EX SPORTS, a web3 sports engagement platform, is pleased to announce its strategic partnership with IQ Protocol, a pioneer in decentralized credit solutions. This partnership aims to revolutionize the NFT space by introducing a groundbreaking lending mechanism that allows users to borrow NFTs for a specified period of time.
The primary focus of this partnership is to implement IQ Protocol’s lending technology into several games offered by EX SPORTS. This groundbreaking feature allows users who may not have the means to afford NFTs to experience the thrill of owning and using these unique digital assets. Investors and enthusiasts who don’t have time to actively participate in gameplay can borrow their NFTs, allowing their assets to generate income while making a positive contribution to the community.
One of the main areas where this lending mechanism will be used is in EX SPORTS’ flagship UrbanBall. This immersive game revolves around street football and has a unique selection process where characters are chosen through physical tournaments. The selected players are rewarded with high royalties from the sale of their NFTs. Thanks to the partnership with IQ Protocol, individuals within the community can now support these players by lending NFTs and actively participating in these exciting tournaments.
The partnership between EX SPORTS and IQ Protocol opens up a world of possibilities for NFT lending in several other use cases. EX SPORTS plans to offer NFT loans for streaming purposes, allowing users to access exclusive content on the EX SPORTS TV platform. NFT holders of renowned athletes will enjoy the added benefit of access to free pay-per-view events, a feature that can also be seamlessly transferred to other individuals, fostering an inclusive and engaging sports community.
In addition, EX SPORTS is considering implementing NFT loans for ticketed and membership events, such as gym subscriptions. This new approach will improve the overall user experience by providing flexible ownership options, enabling individuals to unlock the full potential of their NFT assets.
“EX SPORTS is excited to partner with IQ Protocol to bring NFT lending to the forefront of our platform,” said Toli Makris, CEO of EX SPORTS. “We believe this innovative lending mechanism will not only democratize access to NFTs for our users, but also create opportunities for athletes and players to thrive. Through this partnership, we aim to establish strong scholarship programs and nurture talent within the UrbanBall game, further enriching our community’s experiences.”
The partnership between EX SPORTS and IQ Protocol will redefine the NFT landscape and improve the overall gaming and sports entertainment industry. Leveraging the power of decentralized lending, EX SPORTS is committed to empowering users and enabling widespread participation in the exciting world of NFTs.