Sharding Capital invested in AFKDAO ✨
Sharding Capital is immensely pleased to announce its investment in AFKDAO, Making Metaverse More Accessible. 👾
AFKDAO is a decentralized protocol that boosts the buildup of play-to-earn economies. It provides potential investors with an easy gateway to access investment opportunities in gaming and metaverse projects through initial game-asset offerings and automated play-to-earn strategies, bringing gaming projects, guilds, and players together from the commencement of a project.
Through the DAO governance, the community will be able to decide the portfolio games, admit guilds, and treasury strategies for the best interest of the DAO, creating the strongest and the largest player syndicate in the play-to-earn space.
AFKDAO Solution on Market Problems:
AFKDAO comprises four components: Game Asset Launchpad, Game Aggregator, NFT Liquidity Protocol, and DAO governance.
- Provides a smart gateway for anyone to easily participate in play-to-earn, while projects can bootstrap their economies, and pro-gamers can profit and shine
- AFKDAO Members can mint badges that give them access to game asset NFTs at an early stage through IGO Launchpad
- Whitelisted guilds and pro-gamers would also be enabled to launch their staking pools where NFT owners can loan their game assets and earn yields from different games and play-to-earn strategies
- Via their delegator protocol, anyone with ERC-721 or ERC-1155 game assets can easily become on-chain leasable.
- Borrowers have access to utilizing the NFTs play-to-earn purposes while owners would not risk losing their assets
- Profits would be distributed automatically to everyone involved
AFKDAO would go one step further by introducing compound-like lending and borrowing protocol for widely accepted game assets so lending and borrowing can be done at any time. Other infrastructures like Oracle for GameFi and non-collateral NFT lending are also among the future development plan. The DAO governance allows members of AFKDAO to vote and determine the treasury policies including which games and NFTs to admit as accepted investment subjects in a game aggregator, or how the fees that go to the treasury would be utilized or redistributed.
About Sharding Capital
Sharding Capital is a venture capital institution focusing on early-stage projects of encrypted assets, digital economy, and blockchain-related technology. Relying on professional investment research and analysis teams and community influence, it is committed to discovering the next “blockchain unicorn”
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💎 AFKDAO
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