Of what use are gaming NFTs, aside from their uniqueness and effectiveness in the game? One answer to this question is that gaming NFTs are an excellent store of earned value on the blockchain. The next answer may be the multiple games in which you can use the same NFTs, given the compatibility of some blockchain standards. Or players can sell their NFTs, which absolves them of any right to such assets in the future.
In each case, the tradeoff for an asset that remains eternally valuable is not worth it. Keeping value on the blockchain is great, but as soon as holders have that NFT the next thing that comes to mind is what to do with it.
Games are a great place to work, have fun, earn more NFTs or perhaps lose some in the process, depending on the game mechanics. Yet not everyone can play a game for as long as they desire to earn from owning NFTs.
Trying more rewarding games is not an option. Players often get bored after a while, especially when the sole motivation is to make money. Sadly, most owners of gaming NFTs are neither gaming nerds nor highly talented gamers. They are, therefore, forced to quit after streaks of losses.
Again, selling an NFT leaves owners with the feeling of disappointment. The realization of something valuable is emotionally draining. Left with no NFT after luckily winning to get one or paying a sum to buy means there was no point in having NFTs in the first place.
Why is Rent-To-Earn A Relevant Solution?
Rent-To-Earn is to NFTs what division of labor is to ancient societies. Through Rent-To-Earn, all participants in the GameFi and NFT space can realize their full potential. It also increased the number of participants as everyone involved will know what they are looking for from the outset.
Owners who can’t play a game can buy NFTs and rent these NFTs out to players who are deftly skilled at conquering the in-game monsters. The simple adrenaline rush after defeating a beast or winning a conquest is enough satisfaction for many talented gamers. Still, Rent-To-Earn ads real financial rewards with double the excitement.
Also, players who would have barely dreamt of playing some AAA title blockchain games can quickly asses such games using NFTs provided by busy owners. They can spend their leisure building their skills and sharing newly learned tricks with others while learning from other players in the process.
Games can also develop better ideas and experiences since they have a ready market. They will also generate enough revenue and resources to study players' behaviour and build more engaging and realistic gaming experiences.
Rent-To-Earn is the ultimate recipe for success. Through elaborate Rent-To-Earn systems, Guilds will perform more effectively in GameFi. Such systems will help guilds track player performance easily while sourcing and optimally allocating available NFTs to highly talented players.
What Problems in the GameFi Sector Does it Solve?
Rent-To-Earn resolves many problems in the GameFi sector, but we can narrow our focus on participants in the GameFi space to be more specific about the pain points.
Guilds
Guilds need a better way to find, manage, and optimally allocate NFTs to players. Without Rent-To-Earn, guilds' role as GameFi space drivers will be greatly undermined. An efficient Rent-To-Earn system that offers unlimited access to games, NFTs, and performance insights will help guilds become more profitable since they will work more efficiently. Guilds will no longer leave money on the table due to managerial drawbacks or lack of access to the right talent.
Scholars/Players
One of the biggest problems highly gifted gaming talents face is a lack of access due to NFT requirements. Rent-To-Earn puts an end to this barrier. With instant and unlimited access to all blockchain games of their choice, players can focus on getting better at winning. They can also be sure of a consistent playing opportunity since they remain committed to excelling at their art. An organized Rent-To-Earn system will also help players play confidently since a consistent source of income is guaranteed. Players will also be exposed to sponsorship and training deals where they train and showcase their talents to promote established and upcoming brands.
Games
Through Rent-To-Earn, blockchain games will experience an unprecedented inflow of users. From players competing for laurels in the game to owners buying valuable NFTs, the growth in games stirred by a structured and fair Rent-To-Earn protocol will be unparalleled. An adequately organized Rent-To-Earn system will also eliminate the risk of double spending, which can result in substantial losses. Using a Rent-To-Earn protocol that supports integration, games can focus on building the best in-game experience and cutting the cost of multiple repetitive processes.
Owners
Owners can become investors by buying and renting out the NFTs needed in blockchain games. Given that most owners are less skilled, mainly because their day jobs and other commitments make it hard to focus on activities like gaming, they can find the best hands and win in the game through Rent-To-Earn. The unlimited passive income tool offered by a well-planned Rent-To-Earn protocol puts players' heads and shoulders above most passive income seekers in DeFi and crypto. The risks are minimal since owners can call back their NFTs anytime, but the profit opportunities are endless.
Conclusion
UNITBOX Protocol is building a new paradigm for the GameFi revolution. Providing convenient and sustainable Rent-To-Earn mechanics brings guilds, players, owners, and games limitless possibilities. Powered by an efficient multi-chain and multi-standard wNFT technology, the original decentralized ideal of relying on math and code is sustained. Nevertheless, there is less room for failure and unlimited possibilities for success. By doubling down on the upsides of each unique participant in the GameFi space, a new Rent-To-Earn ecosystem will be forged for posterity. An equitable allocation of gaming rewards guarantees continuity while the outcome of each activity is straightforward and predictable to a large extent.