Oort Digital: Every NFT lease and mortgage loan will make your game character stronger｜Project Introduction

The liquidity of NFT has always been a difficult problem to solve. When the market is good, this problem will be covered up by the influx of a large amount of funds, and when NFT enters a bear market, this problem will will be highlighted more clearly.

The poor liquidity of NFT can be mainly attributed to its indivisible nature and the difficulty of pricing. Indivisibility means that buyers can sometimes only pay a high price to buy a complete NFT, and since NFT is currently mostly used for pictures, etc., the value depends on the subjective aesthetics and perceptions of buyers and sellers, so there is great difficulty in pricing.

For indivisibility, NFT fragmentation platforms such as Fractional have already been born. By fragmenting complete NFTs into homogeneous tokens representing their ownership, Proportional dividends are distributed to all holders during the second transaction, which lowers the threshold for people to participate in investing in high-value NFTs such as CryptoPunks, and also improves the liquidity of NFTs.

Fragmentation solves the problem of indivisibility of NFT, but it is always difficult to find a more reasonable solution to the pricing problem. Previously, platforms such as NFTfi focused on NFT leasing and mortgage lending, but this also faced pricing issues, and it seemed to be more complicated. Lenders need to consider how much the NFT is worth, and how much it can be priced to allow borrowers to accept it. It is necessary to consider how much money to lend is in line with the value of NFT and will not allow the lender to refuse to return it.

Leasing and mortgage lending in the past seem to have only changed the scene of NFT transactions, and still need to wait for the C2C transactions that match buyers and sellers. Finally, they chose not to return the funds, so many lenders chose to use unsold NFTs as collateral to wait for someone to "take the bait".

Therefore, the development of NFT leasing and mortgage lending needs to solve two problems. risk taken. And that's exactly what Oort Digital is trying to do.

Introduction to Oort Digital

What do you think of when you hear GameFi and NFT leasing and mortgage lending? I believe that the first thing many people think of is renting NFT assets in the game to make gold. It is true that this is indeed a good way to lower the threshold for users to participate in Play to Earn games, but NFT is not just game assets. GameFi and NFT lease and mortgage The combination of borrowing and lending is not the only way.

The reason why NFT leasing and mortgage lending have come to a dead end is because most NFTs lack practicality, or in other words, there is no practicality after leasing and mortgage lending, The income that the borrower can earn is only interest income.

As mentioned above, many people will put useless and unsalable NFTs in the leasing and mortgage lending market to "try their luck". And if the NFT becomes useless and unsalable after the NFT is mortgaged to the borrower, it will make users bear huge risks, and over time, no one will be willing to lend money. Therefore, it is very important to empower the mortgaged NFT.

Stimulate leasing and mortgage lending with Volume Contest

Let's see how Oort Digital does it.

First and foremost, Oort Digital has built an NFT leasing and mortgage lending market, where users can perform the most basic NFT leasing and mortgage lending operations , and this platform is not much different from other NFT leasing and mortgage lending platforms.

Next, Oort Digital added game attributes on this basis, so that these NFTs can continue to create value for borrowers.

Every week, Oort Digital organizes a competition called "Volume Contest", which, as the name suggests, means "trading volume competition". In each round of competition, users can choose to join the three camps of Human, Orc, and Virus, and then earn "Liquidity Points" through leasing and mortgage lending operations, and finally rank according to the total liquidity of each camp and get different rewards.

Not every type of NFT can get "liquidity points". The official has given an "NFT whitelist" and "NFT blacklist". Only when users provide NFTs on the whitelist can they earn "liquidity points", and when your NFT is lent, you can You can get double "Liquidity Points". At the same time, users can also earn double points by lending NFTs in the whitelist. In this way, while promoting NFT leasing and mortgage lending, it can be guaranteed that the NFTs participating in leasing and mortgage lending are all high-quality assets. After each competition, users will get different levels of coupons according to their rankings, which can be used to exchange for equipment of different rarities.

Enabling NFT leasing and mortgage lending through games

Volume Contest is just the first event launched by Oort Digital to motivate users’ leasing and mortgage lending behavior. In the future, Oort Digital will also launch a Play to Earn game, the first batch of game characters have been gifted to early supporters of Oort Digital. Users can manipulate game characters to play games and earn income.

The higher the level of the game character, the higher the ability value will be, and it will also allow the player to earn higher income, but this does not mean that Oort Digital launched Oort Digital's Play to Earn game has become a "Giant Whale's Game". Through the design of the mechanism by Oort Digital, every player has the opportunity to earn more income.

For giant whales, they can upgrade their characters by packaging homogeneous tokens or other NFTs with game characters, if they don’t have time For games, you can also put the upgraded characters in the rental market for other players to use, and you will also get benefits; for ordinary players, who are unwilling to spend too much money, you can also earn various equipment by playing games to sell or It is to upgrade their game characters; for hardcore players, they can even choose to package and upgrade their NFT leasing and mortgage lending data with game characters. The more leasing and mortgage lending transactions they participate in, the more game characters will be become stronger.

Upgrade game characters through leasing and mortgage lending, obtain more income through upgraded game characters, and then use the proceeds to upgrade game characters through leasing and mortgage lending transactions, Oort Digital has achieved a closed ecological loop, which will also promote the positive cycle of Oort Digital's economy.

In the future, Oort Digital will create its own metaverse (Oortverse), and players can buy or lease land in the metaverse. In addition, Oort Digital will become a role similar to Polkadot, and cooperate with more game parties to provide card slots for them to enter the Oort Digital ecosystem.

In short, what Oort Digital has to do is to continuously empower the user's NFT to make the mechanism work. The current empowerment methods are as follows :

(1) Financialization. Oort Digital will launch a one-stop solution, the "Super DeFi Account", which allows the use of NFT for various DeFi operations, including but not limited to leasing, mortgage lending, trading, fragmented trading, insurance, etc.

(2) Gamification. Oort Digital will launch a native competitive game that allows NFT owners to package the financial activities of super DeFi accounts to empower Oort Hero and manipulate it to compete with other real players.

(3) Interoperability. Oort Digital is also building a more inclusive and open "Oortverse Metaverse", allowing any third-party games, projects, and brands to enter for brand promotion and other activities.

Team Profile

Roger Jiang

Founder and CEO, graduated from Lubin School of Business, Pace University, New York. One of the core members of CrowdBureau, a New York financial technology company, has worked in top financial institutions such as State Street and a number of financial technology companies, and has extensive experience in the field of blockchain games.

Steve Mclvor

Game designer, with nearly 25 years of game design experience, is also the head of several game studios, and has participated in the design of AAA-level RPG games including the Final Fantasy series.

Sam He

Full-stack developer, former JD.com software engineer, has more than 10 years of development experience, good at Java, JavaScript, C language and Solidity.

The vision of Oort Digital is not only to make a better NFT lending application to solve the liquidity problem of NFT, but to create a The bridge brings DeFi into the metaverse. In the future, we will live in the metaverse, and NFT will become our assets in this world, and decentralized finance is of course indispensable. Through games, it is easier for people to understand and participate in activities related to our virtual assets, which will make us more adaptable to our life and future in the Metaverse.  

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