Reaching out to all the potential cryptocurrency investors, we have an exciting opportunity for you. Your search for an incredible giveaway ends here, so get ready to experience something extraordinary.

It gives us immense pleasure to announce the aarnâ giveaway. Your hard work and determination will not go unseen, as aarnâ has prepared prizes beyond your expectations.

**To enter the giveaway,**
1. Follow us on [Twitter](https://twitter.com/aarnasays) and [Medium](https://medium.com/@aarna_finance).

2. Follow our [Telegram Channel](https://t.me/aarnasays)

3. [Join aarnâ engine and connect your wallet](https://engine.aarna.finance/portfolio)

4. Tag your 5 friends in the comments section.

5. Like, Retweet and Spread the Word!!

6. Share your views about DeFi on the Telegram Channel.

**Timeline:**
24th May 2022–4th June 2022

**Reward Distribution:**
**1st Place — $150 USDT

2nd Place — $120 USDT

3rd Place — $100 USDT

4th Place — $80 USDT

5th Place — $50 USDT**

Stay Tuned for more updates! If you face any roadblocks for participating in the giveaway, contact us at https://www.aarna.finance/

## About aarnâ:
aarnâ protocol is an autonomous DeFi asset management platform on a mission to simplify the crypto & DeFi experience lifecycle for investors, with a fully on-chain ecosystem leveraging cooperative human-artificial intelligence. Our beta is ready for launch, and we’d love to be the most widely used Web3-native asset management platform in the next decade.

aarnâ protocol is designed with a holistic approach for solving the complex problem of asymmetric access & information in crypto asset management at scale and pursues this with a flywheel that connects an engine, a DAO, and machine intelligence. aarnâ has a defined roadmap for progressive decentralization of the platform.

### Social Media Handles:

[Twitter](https://twitter.com/aarnasays) | [Telegram](https://t.me/aarnasays) | [Website](https://aarna.finance/) | [Medium](https://medium.com/@aarna_finance)

It gives us immense pleasure to announce the aarnâ giveaway. Your hard work and determination will not go unseen, as aarnâ has prepared prizes beyond your expectations.

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aarnâ $500 USDT giveaway

The world of traditional gaming was disrupted when the concept of Play-To-Earn Gaming came into the market. Play-to-earn video games offer a platform for players to earn rewards that have value in the real world. It enables players to cultivate or gather cryptocurrencies and NFTs for market sale. The idea of earning real money through gaming attracted a lot of gamers to the platform, and since then, there has been no going back. 

But now, there’s a new concept in the market and the users are trying to understand more about what it offers. 

## What does Rent-To-Earn stand for?

Rent-To-Earn is another term for NFT renting. As the name suggests itself, it deals with people renting their NFTs. It is new and beneficial to people who do not possess a certain NFT but would like to use it or experience it for a short while, and can rent it from a platform that offers this service. 

## How does NFT Renting work?

So, through NFT renting, NFT owners can rent their NFTs to strangers for a definitive period and a set price. It doesn’t mean that they’re giving their NFTs away. It simply means that they’ll be renting it temporarily and will be entitled to a cut out of the earnings that the rentees make out of the NFTs. 

There are usually two ways to rent your NFTs:

**Collateralized Renting**

1. Owners can approach any online marketplace that allows NFT lending and borrowing and post their NFTs if they want to rent them out. 

2. If an interested party is willing to rent the NFT, the borrowing procedure starts immediately. The process is quite simple, both the parties, upon mutual agreement, deposit the NFT into a smart contract.

3. The Smart Contract will contain all the essential details like the duration of the rental, collateral, and other conditions.

4. Since this is collateralized renting we’re talking about, the borrower will be required to deposit collateral, which will probably exceed the value of the NFT, to maintain the safety of the lender and their assets. Other than this, the renter will also be responsible for paying a rental fee to cover the expense of renting the NFT. 

5. Post all these steps, the renter will receive the NFT and can avail of its benefits as per their requirements.

**Collateral-less Renting/ Uncollateralized Renting****Bold**

The process of collateral-less renting is pretty much the same as collateralized renting. 
The sole distinction is that, in contrast to collateral renting, the renter never receives the original NFT in this case. Instead, a wrapped NFT is created for the renter that has all the same features as the original asset, backed by the original assets. 

