Polemos launches platform for collateral-free digital asset rental
GameFi
Blockchain gaming supplier Polemos has introduced a brand new chain-agnostic blockchain sport platform it calls “The Armory.” This platform intends to supply players the flexibility to lease digital belongings with out collateral or deposit necessities.
Historically in gaming, digital asset leases require a deposit, or the debtors are solely given copies of the unique merchandise. The Armory, alternatively, is not going to ask for any collateral or deposits past a borrowing price and provides customers the possibility to make use of the digital belongings as they like.
Gamers retain any rewards earned via their borrowed objects, giving them a possibility to experiment with totally different digital belongings with out the necessity to make investments a considerable amount of money and time.
Lenders will be capable to earn cash from digital belongings sitting idly of their wallets, although there’s a small payment required to record every digital asset.
Halborn, a blockchain safety agency, has audited the platform’s sensible contract, probably offering lenders with enhanced safety. Good contract audits are essential for blockchain safety, and a number of audit corporations could evaluate the code for some firms. This helps to make sure untampered merchandise returns and reinforces total platform safety.
The Armory can be chain agnostic and built-in into Polemos’ Forge, which means it is going to be in a position to function on a wide range of totally different blockchains.
Initially, The Armory will assist all Polygon proof-of-stake video games, together with Galaxy Combat Membership, and in improvement video games corresponding to Apeiron, Deadrop and others. It plans to later combine with different blockchains together with Immutable, Solana, Avalanche and Ton.
“By offering a handy resolution for debtors and lenders alike, we’ve opened up lending of sport belongings to the entire business – with no work required by video games to allow these nice advantages,” Sascha Zehe, cofounder and co-CEO of Polemos, stated in an announcement.
