Description

Currently, the pain point of Asset inventory is that other than buy/ build and sell, there is no other way for NFT holders or Metaverse players to create liquidity and cash flow. For this reason, mirroring the practice in real world that how we treat with many of our assets (Real estate for example), Pawnfi support users to make fully use of their ERC-20/ NFTs: Not only can use it to apply for collateral loan, but you can at the same time rent out to others, and/ or place it for sale. That is, liquidity will be unleashed in different dimensions. However, Pawnfi understand that it is not user friendly to make Metaverse players jump back and forth between thrid party platform and gaming environment. For this reason, Pawnfi's vision is to directly build a native Centre in Decentraland. There are two parts in this Centre ### Pawnshop: Borrower: In this Pawnshop, we support players to use their ERC-20 token (MANA) or NFTs (Wearables/ LAND) as collateral to borrow funds. While these collaterals are normally not accepted in outside world, Pawnfi will support them at first place to enable them obtain short term cash flow without selling it urgently to give up ownership for long. Of course, based on our smart contract, they can place it for sale at the same time. That is, they can easily combine a Loan + Sale Lender: When visit this Pawnshop, lenders with sufficient fund can provide short term cash flow to borrowers and earn interest revenue. It can be a new use case of Play-to-earn. ### Rental Centre Builders Instead of selling their creations for one-time income, builders can place their wearables here and rent out to others. They can now change their creation into a long-term business and earn stable income. Renters: Given building wearables is tech-knowledge required, players can only buy in secondary market. However, wearables are seldom for investment purpose. That is, buying it is unlikely to be the most efficient way as players might not able to sell it in future. With this Rental Centre, players can try out new wearables for short term period without monetization issue. It will lower the threshold to have fun, which will attract more players to explore in Decentraland. In conclusion, by supporting Decentraland Assets (MANA and NFTs) at first place and build a Panwshop/ Rental Centre directly in DCL world we want to provide more financial attributes to DCL players, maximizing the utility and educate builders/ investors/ players that their inventories are more than buy and sell - in Decentraland we can do bigger than that; and of course at the same time, obtain the gaming experience without asking players to jump back and forth between different platforms.