blockchainreporter.net
EX SPORTS, a web3 sports engagement platform, is thrilled to announce its strategic partnership with IQ Protocol, a pioneer in decentralized lending solutions. This collaboration aims to revolutionize the NFT space by introducing a groundbreaking lending mechanism that will empower users to borrow NFTs for a specified period of time.
The primary focus of this partnership is to implement IQ Protocol’s lending technology into various games offered by EX SPORTS. This groundbreaking feature will enable users who may not have the means to afford NFTs to experience the thrill of owning and utilizing these unique digital assets. Investors and enthusiasts who do not have the time to actively engage in gameplay can lend their NFTs, allowing their assets to generate revenue while making a positive contribution to the community.
One of the key areas where this lending mechanism will be utilized is in EX SPORTS’ flagship game, UrbanBall. This immersive game centers around street football and boasts a unique selection process where characters are chosen through physical tournaments. The selected players are rewarded with high royalty fees from the sales of their NFTs. Thanks to the collaboration with IQ Protocol, individuals within the community can now support these players by lending NFTs and actively participating in these thrilling tournaments.
The collaboration between EX SPORTS and IQ Protocol opens up a world of possibilities for the lending of NFTs in various other use cases as well. EX SPORTS plans to offer NFT lending for streaming purposes, granting users access to exclusive content on the EX SPORTS TV platform. NFT holders of renowned athletes will enjoy the added benefit of accessing free pay-per-view events, a feature that can also be seamlessly transferred to other individuals, fostering an inclusive and engaging sports community.
Furthermore, EX SPORTS envisions implementing NFT lending for ticketed events and memberships, such as gym subscriptions. This novel approach will enhance the overall user experience by providing flexible ownership options, enabling individuals to unlock the full potential of their NFT assets.
“EX SPORTS is thrilled to collaborate with IQ Protocol to bring NFT lending to the forefront of our platform,” said Toli Makris, CEO at EX SPORTS. “We believe this innovative lending mechanism will not only democratize access to NFTs for our users but also create opportunities for athletes and players to thrive. Through this partnership, we aim to build strong scholarship programs and nurture talent within the UrbanBall game, further enriching the experiences of our community.”
The partnership between EX SPORTS and IQ Protocol is set to redefine the NFT landscape and enhance the overall gaming and sports entertainment industry. By leveraging the power of decentralized lending, EX SPORTS is committed to empowering users and enabling widespread participation in the exciting world of NFTs.