Defeat the crypto bear market with reNFT’s incredible rental protocol
As the NFT ecosystem matures, several distinct personalities become apparent. Some people will jump into any project with a sniff of FOMO. Meanwhile, skeptical types will wonder why they would spend $100 on a photo of a shoe.
So, to unite these two opposing sects, reNFT Pioneered its own lending and borrowing platform that allows collectors to unlock an additional revenue stream with their idle NFTs. At the same time, it Lowers barriers to entry For the cautious type they test the waters without a significant expense.
A barebones rental system for a typical NFT sees the owner set a price, value for collateral and a maximum rental period. Then, from their end, the borrower specifies the rental period, pays collateral and receives NFTs in return. Sitting between the two, reNFT-Escrow manages assets and collateral payments. Thus, at the end of the agreed period, both NFTs and collateral are returned to their rightful owners.
In addition, reNFT also offers a plug in and go option for projects to integrate its powerful system into their platforms. Consequently, a binding smart contract would remove any need for a collateral payment, because NFT Proprietary Binds to original wallet.
Going forward, reNFT has high ambitions to add Polygon, Solana and Avalanche chains to its robust operations, while preparing to launch its own $RENT utility token and DAO governance system. All this and more to come later in the year.
So, if you have an NFT sitting idle in your wallet, power up reNFT and give it a whirl.
Try it for yourself >> here
Want more? Connect to NFT Plaza
Join the weekly newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.
Decentralized human, explorer, adventurer.
https://ift.tt/wDkhRJe
Post a Comment
Post a Comment