Here’s How Hoard Is Trying to Revolutionize the NFT Industry

0
1998
Concept digital key with text NFT, non fungible token. Cryptographic unique token. Crypto technology. Dark blue background. Vector

People need markets to properly trade and buy these priceless commodities in the post-pandemic world, and NFTs are becoming a staple. Gaming, one of the most prominent areas in the “new normal” type of society, is a multibillion-dollar industry with rigorous limits on what players can do.

Hoard Marketplace, which allows users to trade, buy, sell, loan, or NFTs on the Ethereum Mainnet, aims to give gamers actual ownership of their gaming goods. Hoard claims that by creating a blockchain infrastructure for game producers to tokenize all components of their games, players will finally own what they paid for.

Who is in charge of the project?

Hoard was founded by a group of entrepreneurs that promised inexpensive costs and superior DeFi liquidity services. Hoard’s CEO, Radek Zagórowicz, feels this is the beginning step toward developing new NFT functionalities and applications. Its main purpose is to make it possible to use NFTs as collateral for cryptocurrency loans.

The mathematician began his career at Samsung as a software engineer, but his current concentration is on crypto and blockchain-related IT services. He also serves on the Imapp board of directors. Sawomir Bubel, Hoard’s Gamadev Relations head, is a veteran of the game industry. He’s worked on games like Ultra Street Fighter IV and Dark Souls: Remastered, and he’s also led teams of over 100 developers and designers.

Cyryl Matuszewski, the primary programmer, has experience porting and optimizing engines such as the MT Framework and the RED Engine. His work was crucial in titles like The Witcher 2, Remember Me, and Mortal Kombat X.

Kuba Lesisz is a co-founder of Hoard and a systems architect, and a Microsoft stack developer.

The Purpose

The founders created a hoard to allow users to trade, purchase, sell, loan, or rent non-fungible tokens (NFTs), such as in-game assets, digital art, and domain domains, among other things. In the DAO model, the platform was designed to be constructed such that people own and govern it (decentralized autonomous organization).

The interface is designed in such a way that even novices may utilize it without difficulty. HRD, DAI, USDT, USDC, and BUSD are the five ERC20 tokens supported in the current version.

The platform also features a native token, HRD, which is traded on the P2PB2B exchange in Estonia. The overall supply is 1 billion, with the community receiving 48 percent of it. Token holders can transact, stake for compensation, and vote. Token holders can also become HRD liquidity providers on decentralized exchanges. The initial sources of income are a token sale and staking (until the community decides otherwise).

CryptoKitties, Axie Infinity, Rarible, and Superrare are some of the NFTs added to the platform. One could wonder how Hoard differs from services like DeFi, Uniswao, Ethereum Compount, Aave, and Yearn Finance.

Borrowers have used their NFTs to receive loans, and lenders have put their cryptocurrencies to good use and create additional earnings since their debut. At the same time, the Stake service will allow all users to leverage double the benefits of their HRD tokens.

Users can purchase HRD, offer liquidity to the Uniswap ETH/HRD trading pool, and then stake UNIV2 tokens on the Hoard Marketplace to earn incentives on both the Uniswap and Hoard platforms.

For NFT holders, things are changing, and new opportunities are opening up every day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here