Kitsumon x IQ Protocol

We are excited to welcome IQ Protocol to join hands with us in the GameFi, DeFi, eSports and NFT space as a strategic partner!

IQ Protocol will be providing the basis for Kitsumon’s NFT rental systems. A specialty of IQ Protocol is their focus on creating a collateral-less and risk-free model for lending and renting digital assets, such as NFTs.

IQ Protocol is not only the first ever decentralized SaaS, but also a cross-chain peer-to-peer rental money market for in game asset spanning the most popular networks like Polygon, Solana and more. Users on the IQ Protocol platform can rent wrapped expirable versions of digital assets, such as NFTs, without risking their own utility, while earning profit by providing liquidity.

IQ Protocol is set to radically transform the landscape of Web3 gaming and has recently closed a $12million funding round led by crypto.com to bring in more features onto the pipeline.

About IQ Protocol & How It Works

We at IQ Protocol know that digital assets are not only valuable, but are also important to their owners. That is why we have worked hard to come up with a secure platform for renting and borrowing of digital assets. Typical modes of lending an asset puts a lender at risk, say, if the borrower refuses to return or loses hold of the asset (for whatever reason). With IQ Protocol, such risks are not a concern. Instead of giving the original asset to the borrower, IQ Protocol mints an expirable version of the NFT (which contains all of the unique features of the original). This NFT is then given to the borrower. This guarantees that the original NFT is always safe and can be returned to the owner after the agreed-upon rental contract has expired. Now, players can rest easy renting out the items that they aren’t currently using, providing the guild with a frictionless way of pooling their assets.

Find out more about IQ Protocol through the links below!
Website | Medium | Discord | Twitter | Telegram | Reddit | YouTube