The OneRare meals metaverse or Foodverse has joined the IQ protocol to increase its utilities within the NFT market. IQ Protocol’s rental capabilities will likely be applied within the metaverse as a secure approach for passive earnings. This collaboration is anticipated to be the required push for its web3 journey.

Blockchains and NFTs have discovered their approach into virtually all industries lately. The NFT-powered metaverse initiatives have develop into the new-age promotional autos for companies worldwide. Nonetheless, sure industries whose very nature limits the adoption of NFTs, like meals and beverage.

It appears to be altering as OneRare has constructed a devoted foodverse to discover worldwide cuisines and construct an area for foodies on the blockchain. This mission could possibly be very important for the meals and beverage trade because it slowly strikes into web3. This metaverse additionally comes with digital eating places, unique video games, and NFTs to push the trade to the subsequent degree.

NFT and gamification are among the many progressive points of this meals metaverse. Customers can accumulate NFTs for meals from world wide, and so they will also be used as passes to enter real-time occasions. The metaverse has collaborated with famend cooks and eating places from across the globe. OneRare customers can get NFT passes that may be swapped for meals or entry to particular occasions from the companions.

As for metaverse gaming, the Gaming Zone comes with 4 areas: the Farm, Market, Kitchen, and Playground. The substances are purchased as NFTs utilizing ORARE tokens for use within the video games. Customers can farm, commerce available in the market, or cook dinner them as recipes within the Kitchen. OneRare has launched the beta Gaming Zone the place customers can try these thrilling video games.

With IQ Protocol help, OneRare introduces new rental options for the NFTs. Due to the brand new integration, customers can commerce their NFTs to others with out collateral. The safety mannequin of IQ Protocol will likely be answerable for safely renting out the NFTs.

Customers can make the most of this renting function for a number of causes. To begin with, NFT renting will permit avid gamers to entry extra in-game objects with out investing vastly in them. Secondly, NFTs with real-world use-cases may be rented out to earn passive earnings even when you find yourself not utilizing them. 

IQ Protocol is a decentralized cash market centered solely on digital asset rental and on-chain subscriptions. The protocol creates an expirable model of the NFTs that may be lent with out the necessity for collateral. In contrast to different modes of borrowing, customers of IQ Protocol would not have to fret about dropping management of their property. Furthermore, the protocol brings a number of different improvements that may be exploited for the digital-asset market on OneRare.