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reNFT partners with Unlocked to Bridge TradeFi with NFT rentals

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On the back of its successful investment round last month, NFT rental protocol reNFT is now expanding its non-fungible expertise through a partnership with cross-chain NFT lending platform Unlockd. Through the partnership, the gap between TradFi and NFT fares will be bridged in the most efficient way.

A new era for Web3 users

Unlocked is a platform that allows NFT enthusiasts to acquire wealth in the easiest way possible With its ‘buy-now-pay-letter’ technology, users can take an instant loan against an NFT asset while maintaining the utility of the collateral. As with any type of asset, this means that users can seamlessly acquire a sought-after NFT and then rent it out to generate a passive income instantly. Paying this passive income stream is effortless.

Although reNFT’s combination of NFT rental protocol and Unlockd’s NFT liquidity provision While beneficial to individual users, the partnership is also designed with the larger Web3 industry in mind. More specifically, reNFT and Unlockd gaming guilds, scholars, investment DAOs, and all other agents of Metaverse, to benefit from cooperation through the provision of NFT liquidity.

The solution will enhance the company’s asset utilization in the short and long term and help create sustainable growth opportunities that overcome the current bear market.

A cross-chain protocol

Additionally, Unlockd’s services are not tied to just one blockchain, nor to a single domain of Web3. This means that industry enthusiasts, DeFi, Metaverse and gaming, can all benefit from it Cross-chain protocol to combine their assets with NFT-backed loans while retaining 100% of the ownership benefits.

Coupled with reNFT’s white label integration, collateral free in-house rental, and scholarship automation, this means that the partnership will provide a full wealth of liquidity that will cross any Web3 boundary.

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*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.



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