TL;DR
- GensoKishi Online introduces a fully automated scholarship system, eliminating common issues found in traditional models, including manual management and disputes.
- NFTs are staked and managed through secure smart contracts, ensuring seamless transactions, automatic rentals, and dispute-free asset lending.
- The system operates on a B2B model, offering NFT owners stable returns without burdening players, creating a more sustainable and profitable GameFi ecosystem for long-term success.
GensoKishi Online, a blockchain-based game developed by Metap Inc., has introduced an innovative scholarship system aimed at transforming the way NFT lending works within the GameFi space. This system seeks to streamline processes for both NFT owners and players, moving away from traditional, often inefficient models to create a more sustainable, user-friendly environment for all involved.
In traditional GameFi scholarship systems, investors purchase NFTs and lend them to players (scholars), who then play the game and earn tokens. The rewards are usually split between the NFT owner and the player, often with owners taking a larger percentage. This process is not without its challenges, including the time-consuming task of finding trustworthy players, managing NFT rentals, and dealing with disputes over rewards, which can create inefficiencies and frustration.
A Seamless and Secure Solution
GensoKishi’s new system takes a different approach by leveraging blockchain technology and smart contracts to automate the entire lending process. Instead of manual transactions, NFTs are staked into the platform and linked to secure smart contracts, which ensures smooth and dispute-free interactions. The system features a rotation-based rental model, ensuring that NFTs are lent out at regular intervals, optimizing asset usage without requiring constant management from the NFT owners.
A key advantage of the new system is that it eliminates performance-based reward deductions. Unlike traditional scholarship systems, where scholars must share a portion of their earnings with owners, this system allows players to retain all of their rewards. This provides a more relaxed gaming experience for players, letting them focus on enjoying the game rather than generating income for someone else.
Fostering a Sustainable Ecosystem
Designed with long-term sustainability in mind, the new scholarship system adopts a Business-to-Business (B2B) model. This ensures that NFT owners can generate stable returns, while players are not burdened with sharing their earnings. This setup helps create a balanced and profitable ecosystem that benefits both sides, fostering the growth of the GensoKishi community.
The system was soft-launched in December 2024 and will be fully implemented by February 20, 2025. Scholarship NFTs are currently available through Over-the-Counter (OTC) trading, with general sales expected once the staking Dapp is ready. This exciting new initiative positions GensoKishi Online to lead the way in the evolving blockchain gaming world.
