Renfter is building on SKALE
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 responsible for executing all necessary logic.
Furthermore, renting NFTs benefits both projects/parties and NFT holders. Technology that is ready and easy to integrate saves time and money and is a low entry barrier for the borrower. Lenders can turn NFTs into passive income generators. Renfter’s technology ensures your assets are safe.
“Renfter’s mission to improve NFT infrastructure and the whole space perfectly aligns with SKALE. Being already familiar with technology and the unique approach SKALE has, as soon as SKALEverse was announced. we recognized a key partner with whom we can work together to make NFTs and Web3 mainstream, more inclusive, and user-friendly. Our partnership and the upcoming launch of Renfter on SKALE is just the first step in that direction.” – Petar Popovic, CEO of Renfter
ABOUT Skale Network
SKALE is an Ethereum native, modular blockchain network composed of high-throughput, low-latency blockchains, optimized for the Web3 user experience. SKALE chains offer zero gas fees to end-users. It also has advanced features such as on-chain file storage and interchain messaging. The features also include zero-cost minting, ML/AI smart contracts, and enhanced security features. The SKALE network enables developers to deploy their own EVM blockchain in minutes without sacrificing speed, security, or decentralization.
ABOUT Renfter
Renfter is a Decentralized Uncollateralized NFT Renting Protocol that aims to create an equilibrium between NFT holding & non-holding communities while allowing NFT projects to unlock entire new sets of features in order to help them further grow & scale.
