DKR Partners with Double Protocol
DKR Partners with Double Protocol, DKR will be listed on Double Protocol’s platform for users to rent DKR’s NFTs with $JOY.
DKR is currently being funded by Krust Universe, the global investment arm of Kakao. Their project is led by world-class game developers, game directors, and blockchain developers, from well-known companies such as KRAFTON and PATI games.
How to enable NFT renting? In Double’s model, the process to enable renting can be dividing into three steps.
First, division of property rights to achieve. When renting an NFT, it’s important to make it impossible for ownership rights to be violating by the user in the first place. However, with using ERC-721, it is difficult to extend ownership to both the owner and the renter. In this regard, Double has created a new rental solution, NFT standard ERC-4907, and ERC-5006, that allow the property rights to be split between the owners and the user.
Second, a system of user rights management must be implemented. While a simple registry would be enough for the ownership rights of standard ERC-721 tokens since most will only have one owner, it often isn’t enough to track user rights because there could be multiple users that have access to user rights at different points in time. In this regard, Double advocates the Time NFT Standard, EIP-5007, which adds start and end times in NFTs for the management of usage rights. In the Double protocol called “doNFT”.
Finally, user rights trading can then be enabling.
Through this partnership, DKR will be listing on Double Protocol’s platform for users to rent DKR’s NFTs with $JOY.
Lots of events are scheduling for the month of August.
About DKR
Drawshop Kingdom Reverse is a DAO-based Metaverse with NFT, P2E game. In DKR World, you can create your own NFT draw-machines via Gacha Contract. Enjoy Land Festivals along with other global users, or compete against other users through the strategic operation of your Land. Furthermore, you may create your own 2D dotted Art Galleries, which can be using to decorate your own Land.
About Double Protocol
Double Protocol is an open-source protocol for lending and renting ERC-721 and ERC-1155 NFTs.