## Conclusion
The NFT space is expanding quickly, and with concepts like Rent-to-earn, more and more people are encouraged to enter the space without having to spend loads of money for buying an NFT. Although there are only a few rental marketplaces currently, the potential is ever thriving. 


Rent-To-Earn is another term for NFT renting. As the name suggests itself, it deals with people renting their NFTs. 

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Understanding the concept: Rent to Earn 

Understanding the concept: Rent-to-Earn 

As companies use blockchain to drive greater transparency and precision across the digital information ecosystem, they’re amplifying awareness of the technology in sectors ranging from finance to infrastructure and even the entertainment sector. Here are the latest innovative ways in which companies are harnessing the power of blockchain technology in these three major domains.

## Financial services
Blockchain integration in finance has created the revolution of Decentralized Finance (DeFi). From a global perspective, banks serve as the critical storehouses and transfer hubs of value as digitized, secure, and tamper-proof ledgers, blockchains could fulfil the same responsibility, adding enhanced accuracy and information sharing into the financial services framework. JPMorgan Chase, the 200-year-old & world’s leading global financial services firm is facilitating to and fro real-time international payments with its clients through its JPM Coins. Other leading banks like Citigroup & Goldman Sachs are running trials with blockchain. It is a popular analysis that blockchain can rattle the $5 Trillion banking industry by disintermediating the basic services that banks provide, from payments to clearance and settlement systems.

Facilitating payments is highly profitable for banks. International B2B transactions alone are expected to reach a total value of $35T in 2022, according to Juniper Research, however, blockchain technology offers a secure and cheap way of sending payments that eliminates the need for verification from third parties and overpower processing times for traditional bank transfers.

Investing sector is also impacted by blockchain technology. We can see impact tokens integrated with smart contracts, incentivizing activities that support the UN’s Sustainable Development Goals. Disintermediation of capital formation is also adapted by the crowdfunding industry by giving pledgers the ability to directly fund creators.

Another finance sector absorbing the concepts of blockchain is mortgage/lending. Conventional banks/lenders provide loans based on credit reporting, however, blockchain provides a cheaper, more efficient, and more secure method to do the same for a broader pool of consumers, using a cryptographically secure, decentralized registry of historical payments; so consumers could apply for loans based on a global credit score. Moreover, the insurance industry is directing its blockchain applications on operational efficiency improvement. They are experimenting with blockchain to drive down costs, increase speed to market, and provide better customer experiences.

## Infrastructure & Energy
Since blockchain could serve as a public ledger for a massive number of devices enabling them to mediate communication between them autonomously, several companies are incorporating this technology to allow any device to securely connect, interact, and transact independently, along with managing software updates, bugs, or energy management.

Construction is another highly regulated industry that employs a wide variety of tradespeople to take on very complex projects. It is a difficult and time-consuming task to validate their identities, quality of work, and credibility. A blockchain-based framework could resolve these issues by making it easier for general contractors to cross-reference and track progress across multiple teams. While sourcing construction materials from credible places and ensuring their quality could be implemented using blockchain technology, the incorporation of smart contracts simply automates issuing timely payments linked to project milestones. The application of blockchain in real estate can help with recording, tracking, and transferring land titles, property deeds, liens, and more, ensuring the accuracy and verifiability of all documents.

Energy management has been the most centralized industry historically. In the US and UK, centralization of authority to allow someone to transact in energy lies in the hands of established power holding companies like Duke Energy or National Grid or with a reseller that buys from a big electricity company. Blockchain’s distributed ledgers could minimize (or eliminate) the need for such intermediaries, changing the traditional energy-exchange process. An open-source blockchain platform would enable utility companies’ customers to transact in ‘decentralized energy generation schemes’ to generate, buy, and sell energy to other people.

## Entertainment
Smart contracts of blockchain technology bring fairness in content sharing for creators, along with automatically disseminating the revenue on purchases of creative work according to predetermined licensing agreements. Moreover, the cost of video traffic by decentralizing video encoding, storage, and content distribution could dramatically reduce using blockchain disrupting Netflix, YouTube, and other players in the video distribution market.

