https://lh5.googleusercontent.com/hWYX096G42uaCbUJEYomrBemSK1ZzKZoaOhXjy4a92t3EisjtJwxKT_6AiLU1FM3lbFrwpEzBlg0lB3eAO-XDQAZh-GF7QyXiFkmVetXJN1pWgDD3iP90P8oSTlWGmWoWjlwTaRbFfHvrxWRmJlpkA
We are a group of crypto loving developers and entrepreneurs. We believe in the economic empowerment of blockchain technology and are guided by it’s path to interoperability.
Kingdomly is a platform for borrowing and lending NFT’s. With Kingdomly anyone can enjoy seamlessly lend their NFT’s and earn interest while hodling. We give crypto enthusiasts the opportunity to access new NFT experiences without making the commitment of a full price purchase. Our initial focus is gaming, but it is our desire to empower NFT experiences of all kinds.
Traction
Our experience thus far includes running a global borrowing and lending program, employing more than 80 players across the world through remote part time roles. We lent out 300+ gaming NFTs and generated over $20,000 in revenue with $80,000 AUM.
We went from a small team of just a few of us to 5 scholar managers, 2 full stack developers, one of which is an experienced blockchain developer. Our blockchain developer has experience in smart contract development and is drafting out the MVP of our decentralized lending protocol. We have over 70 people who are interested in using our protocol and a cover site to gauge interest while full platform development progresses (website).
The V1 MVP demo of our rental marketplace can be found here.
Kingdomly facilitates borrowing and lending by appending the transactions to a list. This ensures no collateral is necessary for borrowing and the NFT itself does not have to leave the lender’s wallet. Our software appends usership status to the borrower, allowing them to access token gated experiences connected to our protocol SDK. Our initial focus is gaming NFT’s but our goal is to eventually handle all borrowing and lending for any functional or utility based NFT.
https://lh5.googleusercontent.com/mHanuF3Hg4p1EhBHON1ZhieBS73tgvOQJNKRMZdJfbp6PGBO-3F3505Rsc6Xqan4HGjzH-aOf7lS-4oaDrLe1fcAGc6TWF8ChJfV3EaWwgBeSEo2s2qG_A31EL6ntFOm95oQpDg-nD8uFsLWmo329Ls
Market
The market for gaming NFTs jumped from $55 million to $7 billion in 2021 alone (Vorobyeva). The market is set to continue to grow as more AAA rated games monetize their in-game assets in new ways. The largest blockchain based game with NFT assets just reached $4 billion in sales (Axie Infinity Now Reaches $4 Billion in Sales).
Mission
At Kingdomly we believe in making NFTs and the experiences that come with them more accessible.
Competition
Most of our competition leverages different technological solutions which require the borrower to put up collateral equal to the market value of the asset they are trying to borrow. Such competitors alienate a core demographic of the crypto gaming community and therefore do not target those who do not currently possess the capital to borrow a gaming asset on their platform. Other competitors, guilds, work closely with games to provide capital and players via borrowing and lending, but do not make such services open to other early adopters. This causes a loss for potential early adopters of the game who are not affiliated with the guilds. Such a solution creates a negative impact for games that want to reward early gamers, not just crypto gaming whales. As you can see in the graph, none of our competitors include features to seamlessly borrow and lend, buy and sell and fractionalized ownership. Kingdomly believes that these features should be core rights that gamers have. This is
true digital ownership
.
https://lh3.googleusercontent.com/M1lMuMf8yMo3aRNjciOJSSFoytElqZLA9tgFi7mUDyXpGx6qkIM3braSmKzwZKd7lpyVrJQpZXELQMxhWrcZmLK2QSOww2Ha0c6FVpRE-FN2YSLaJwvDIqYW9t8K9VMdelVdNdKfzst3S9aofcR3L9U