Introdution to RentaFi

About RentaFi

RentaFi is a non-collateral NFT rental protocol and platform that enables to manage of both "Value from Exchanging" (the value generated by their circulation in the market) and "Value from Using" (the value generated by the use of NFTs). Integrating this protocol into the product will maximize the asset efficiency and functionally of NFTs that are dysfunctional in the wallet allowing for on-chain rentals
Currently supported by Mumbai testnet, we are looking to expand into use cases of rental NFT such as PFP, community memberships, access to services, and game items.

NFT Issue and RentaFi's Solution

NFT is used not only to prove ownership of assets, but also in a variety of other situations, such as membership in certain communities, in-game assets, and profile pictures (PFP: picture for proof). On the other hand, the more famous the community and the game, the higher the price of the NFT and the more valuable it becomes as an asset. And, The higher the value of the asset, the more the holder increases the endowment effect and the slower the distribution speed.
RentaFi addresses these challenges by splitting the NFT into "Value from Use" and "Value from Exchange". "Value from Use" is the value that is generated through experiences such as game playing and community participation through NFTs. "Value from Exchange", on the other hand, is the value generated through the circulation of the item, such as scarcity or transaction value. RentaFi issues three types of NFTs at the time of a rental transaction based on a value split: "OwnershipNFT", "YieldNFT" and "WrappedNFT. This will encourage rentals to NFT holders while maximizing profits and minimizing risk, and will allow temporary newcomers to the community, NFT game experiences, and in-game assets for a variety of users. Furthermore, the platform will not only benefit NFT lenders and borrowers, but will also help boost the community by encouraging new contributions to the community.

Mean to RentaFi

RentaFi is coined by combining the words "Rental" and "Finance".
We are trying to create a narrative that uses rentals, not just NFT rental protocols, but by increasing the asset efficiency of those NFTs.
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About RentaFi
NFT Issue and RentaFi's Solution
Mean to RentaFi