Digital Arms Announces Partnership With AFKDAO To Bring DeFi Utility To Firearms NFTs

Digital Arms has announced a key partnership with AFKDAO, which will unlock liquidity value for its firearms NFT gaming assets.

The partnership marks a major step in Digital Arms’ mission to facilitate NFT firearm gaming interoperability across all video games platforms.

Through the collaboration, Digital Arms will make its firearms NFTs available on the AFKDAO chain, where they will be rentable and accessible to a range of NFT-specific DeFi services.

AFKDAO will provide both low-collateral lending and borrowing pool solutions to unlock the liquidity of Digital Arms NFTs.

In turn, this will transform its NFTs into a real-world asset class through automated play-to-earn strategies, as opposed to centralized utilities tied to a single gaming platform. 

The collaboration with AFKDAO is an important step for Digital Arms to enable wider integration within the P2E gaming ecosystem.

Indeed, Digital Arms has already created a large, interactive NFT marketplace where gamers and hunting enthusiasts can explore, purchase and trade digital firearms and accessories as NFTs.

The marketplace supports new use cases for the metaverse, gaming platforms and play-to-earn gaming guilds.

Furthermore, each Digital Arms NFT has a unique identity that video game developers can leverage to identify and recreate weaponry in the digital environments they create. 

NFT holders will be able to purchase skins and accessories for their weaponry and forge new firearms out of them, creating rarer and more valuable NFTs in the process.

Moreover, users will be able to stake their assets to produce new tokens through breeding, while earning bonus APY in the platform’s native $HNTR token.

In a ground-breaking move, Digital Arms is also providing firearms merchants the opportunity to create their own branded storefronts on Digital Arms’ platform.

Merchants seeking to take their business to the digital realm can display NFT-based firearms, accessories and services, and accept payment in $HNTR. 

Digital Arms is the only firearms industry-supported cryptocurrency and firearm NFT trading platform in the world.

The brand has established key relationships with the world’s most renowned firearms manufacturers and accessory brands, creating a unique interactive NFT marketplace for gamers and hunting enthusiasts.

Digital Arms’ new partner AFKDAO has built a DeFi infrastructure for NFTs that allows blockchain projects to tap into the metaverse and decentralized finance. It provides tools and protocols that act as a gateway for NFTs to access the P2E ecosystem.

• June 27, 2022
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