![]() ![]() Game developers can now attract more investors by offering to rent land as a new way to profit from land NFTs. These smart contracts ensure correct, timely and absolutely transparent rent management so you can focus on the fun aspects of the game. For example, owners can set custom logic, rent terms, and rent expiry on it so that everything will settle automatically, and there is no need for any manual process or human intermediary. At the same time, owners can set predetermined conditions, depending on what has been agreed with the renter, and the smart contract will execute it automatically, depending on that agreement. Landowners will earn yield and rent fees via smart contracts, allowing them to have peace of mind that their investment is secure. No risk of renters defaulting or having to chase down payment. IQ Protocol’s sophisticated smart contracts ensure that your rent terms are trustlessly executed. Choose daily, monthly or whatever renting model you’d like, just like in real life. Instead of simply owning land and holding the NFT, owners can rent it out to other gamers and allow them to use the land for a rent fee. With IQ Protocol, game developers can create a renting pool allowing players to put their lands up for rent and earn passive income risk-free. Here’s how IQ Protocol innovates the land NFT ecosystem: In addition, it will enable game developers to open a renting protocol, where NFT owners can rent their virtual land and enjoy passive income without needing to sell the land itself. Introducing PARSIQ’s IQ Protocol, a DeFi protocol that allows game developers to offer more monetization options to NFT land owners. Land owners hence look for new ways to earn profit without having to sell their NFT land. While this typically means profit for land NFT owners, most still don’t want to sell their assets. Blockchain-based real estate in virtual worlds is now surging in price as the NFT craze increases. Several companies, such as Decentraland, Wanakafarm, and Sandbox, have now opened up the possibilities of owning real estate virtually, allowing gamers and even investors to own land in a game.Ī patch of virtual land in the Decentraland was sold for over US$900,000. Simply put, NFTs are digital assets that come in many forms, including memes, GIFs, artwork, in-game purchases, and even virtual land. This allows players to freely exchange their hard-earned NFTs with other players or with crypto, and ultimately to cash in the real world. NFT gaming is flipping that completely - players can now play to earn NFTs and in-game items that have transferable value outside of the game. Oftentimes, these items and points are worthless outside the game’s ecosystem. However, players don’t truly own these items as they are just virtual representations controlled by the game developer. ![]() In many conventional games, players earn points and items by achieving various milestones. ![]() NFT games are taking the Play2Earn concept towards a whole new level. ![]()
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