Introducing Guarantee-Free NFT Rental and the First Rental-to-Earn Tool

With total value locked in GameFi crossing $28 billion, game development giants like Electronic Arts and Ubisoft are exploring the Play-To-Earn (P2E) space. Originally perceived only as entertainment, gambling has now evolved into a way to make a substantial profit.

It is now evident that NFT rental systems will become one of the main instruments of the GameFi and DeFi industry. Yet the fledgling industry still lacks an aggregator that would connect members of the GameFi ecosystem, give brands a better sense of consumer intent, lower barriers to entry, and create more trust in the game. space, or tools that would monetize NFTs to make a profit.

UNITBOX DAO is the first custodial NFT rental and leasing protocol, and the first use case for wrapped NFT (wNFT) technology. It leverages DeFi mechanics to bring together millions of investors, tenants (Guilds, Scholars), and crypto players to give them access to its unique rent-to-earn model.

Features and Products

Launched in Q3 2021 in Dubai by Anton Link, UNITBOX offers warranty-free rental and leasing for NFTs. Through the protocol, users can buy, sell, rent, and rent non-fungible tokens on the native marketplace, while games and other projects (e.g. marketplaces) can use it to integrate the rental service into their systems. .

The platform allows NFT owners to lease their non-fungible assets, while payments are distributed automatically daily through blockchain mechanics. The investor can recall his non-fungible assets at any time and recover his investment.

The rental system is powered by wNFT technology know-how created by the co-founders of UNIBOX, which won top 3 in a Binance hackathon and received grants from Rarible, Polygon and NEAR Protocol. The non-fungible is wrapped in wNFT for the duration of the rent and is unwrapped in the original NFT when one of the participants recalls the agreement. All actions are performed through a smart contract.

UNITBOX brings confidence by guaranteeing the reliability of any transaction. All transactions within the system are fully transparent, while investments and payments are also distributed through DAO-governed mechanisms. This approach effectively solves the problem of trust and offers a new investment product with an understandable and transparent business model from which the entire industry can benefit.

Who can benefit from using UNIBOX

UNITBOX aims to bring value to four groups of people: guilds, scholars, gamers and investors, by providing new investment opportunities in the GameFi and Defi marketplaces.

UNITBOX enables seamless investing in P2E while lowering the barrier to entry, so crypto investors can start earning on rent and staking instantly. For guilds, the platform offers rental and delegation of NFT assets in its DAO ecosystem, as well as advanced guild management tools and infrastructure.

Academics on UNITBOX can enjoy jobs and intuitive earnings tracking through various earning, ambassador and airdrop programs and other tools. On top of that, guilds and scholars have access to an extensive player database, as well as cash-raising instruments to boost their income.

GameFi players, in turn, no longer need to buy expensive NFT items to earn money in games: they can start earning by renting the non-fungible goods they need, sharing the profits and have a chance to become academics. The platform offers a plethora of convenient features and dashboards for all users to facilitate decision-making and governance processes.

Economy

Staking is the primary utility function of the native $UNIT token. A percentage of the investors’ and tenants’ profits – 7.5% of the success fee – will go to the project’s treasury, to be divided proportionally among the punters.

This model creates an incentive for organic token rate growth, as well as a cycle of dependency on market customers. Market mechanisms will support the price of the token and set a floor price for $UNIT. Therefore, with the growth of the GameFi industry, the number of UNITBOX users will increase, as will the rate of the native token.

Team, expertise and partners

The project team, led by CEO and Founder Anton Link, includes Tier 1 professionals with top-notch backgrounds in crypto, investment banking, and technology. All of them have extensive experience working on DeFi projects.

To date, the ecosystem has partnered with over 10 guilds, 50,000 investors, and 300,000 scholars and researchers. Eventually, by the end of 2022, UNITBOX aims to connect over 300 guilds, over 100,000 investors and half a million traders.

Future steps

UNITBOX started 2022 by deploying the protocol prototype, developing and testing the economic logic, making key hires and opening a strategic funding round.

In Q2, the team plans to complete UI/UX development, launch the native rental market, open early access to alpha building for $UNIT holders, and hold rounds private and public sales for the token.

Q3 will see oracle NFT integrations, code freezes and security audits, as well as listing $UNIT on Tier 1 exchanges. And finally, the launch of the UNITBOX DAO protocol, completion of staking vaults , wNFT rentals for B2B and the launch of governance mechanisms are planned for the fourth quarter.