EX SPORTS Announces Collaboration with IQ Protocol to Introduce Innovative NFT Lending Mechanism
EX SPORTS, a web3 sports activities engagement platform, is thrilled to announce its strategic partnership with IQ Protocol, a pioneer in decentralized lending options. This collaboration goals to revolutionize the NFT area by introducing a groundbreaking lending mechanism that may empower customers to borrow NFTs for a specified time frame.
The first focus of this partnership is to implement IQ Protocol’s lending expertise into numerous video games provided by EX SPORTS. This groundbreaking function will allow customers who might not have the means to afford NFTs to expertise the joys of proudly owning and using these distinctive digital belongings. Traders and fans who don’t have the time to actively interact in gameplay can lend their NFTs, permitting their belongings to generate income whereas making a constructive contribution to the group.
One of many key areas the place this lending mechanism will likely be utilized is in EX SPORTS’ flagship recreation, UrbanBall. This immersive recreation facilities round avenue soccer and boasts a singular choice course of the place characters are chosen by way of bodily tournaments. The chosen gamers are rewarded with excessive royalty charges from the gross sales of their NFTs. Because of the collaboration with IQ Protocol, people inside the group can now assist these gamers by lending NFTs and actively taking part in these thrilling tournaments.
The collaboration between EX SPORTS and IQ Protocol opens up a world of prospects for the lending of NFTs in numerous different use circumstances as effectively. EX SPORTS plans to supply NFT lending for streaming functions, granting customers entry to unique content material on the EX SPORTS TV platform. NFT holders of famend athletes will take pleasure in the additional advantage of accessing free pay-per-view occasions, a function that can be seamlessly transferred to different people, fostering an inclusive and interesting sports activities group.
Moreover, EX SPORTS envisions implementing NFT lending for ticketed occasions and memberships, equivalent to health club subscriptions. This novel strategy will improve the general person expertise by offering versatile possession choices, enabling people to unlock the complete potential of their NFT belongings.
“EX SPORTS is thrilled to collaborate with IQ Protocol to carry NFT lending to the forefront of our platform,” stated Toli Makris, CEO at EX SPORTS. “We consider this revolutionary lending mechanism is not going to solely democratize entry to NFTs for our customers but additionally create alternatives for athletes and gamers to thrive. By this partnership, we purpose to construct robust scholarship applications and nurture expertise inside the UrbanBall recreation, additional enriching the experiences of our group.”
The partnership between EX SPORTS and IQ Protocol is ready to redefine the NFT panorama and improve the general gaming and sports activities leisure business. By leveraging the facility of decentralized lending, EX SPORTS is dedicated to empowering customers and enabling widespread participation within the thrilling world of NFTs.
