AAG Ventures Partners with RentMyNFT to Provide An External NFT Liquidity Pool for AAG Platform
In guild business, growth is directly proportional to the number of scholars that can be supported. In order to allow more scholars to play, a guild has to either purchase NFTs or acquire them through in-game mechanics. This is typically very costly and the supply may not always be readily available.
We are thrilled to announce a partnership with NFT-renting platform RentMyNFT. RentMyNFT has a unique business model whereby it dedicates 27.5% of its token supply towards rewarding renters and owners with native RNFT tokens after each rental transaction and then allows them to stake these tokens to earn ETH rewards forever. The way it works is that it allows owners who list NFTs on their platform to enter into rental contracts with renters who want to rent those NFTs for an agreed-upon rental duration and rate; in addition, the renter also has to put in a security deposit as collateral.
We see a lot of potential for collaboration with RentMyNFT’s Institutional NFT-Renting Program, which allows institutions like Play-To-Earn guilds to rent NFTs in bulk at a discounted rental deposit. Play-To-Earn guilds regularly need to expand their collection of NFTs for the growth of their community, and this can be extremely expensive, considering the rising cost of and demand for NFTs and the pace at which the NFT space is growing. So an NFT-lending platform like RentMyNFT, with its institutional NFT-renting program, can become an extended part of our ecosystem, providing liquidity for our NFTs with increased capital efficiency and helping us provide more people access to the PTE space faster than we could do alone. We expect to take advantage of their rental platform to rent more NFTs for our community and move closer to our goal of making Play-To-Earn gaming accessible for all.
We look forward to a mutually fruitful collaboration with our friends at RentMyNFT. Follow RentMyNFT on Twitter for regular updates.
AAG Ventures IDO
After raising $12.5M in an oversubscribed Private Round led by Shima Capital, Tribe Capital, and Tess Ventures, AAG Ventures is excited to announce the launch date of AAG Token IDO.
Token Launch Auction (TLA) or IDO will begin on 12th December at NOON UTC. Follow us on Twitter for news on how to participate and up-to-date information.
Have a question about the AAG IDO? Visit the AAG Ventures Telegram community to get your answer now!
