers NFT assets rentals & delegation successful its DAO ecosystem, good arsenic precocious guild absorption tools and infrastructure.

Scholars connected UNITBOX tin bask jobs and intuitive profit-tracking done assorted earning, ambassador, and airdrop programs & different tools. On apical of that, some guilds and scholars get entree to an extended gamer database, arsenic good arsenic liquidity-raising instruments to summation revenues.

GameFi players, successful their turn, nary longer request to acquisition costly NFT objects to gain wealth successful games: they tin commencement earning by renting retired non-fungibles they need, stock nett and get a accidental to go scholars. The level enables a plethora of useful features and dashboards for each users to easiness decision-making and governance processes.

Economy

Staking is the main inferior relation of the autochthonal $UNIT token. A percent of the profits of investors and tenants – 7,5% of the occurrence interest – volition spell to the task treasury, to beryllium distributed proportionally among the stakers.

This exemplary creates an inducement for the integrated maturation of the token rate, arsenic good arsenic a rhythm of dependency connected the marketplace customers. Market mechanisms volition enactment the terms of the token and acceptable a terms level for $UNIT. Therefore, with the maturation of the GameFi industry, the fig of UNITBOX users volition summation – and truthful volition the complaint of the autochthonal token.

Team, expertise, and partners

The project’s team, led by CEO and Founder Anton Link, includes tier-1 professionals with starring crypto, concern banking, and tech backgrounds. All of them person in-depth acquisition moving connected DeFi projects.

To date, the ecosystem has partnered with implicit 10 Guilds, 50,000 investors, and 300,000 scholars and researchers. Eventually, by the extremity of 2022, UNITBOX aims to link much than 300 guilds, 100,000+ investors, and fractional of a cardinal traders.

Future milestones

UNITBOX started 2022 by rolling retired the protocol prototype, processing and investigating system logic, performing cardinal hires, and opening a strategical financing round.

In Q2, the squad plans to decorativeness the improvement of the UI/UX frontend, motorboat the autochthonal rental marketplace, unfastened alpha-build aboriginal entree for $UNIT holders, and clasp backstage and nationalist income rounds for the token.

Q3 volition spot NFT oracle integrations, codification freeze, and information audits, arsenic good arsenic the listing of $UNIT connected tier-1 exchanges. And lastly, the motorboat of UNITBOX DAO protocol, completion of staking vaults, wNFT rentals for B2B, and the motorboat of governance mechanisms are planned for Q4.