ForthBox establishes Strategic Partnership with Kyoko
We are glad to announce that we establish a strategic partnership with Kyoko, a DAO-2-DAO loans and cross-chain GameFi and NFT lending market for guilds and gamers.
Kyoko is a protocol that creates a lending market for non-fungible tokens(NFTs).
When the borrower deposits the NFT in Kyoko Vault and customizes the loan amount, he or she can get an ERC721 token (namely, BToken), which is used as the proof to redeem collaterals from Vault.
When the funder sends the specified amount of ERC 20 tokens customized by the lender to the mortgager of the collateral, he or she can get an ERC 721 token (namely, LToken), which is used as the proof to redeem the ERC 20 assets from the Vault and is qualified for liquidating NFT collaterals.
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ForthBox is a Web3 GameFi aggregator and integrated service provider supporting all types of blockchain games. We enable users to issue game NFTs with one click and make it easy to transform traditional games into blockchain games.