In the world of gaming, blockchain enables gamers to attain a more even playing field for competing, getting rewarded, and exchanging digital assets, as digital tokens are securely exchanged for cryptocurrency without third-party investment. This model, termed Play-to-Earn, allows the gamers to use one perfected character or set of skills and items across digital worlds via blockchain’s distributed ledger, thereby quickly earning rewards and exchanging them through one decentralized source. NFTs and the Metaverse make the model more profitable to gamers. Axie Infinity, the NFT-based online video game, became very popular in 2021 as the players were not just earning tokens for in-game purchases, but also crypto exchange for real money. The game’s sales spiked from roughly $20K in Q1 2021 to a peak of $246.32M in Q4 2021.

There is also an urgent demand to reinvent social media networks as platforms where users are paid for the content they create, and they can also maintain anonymity. Blockchain technology and tokenization have also affected the art industry by giving a way to global access to the art market and reducing transaction costs.

As this new concept of blockchain technology grows, we will be looking forward to transformations in every sector of the global market. This technology has the potential to penetrate every barrier and establish a better structure for every sector.

As companies use blockchain to drive greater transparency and precision across the digital information ecosystem, they’re amplifying awareness of the technology in sectors ranging from finance to infrastructure and even the entertainment sector.

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Impact of Blockchain in Financial, Entertainment and Infrastructure Industries

Non-fungible tokens (NFTs) took the investment market by such a storm that according to the NFT marketplace tracker nonfungible by the march of 2017more than $500M in USD had been exchanged over its sales. However, despite the explosive hype, there is a lot of confusion around understanding NFTs and navigating their way forward.

## What are NFTs?
NFTs are exclusive digital assets that are managed on a blockchain network. however, the confusion arises herein: NFTs don’t represent the actual asset but only a record of its sole ownership. as the terms of transaction differ from NFT to NFT, here are the criteria that define ownership of NFT-

· Rare and unique: Each NFT is unique in the sense that it cannot be copied, substituted, or subdivided. every digital asset is one of its kind.

· Interoperable: NFTs can be traded and transferred across crypto wallets and marketplaces. this enables users to trade their NFTs on different platforms, for instance, selling the skin of a video game gun.

· Immutable: Once the NFT is encoded on the blockchain, it cannot be tampered with which allows owners to validate the authenticity of their digital asset.

· Ownership: Holding the NFT confirms the ownership of the digital asset.

The process of owning an NFT is simple. an individual only needs to have a crypto wallet that can be connected to the NFT marketplace which will enable them to mint or list their NFTs.

## The growth of NFTs
While NFTs aren’t new, their recent hype can be attributed to the “wealth effect” wherein individuals spend more as their net worth increases. in this scenario, towards the end of Q1 ‘21, the price of ether exploded by 1000% and bitcoin surged by 600% which meant significant returns to early crypto buyers. Meanwhile, those who would purchase expensive NFTs were already settled in the crypto marketplace.

Owing to their immense popularity, NFTs present a huge potential for gaming and digital artists who can sell their artwork directly to users. Recognizing its scope, reputed brands such as Taco Bell, Pringle’s, NBA, as well as celebrities such as Paris Hilton and Lindsay Lohan hopped on the NFT train to auction their digital assets.

## The Challenges and Drawbacks of NFTs
Following are the challenges that might hinder the progress of NFTs: -

· The lack of credence on the NFT system as the transactions can be both expensive and slow

· Despite “smart contracts” on the blockchain, its legal enforceability is questionable

· The environmental impact owing to the colossal carbon footprint of blockchain networks

Despite the challenges, NFTs have an immense growth potential that goes beyond the gaming and digital art ecosystem. It can enable brands to come up with new ways for distribution and monetization and also allow companies to delve deeper into DeFi and NFTs as evolved financial services. as the applications and protocols continue to build on this latest tech, its demand in the coming years is sure to surge.

To know more, you can read the article here.

The article by CBI Insights elaborates the journey of NFTs from provenance to its way forward. In reference to the same, the following article briefly demystifies the concept of NFTs and explains where it’s headed in the world of tech.

24 May 2022

1 min read

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