Blockchain-based projects have continued to grow and propagate in the crypto space. Project incubation platforms play a role in the development and growth of blockchain platforms. This article will look at YARD Hub and how it works.
What is Yard Hub?
YARD Hub is a Web3, NFT, and Play-to-Earn (P2E) venture studio that operates out of Dubai and is a resident of the DIFC Innovation Hub. YARD Hub incubates ideas from the time an idea is conceived through the earliest stages of company formation and finance.
During this time, businesses can get help with managing projects, marketing, and growing their business. In addition, the primary members of the YARD Hub team are active participants and presenters at various events centered on blockchain technology, gaming, and startups.
How does it work?
The platform's primary goals are the development of high-quality projects, the examination of hypotheses, and the verification of concepts. In addition to this, they are fostering relationships with their customers and building connections. Finally, they are preparing the firms in their portfolio to capitalize on the new cryptocurrency spring whenever it may arrive.
It does not imply that they are anticipating a bull run in the near future; rather, their primary emphasis at the moment is on constructing and investigating the chances that may be available. The platform believes that the present moment is not the appropriate time to over-invest in growth, particularly in developing technologies like Web3.
Instead of concentrating on a single project or sector, the platform operates according to the venture studio model in order to produce and manage a variety of projects in several different fields. In addition, their line of work requires them to devise a structure for the iterative development of firms and provide startup companies' founders with the appropriate resources, financing, and contacts.
Many traditional venture studios are domain-agnostic because they work on projects from a wide variety of sectors and preach the same methodology. However, their primary concentration is on Web3. As they add new projects to their portfolio, they examine each one to ensure that it complements the others in a way that results in a win-win situation for everyone involved.
This is the method by which they contribute to the ecology of the YARD Hub. In addition, the several projects that make up a Hub can act as clients for one another. For instance, when they release a new game, they may test it by having one of their other projects provide input from users.
Projects
Yard Hub is currently working with projects in the Web3, NFT, P2E, and Metaverse sectors, including:
Petobots is an NFT collectible multichain GameFi project with social elements that allow users to both collaborate and compete with one another. Petobots is a growing component of the science fiction metaverse based on the game DeepMine. The in-game activities are fueled by the game's native PBOT token, which can be obtained by either staking or playing minigames.
The gameplay focuses on social interactions with other players and features player-versus-player (PVP) minigames. Additionally, NFT assets earned in the game may be used to earn bonuses in other DeepMine metaverse projects.
CryptoAlma is a mechanism for web3 firms to onboard new verified users and gets them comfortable with their product via an exciting learn-and-earn strategy.
Because the platform employs a gamified method, learning important Web3 skills can now be approached in an enjoyable and engaging way. As a consequence, businesses gain new customers who can now make innovative use of their products, which boosts their overall image and strengthens customer loyalty.
BeNFT is a business solution builder built on the NFT protocol that caters to entrepreneurs searching for new chances to develop creative technological solutions.
The platform provides ready-made turnkey business scenarios that do not need users to have any prior technical expertise or to make any process-related adjustments on their own.
Based on the WAX blockchain and with multichain compatibility now in the works, DeepMine is a Play-and-Earn social economy model that operates in the developing Sci-Fi metaverse. Its complex and well-balanced economic structure produce an immersive experience and a sustainable return on investment over the long run.
DeepMine's economy is very complex and advanced, including hundreds of different variables and approximating a self-sufficient free market economy that can automatically absorb new inputs without the need to completely rework the system.
This enables it to significantly incorporate other projects from many blockchains into DeepMine, establishing a real metaverse economy in which different projects operate independently but are simultaneously intimately integrated, thereby improving the experience for each of them. In this instance, "the whole is larger than the sum of its parts," as the saying goes.
CarBar is a platform that provides rights to rent luxury cars in Dubai as NFTs (built on BeNFT platform).
Conclusion
YARD Hub is a Dubai-based Web3, NFT, and Play-to-Earn (P2E) startup studio. YARD Hub incubates ideas from conception through business development and financing.