A Revolutionary Partnership: Polemos and Illuvium
Polemos co-founder Richard McLaren envisions a future where blockchain gaming integrates seamlessly with digital asset rentals. His firm’s recent partnership with the fantasy battle game Illuvium epitomizes this vision. This collaboration aims to simplify entry for new players into Illuvium’s platform, reducing financial barriers and expanding the player base.
The Armory: An Innovative NFT Lending Protocol
Polemos introduces “The Armory,” a non-collateralized NFT lending protocol. This unique system allows players to rent in-game assets without the need for collateral, making it more accessible to a broader audience. The technology ensures asset safety, fostering a trust-based rental environment.
The Market Potential of Game Asset NFT Lending
McLaren predicts significant growth in the game asset NFT lending market, estimating it could account for 30-40% of the $2.3 billion invested in NFT gaming in 2023. This growth is attributed to the rental model’s role in marketing and player engagement, attracting players and retaining them through asset ownership and rental opportunities.
Beyond Earning: Strengthening Player Engagement
The rental model benefits long-time players and game studios by allowing them to earn from their unused in-game assets. This passive income stream enhances player retention and engagement, making it a valuable addition to the gaming ecosystem.
The Advantage of Decentralized Public Infrastructure
McLaren emphasizes the importance of decentralized public infrastructure in gaming. This approach reduces dependence on game studios and promotes player ownership, making lending services like Polemos more appealing to game studios and players alike.
Conclusion
Polemos’ initiative represents a significant shift in the gaming industry, with blockchain technology at its core. This advancement not only promises a new realm of possibilities for gamers and developers but also signals the burgeoning influence of cryptocurrency and NFTs in shaping future digital economies.
