On The Hunt For Rental NFT Market Place: Fabwelt Partners With IQ Protocol

Fabwelt is delighted to announce our partnership with IQ Protocol, a decentralized money market for digital asset renting and on-chain subscriptions.

IQ Protocol & It’s Exceptional Features

1. NFT Renting

Non-fungible tokens like as in-game assets, collectibles, art, financial NFTs, and more can be rented for a defined period of time for usage in gaming, social networking, and other applications.

2. Fungible Token Renting

Rent fungible tokens for their usefulness, which may include access to products, services, content, membership discounts, voting power, or any other rights provided by the tokens.

3. Blockchain Subscriptions

Renting tokens to subscribe to software, media, entertainment, or other services is as simple as buying a token from a contract in a trustless decentralized manner.

Why IQ Protocol?

Fabwelt trusts that future blockchain games and game ecosystems will be built at the intersection of the finest game technologies, breakthrough investment vehicles, and viewer art. Fabwelt will continuously inherit the best-proven methods from the Defi and NFT worlds in order to give game developers, players, and creators previously unavailable options in the frameworks of content commercialization, user engagement, and community-driven innovation. And that’s where IQ Protocol fits rights in. The partnership with IQ protocol will allow us to offer individuals a customizable subscription plan as well as borrowing and lending capability for NFTs.

What’s Does It Mean For Fabwelt?

NFT lending and borrowing

1. Greater adaptability and accessibility.

The players’ hands are freed since they do not have to pay for all of the NFTs they wish to play with. You can borrow an NFT for as little as a few days of rent, have access to all of its unique features, advantages, then return it while keeping everything you’ve managed to achieve while using the NFT.

2. Risk-Free

The original NFT is locked in the protocol for the duration of the rental time when lending. The renter receives a wrapped expirable replica of the original, which Fabwelt accepts, providing it all of the original NFT’s special powers and perks. The leased version expires at the end of the rental time, and the NFT owner can withdraw it from the protocol and re-rent it.

3. Renting Out To Other Players

The IQ Protocol infrastructure allows Fabwelt players to rent out their NFTs to other players for a certain length of time and at an agreed-upon fee, benefiting both parties involved.

About IQ Protocol

The IQ Protocol is a decentralized money market for renting digital assets and subscribing to on-chain services. The next money lego that allows users to rent wrapped expirable copies of digital assets without collateral for their usefulness while holders gain by offering liquidity without risk.

The IQ Protocol NFT lending and borrowing methodology are designed to be risk-free. Typical methods of lending an asset put the lender at risk, for example, if the borrower loses possession of the object (for whatever reason). Such dangers are not a worry with the IQ Protocol. Rather than providing the borrower with the original asset, IQ Protocol issues an expirable version of the NFT (which contains all of the unique features of the original). The borrower is subsequently handed the NFT. The IQ Protocol platform ensures that the original NFT is always safe and that it may be returned to the owner after the rental contract has expired. Players may now relax by renting out stuff they aren’t actively using, generating passive money without having to sell their favorite possessions.

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About Fabwelt

Fabwelt is a ground-breaking concept that integrates blockchain technology into the heart of high-quality games of all types and genres. With in-game NFTs, Play to Earn, and DEFI, we create a high-end gaming ecosystem and enhance the fun. A multi-genre gaming ecosystem that includes genres such as 3D First Person Shooter, Action-Adventure, Simulation, Strategy, Fantasy, and many others. In-game NFTs as assets, collectibles, and strategic utilities resurrect the fun of Blockchain gaming.

We incorporate all of our games into a never-before-seen digital reality. This is referred to as the Gamingverse. We provide the technology to have never-ending fun with features like Universal NFTs, digital cross-game identification, and multi-tiered tournaments, which are powered by gamers.

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Fabwelt is a a revolutionary concept that brings blockchain technology into the core of high-quality games of all types or genres. https://www.fabwelt.com/