RentaFi makes it easy to arrange rentals and NFT rentals.
What is RentaFi?
RentaFi — a no-collateral NFT rental protocol and platform that allows you to manage NFTs as assets and utilities in the most efficient way. The most effective management is carried out through value, which separates "use" and "exchange".
For rental users, WrappedNFT is minted, denoting the NFT utility. In particular, loan users can improve asset performance by using OwnershipNFT and YieldNFT with external protocols. On the other hand, rental users can use WrappedNFT with the community to lower barriers to entry. These two features allow communities to attract new members and holders.
Thus, NFTs of operational dysfunction in your wallet benefit the community, rent out users, lend out users and provide NFT liquidity.
With RentaFi, the return of rented NFTs is carried out automatically through smart contracts. Thus, the tenant does not need to pay for the NFT return. However, once the NFT lease has started, it is not possible to return the NFT or refund the rent.
Terms of use:
| 1. | Connect your wallet and open the rental page. |
| 2. | Click on the NFT you want to rent. |
| 3. | Set the rent term. |
| 4. | Click "Rent" and if "Transaction was successful" is displayed, you can start renting. |
Lend users have the opportunity to earn passive income without risk. Also, Lend members can improve the efficiency of their assets by managing OwnershipNFTs and YieldNFTs by using external protocols, etc.
Protocol usage examples
Every social media platform has a growing range of NFT-compliant profile pictures. Many NFT collections are posted on Twitter to share their NFTs publicly and connect with other owners. The community will accept you as a member and have the opportunity to get to know you better.
NFT Membership holders enjoy special community privileges and participate in exclusive activities among community members. Rental protocols allow non-owner users to meet their participation needs for host-only events.
Ownership rights to worlds and some spaces in the metaverse are minted through NFT and sold on the market. Lease protocols allow for a model similar to real estate leases in the metaverse.
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