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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 Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Blockchain

India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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