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May 13, 2024
The Telos Blockchain Announces its Strategic Partnership With StreamNFT.
2
min read
Telos announces strategic partnership with StreamNFT. StreamNFT enhances NFT utility with a liquidity layer through its offerings, such as peer-to-peer renting and loans.
Key offerings of StreamNFT:
NFT Rental Features:
Guild Onboarding, Private Rentals, Custom Payment Token, Partner Fees, Trial NFTs.
Composable Contracts:
Instantly take loans, put them on rent, and maximize returns from NFT assets simultaneously.
Utility Portal:
Supercharge NFT with post-mint utility offering, share rewards/utility to NFT holders to enhance engagement.
ERC-7066 Use-Cases:
Ephemeral/Consumable NFTs with time/use-based expiry, Access-based NFT Mandate, Partial payment at Mint, etc.
Supporting Developers and Players on Telos
The partnership with StreamNFT provides Telos’ Web3 game developers and players with enhanced capabilities.
For Developers:
Developers gain access to StreamNFT’s advanced tools for creating immersive and rewarding gaming experiences. The integration of NFT financialization tools, like rentals and loans, into games empowers developers to forge sustainable in-game economies and innovative reward mechanisms within the Telos ecosystem.
For Players:
This collaboration opens up novel avenues for players to fully monetize and leverage their NFTs. From generating passive income through NFT rentals to obtaining instant liquidity with collateral-free loans, players can now enjoy a more accessible and financially beneficial gaming experience.
NFT Utility Portal:
StreamNFT’s NFT Utility Portal on Telos enables developers to easily add post-mint utilities to their games, thereby enhancing player loyalty and enriching the gaming experience. The portal facilitates the quick and cost-effective rollout of new features, benefiting both gamers and brands within the Telos gaming ecosystem.
Conclusion
The partnership between Telos and StreamNFT reflects a commitment to advancing the Web3 ecosystem. Utilizing StreamNFT's infrastructure, the collaboration seeks to create new opportunities for developers and players.
Disclaimer
The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.
About The Telos Foundation
Telos is a decentralized blockchain ecosystem that includes Telos EVM, which is tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. With its continued focus on helping push forward the global adoption of Zero Knowledge technology, Telos is also currently developing a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, with the goal of enhancing privacy and scalability for global use cases at scale. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.
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