Imagine a future where players can rent in-game items using blockchain technology. They will be able to use tools that allow them to complete challenging levels or NFTs to try a new game from their wishlist. Richard McLaren, co-founder of Polemos, hopes that such a feature will become common practice in the gaming industry. He also foresees the emergence of an economy where players will be able to rent out their in-game assets for payment.
In an interview with Cointelegraph, McLaren announced a partnership between gaming infrastructure company Polemos and fantasy game Illuvium. He believes the move will help break down barriers for new players looking to try the Illuvium platform. Polemos' NFT lending protocol, known as "The Armory," utilises an innovative prepayment model, allowing players to rent in-game assets without having to put up collateral. While NFT lending for in-game assets may seem like a niche market, McLaren predicts its potential growth to be in the range of 30% to 40%. In 2023, NFT gaming investments totalled a staggering $2.3 billion.
In addition, McLaren announced a strategic pre-sale of the Polemos token that is in the closing stages, scheduled to launch in mid-2024.
