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Blockchain

Crypto Fight Club Releases On-Chain NFT Lending for its Metaverse Games

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Tallinn, Estonia–(Newsfile Corp. – April 25, 2022) – As of today, a lending platform is live on Crypto Fight Club called ‘Club Lending’. So what does this mean for players, guilds, and play-to-earn managers?

Club Lending Showcases Safety & Freedom with NFT Trends

In a completely on-chain lending experience, Crypto Fight Club NFT holders now have the opportunity to rent out their NFT fighters to any player who has linked a wallet to the website through the latest addition to the app: Club Lendinghttps://app.cryptofightclub.io/lending

For those who own multiple NFTs, this is an excellent way to build a team when those are struggling to find the time to enjoy the play-to-earn games and gain the token rewards.

Accessibility and customization is key. Each borrower can shop around and make the decision to earn some tokens without the initial cost of minting a fighter. In most cases, those playing on another person’s dime aim to earn enough to start a team of their own.

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Safe, Secure and On-Chain

There is no escrow system: not a single human is actually involved in the determined incentive because the automated smart contract will calculate the distribution of tokens every week, according to the initial agreement.

What’s more, these NFTs rented are wrapped, so no assets actually change hands. Instead, a synthetic asset is created for the duration of the loan. The system essentially clones the fighter and gives the borrower the copy with limited rights in order to keep everything secure and iron-clad.

The NFT is loaned with minimal rights going to the borrower. They simply take the synthetic asset and play games with it and are not able to stake or sell the fighter. After the lending agreement matures and comes to an end, the smart contract burns the wrapped asset and concludes the agreement made.

Also, should a borrower not utilize the NFT avatar to play the game and earn, the one loaning can end an agreement early. This allows the NFT holder to lend their assets to others willing to play the game and benefit both parties.

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Creating a Robust Sharing Economy

To all guild members reading this post, this is the most efficient system to hit the market. Say goodbye to the middleman and centralized bridges – assets remain safu by the glory of smart contracts and quality-assured blockchain tech.

The first mini-game Chicken Run has been adapted to become one of the most incentivizing play-to-earn games in the industry for time spent. Beyond developing a game people genuinely want to play, there is also the desire for a platform where gamers around the globe can connect and earn rewards collectively.

Next is Fight the Bear, another mini-game carrying a myriad of in-game rewards. Now might be the time to explore the lending system on Crypto Fight Club. And in the future, there is the anticipated PvP modes to look forward to, amongst many other upcoming game modes.

With industry-leading burning mechanisms, runaway inflation is not a concern on the platform compared with other popular crypto play-to-earn games. Lending on Crypto Fight Club will only stimulate the economy by widening access to all gamers.

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Join the fight today and find out – https://www.cryptofightclub.io/

Media Contact:

Project Lead, Ashton
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121472

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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