Renfter is building on Skale Network. NFT Utility has become a hot debate in the Web3 ecosystem. NFTs have been adopted in industries such as art, fashion, music, and gaming.
The utility of an NFT refers to the usefulness, profitability, and benefit that it affords its owner. People who may not be able to afford to buy an NFT can “rent” the NFT. They can utilize its functionality, and pay a small percentage to the lender without breaking the bank. Renfter, an uncollateralized NFT renting protocol, is making this possible and building on SKALE! Renfter enables NFT projects to create their own customized uncollateralized NFT renting protocol within the product itself (for example: inside the game). It also protects lenders and their assets. Allows borrowers to participate in the project’s ecosystem without sacrificing the project’s exclusivity. By utilizing the very own technology of programmable blockchains, Renfter created a trustless NFT renting protocol that all parties can trust. Instead of transferring the original token to the renter, as with collateral-based solutions, your NFT stays secure within Renfter smart contracts, which are responsibl...