Defy the Crypto Bear Market with reNFTs Incredible Renting Protocol

As the NFT ecosystem continues to mature, many distinct personalities become apparent. Some people apes on projects given with the slightest scent of FOMO. On the other hand, the skeptical type will wonder why they have to spend hundreds of dollars on shoe photos.

Therefore, to bring these two conflicting communities together, reNFT Has pioneered a unique lending and borrowing platform that allows collectors to unlock additional revenue streams via idle NFTs.At the same time, it Lower barriers to entry For a cautious type as they test water at no significant expense.

In a typical NFT minimum rental system, the owner sets the price, the value of the collateral, and the maximum rental period. The borrower then specifies the rental period from the end, pays the collateral and receives the NFT in return. Sitting between the two, reNFT-Escrow manages asset and collateral payments. Therefore, at the end of the agreed period, both the NFT and the collateral will be returned to the legitimate owner.

In addition, reNFT also offers plugin-and-go options for projects to integrate powerful systems into the platform. As a result, binding smart contracts remove the requirement for collateral payments. Ownership of NFT It remains associated with the original wallet.

Going forward, reNFT has a strong ambition to add the Polygon, Solana and Avalanche chains to its powerful operations while preparing to launch its own $ RENT utility token and DAO governance system. All of these and more will arrive later this year.

Therefore, if the NFT is sitting idle in the wallet, turn on the reNFT and rotate it.

Try it for yourself >> here

Want more? Connect with NFT Plaza

Participate in the weekly newsletter
Participate in our discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.

Decentralized humans, explorers, adventurers.