MetaBorrow

Inspiration

MetaBorrow is committed to empowering the gaming experience by helping gamers generate income through their gaming assets and save money at the same time by letting gamers rent in-game assets instead of buying them.

What it does

MetaBorrow unlocks an untapped secondary market around in-game assets where both the game developers and gamers generate profit through an open, transparent, and decentralized revenue-sharing model on every transaction done in an in-game asset on the platform.

How we built it

MetaBorrow's mission and commitment to empowering the gaming experience through decentralized lending and borrowing of gaming assets using staking mechanisms on Solidity and Polygon. It also mentions the creation of Dynamic NFTs using Revise Protocol and the unlocking of a secondary market for in-game assets with a revenue-sharing model for game developers and gamers. However, there is no specific information on how MetaBorrow plans to create this platform or how it will function in practice.

Challenges we ran into

Dependency on centralized game servers that we expect to get resolved as Web3 adoption increases in the future. Few bugs in the Revise protocol that we duly communicated to the dev team

Accomplishments that we're proud of

1. Developing a platform that allows gamers to generate income through their gaming assets.
2. Creating a secondary market for in-game assets that benefit both game developers and gamers.
3. Implementing a transparent and decentralized revenue-sharing model for every transaction on their platform.
4. Contributing to the transition of crypto and non-crypto games towards a decentralized future. Helping gamers save money by allowing them to rent in-game assets instead of buying them.

What we learned

Dynamic NFTs Creation, Staking Mechanisms, Smart Contracts on Solidity deployed on Polygon

What's next for MetaBorrow

1. Expansion of supported games: MetaBorrow could potentially expand its support for a wider range of games beyond crypto and non-crypto games, enabling more gamers to generate income from their in-game assets.
2. Integration with other DeFi protocols: The platform could integrate with other DeFi protocols to provide more opportunities for staking and lending of gaming assets, and also leverage the benefits of other DeFi applications.
3. Introduction of new features: MetaBorrow could introduce new features such as auctions and NFT trading to enhance the user experience and increase the liquidity of in-game assets on the platform.
4. Partnership with game developers: The platform could form partnerships with game developers to provide incentives for them to integrate with the MetaBorrow platform and allow for the staking and lending of their in-game assets.
5. Expansion to other industries: MetaBorrow could also explore the potential of expanding beyond the gaming industry and into other industries where there is a market for the lending and borrowing of digital assets.

Built With

• javascript
• next
• polygon
• push
• revise
• solidity
• tailwind