By utilizing the very own technology of programmable blockchains we created a trustless NFT renting protocol that all parties can trust.
Instead of transferring original token to the renter, as with collateral based solutions, your NFT stays secure within Renfter smart contracts which are responsible for executing all necessary logic.
NFT Renting benefits everyone
For projects and third parties
Ready technology that is easy to integrate saves you development time and money. In addition Renfter also gives you much bigger user base and lowers entry barrier.
Furthermore, your existing users will appreciate additional way of generating passive income.
For NFT holders
Instead having your NFTs sit in your wallets collecting dust, you can turn them into real passive income generators.
And the most beautiful thing is that you can sleep tightly knowing they are completely secure.
What's the problem with collateral based NFT renting?
Collateral is a really poor insurance as it can't guarantee that your NFT will be given back to you once you transfer it to the borrower. You have to blindly trust another person and place your bet on borrower's honesty. Smart contracts are called smart contracts for a reason and thanks to the Renfter protocol you can sleep tight knowing that your NFTs are secure even if you rent them out.
How does Renfter's NFT renting works
Renfter acts as a single source of trust between lenders, borrowers and third parties. By using Renfter you can easily:
Verify ownership and usage rights for NFTs
Anyone can easily verify who is the original owner of the token and who has the rights of using it currently for every NFT that is rented out through our protocol.
Execute token's native functionality
Every custom functionality (NFT Game breeding for example) can be executed at any time. Lenders or projects can blacklist certain functionality before renting in order to prevent unwanted or destructive scenarios.
Get built-in solution for airdrops and rewards
You can think of Renfter as a real contract, any upfront terms set by lenders and renters will be met no matter what. That being said, they can agree on how potential rewards (airdrops for holders, Play2Earn rewards, etc...) are going to be distributed with three options: lender keeps everything, borrower keeps everything or to split with a certain percentage.
SDK/API for easier integration
Renfter partners with SKALE in order to bring zero-gas NFT Renting solution
We are proud to announce our recent partnership with SKALE. Our goal is to bring zero-gas NFT Renting solution to projects building on SKALE and SKALE's community.
Open call for Community Moderators to participate in Renfter Community MOD Challenge
Due to many applications for our MOD position, we decided to make it fair for everyone to demonstrate their skills and prove they have what it takes to be part of the Renfter team. Therefore, we decided to create a Challenge with the following criteria and rules that you must follow on your way to becoming Renfter Discord MOD and receive amazing rewards on the way.
Happy International NFT Day
On behalf of the Renfter team, I would like to wish you all a happy International NFT day — what a crazy year it’s been. So many exciting events, the rise and downfalls of big NFT projects, and the overall growth of our entire industry. All of us can say that we made history and were among the first to set foot on the soil of the wild west called NFT space. Setting alarms at 3 am to mint NFTs and smashing keyboards when we weren’t able to mint them
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