Last year I speculated about how the NFTs are going to be the future asset that you can use it for loans. And this year that speculation is now a reality. And there is one company that is actively into this sort of the stuff. Like giving loans for the in game items or the NFT assets. So today I found out that Ronin the company behind the Axie is teaming up with Metaland.
Metaland is basically going to allow you to get ETH loan for your Axie in game assets and the NFTs.
Axie infinity players can now take a loan against the NFT assets. You can make use of the NFT collection for taking the loan and getting it in the ETH. So your churning and the efforts can pay off if you decide to either sell it or rent it or even loan it. So finally the game playing and spending your precious years churning off on virtual things is paying off.
Think about it this way, you could be of any age. And you wasted time playing the video games. And not much earned and you wasted years. Imagine with the NFTs and the in game years, you would end up earning for those hours spent on the game items. This could be a good direction for you to work around with the games that pays off like this.
Metaland is officially deployed on the Ronin chain. And they are also available on the Polygon too. So I suppose the transaction fees and the overall fees would be managed in that case. It seems like this would take on fire and other games would be joining such DeFi too.
For those who are interested can check out the Metaland DeFi.