in

NFT REVIEW NEWS reNFT Partners with Unlockd to Bridge TradFi with NFT Rentals


Off the back of its successful investment round which took place last month, NFT renting protocol reNFT is now expanding its non-fungible prowess by partnering with cross-chain NFT lending platform Unlockd. Through the partnership, the gap between TradFi and NFT rentals will be bridged in the most proficient way possible.  

A New Era for Web3 Users

Unlockd is a platform which allows NFT enthusiasts to acquire assets in the easiest way possible. Through its ‘buy-now-pay-later’ technology, users can take out an instant loan against an NFT asset while keeping the utility of the collateral. As with any sort of asset, this means that users can seamlessly acquire a sought-after NFT and then rent it out to instantly generate a passive income. This passive income stream is meant to make repayments effortless.

Although the combination of reNFT’s NFT rental protocol and Unlockd’s NFT liquidity provision will be beneficial to individual users, the partnership has also been formed with the wider Web3 industry in mind. More specifically, reNFT and Unlockd intend for gaming guilds, scholars, investment DAOs,  and all other agents of the metaverse, to profit from the collaboration through its provision of NFT liquidity.

The solution will enhance the company’s asset utilization in both the short and long run, and help devise sustainable growth opportunities which trump the current bear market.

A Cross-Chain Protocol

In addition, Unlockd’s services are not bound to to just one blockchain, nor one area of Web3. This means that enthusiasts of art, DeFi, the metaverse, and gaming, can all benefit from its cross-chain protocol to compound their wealth with NFT-backed loans whilst maintaining 100% of ownership perks.

Paired with reNFT’s white label integration, collateral free in-house renting, and scholarship automation, this means that the partnership will provide a whole wealth of liquidity that will transcend any Web3 borders.

Follow reNFT >> Twitter 

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote

Written by NFT REVIEW MARKET

I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.

Comments

Leave a Reply

NFT REVIEW NEWS Exclusive Insights from Decentraland Creators: Metafox Crew

Crypto Alerts Noticias Criptomonedas Bit2Me dará bitcoin a quienes realicen staking con su token