The Play-to-Earn industry has gathered the attention of traditional development companies, including Electronic Arts, Epic Games, Activision-Blizzard, and Ubisoft. At the centerpiece of the GameFi industry lie non-fungible tokens (NFT), which allow investors to monetize exclusive in-game digital content through asset management models with the help of professional players (scholars).
The problem is that the ecosystem is short on revenue-sharing opportunities, and the entry barrier for new participants is high. On the other hand, scholars, their guilds, and investors rely on trust-based mechanisms.
That’s precisely the issue the UNITBOX protocol solves by offering a new web3 investment instrument: the first collateral-free tool for NFT asset management. The novel revenue-sharing model introduced by the project allows gamers to profit from what used to be purely entertainment. With the help of a unique wrapped NFTs technology, the solution brings increased profits and convenience to the whole DeFi market and GameFi players and investors.
Rent-to-earn: a solution for DeFi and GameFi
UNITBOX is a Dubai-based venture launched in Q3 2021 by Anton Link, allowing renting and leasing of non-fungible tokens. The Rent-to-earn model created by the project aggregates NFT owners (investors) and scholars, where the latter can rent the assets for free and then split the earnings profits with the former.
Through the non-custodial native marketplace, gamers and investors can rent NFTs for free and share the profit with the NFT owner. On top of that, the rental solution can be integrated into other projects, including games, guilds, and NFT marketplaces.
Blockchain technology ensures that payouts are processed automatically, allowing NFT owners to rent their assets transparently and securely. Moreover, UNITBOX DAO participants can call back their non-fungible tokens at any time with no penalties.
Unique wrapped NFT (wNFT) technology, the heart of the UNITBOX rental system has led its creators to get a top-3 position at a Binance hackathon. Furthermore, the entrepreneurship received grants from Rarible — a community-centric NFT marketplace. Lastly, the initiative has been backed by Polygon — Ethereum’s scaling platform — and NEAR Protocol.
Whenever the user asks for the NFT redemption, the UNITBOX protocol automatically unwraps the wNFT, returning the original asset to its depositor using smart contracts. Consequently, it eliminates the need to trust third parties in NFT lending, ensuring reliability for both parties involved in the deal.
A transparent, secure, and decentralized NFT management solution
UNITBOX is governed by its DAO using smart contracts, offering transparency with the wNFT technology and decentralized payment. This solution solves the trust issue and provides an entirely new investment product, the Rent-to-earn model, where gamers and GameFi investors can enjoy a comprehensive and secure business model.
The unique Rent-to-earn model offers new investment possibilities for the whole GameFi. The solution benefits the entire gaming and NFT marketplace industry, bringing value to gamers, investors, scholars, and guilds.
Unitbox empowers the play-to-earn model by providing NFT renting and staking capabilities and lowering the entry barrier for new gamers and investors. Its unique DAO model allows any participant to securely rent and delegate their assets using advanced management tools provided by the smart contracts functionalities, access jobs and instruments to raise liquidity and boost revenues, and enjoy intuitive profit-tracking through airdrop and ambassador programs.
Play-to-earn users can bypass the need to purchase expensive NFTs to enjoy profits by renting out the necessary items. This solution creates additional opportunities for users to become scholars and share profit with NFT-owners (investors). In short, the platform offers multiple features and dashboards for its users to participate in the governance model and facilitate the path for players’ profitability.
Tokenomics and staking model: sharing profits with participants
The platform utility token $UNIT primary function, besides governance, is staking. A 7.5% fee from investors and tenants’ profit goes to the project’s treasury and is distributed among the token stakers in proportion to their input to the pool.
Such a model organically incentivizes token usage and stimulates the token rate growth as the number of protocol users increases. In turn, the token price gets a built-in mechanism to support the price, reducing the selling pressure. As the number of UNITBOX users increases following the broader GameFi growth, so does the demand for the $UNIT token.
UNITBOX CEO and founder Anton Link brought experienced professionals from technology and investment banking with in-depth DeFi knowledge. So far, the ecosystem has gathered partnerships from over 50k investors, 300k scholars, and ten guilds.
There’s strong demand to reach over 300 guilds and half a million traders by the end of 2022. The project track record of deliveries includes the protocol prototype, key hires, a tested and developed economic model, and the first steps for a strategic financing round.
$UNIT token sale and detailed roadmap for 2022
UNITBOX team plans to complete the UI/UX front-end development by July and launch an alpha version of its native NFT rental marketplace for $UNIT token holders, offering private and public sales rounds.
The roadmap towards 3Q 2022 includes security audits, integrations, and the $UNIT token listing on tier-1 exchanges. More importantly, the team will launch the Unitbox DAO protocol with wNFT rentals, staking vaults, and governance mechanisms by the end of the year.