What is Renfter? Renfter is an NFT rental platform on Ethereum that makes it possible for users to rent NFTs without collateral. So what’s special about this project? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can learn about Double Protocol and reNFT through the following articles to gain more perspective on the NFT rental market.
- What is Double Protocol? Overview of Double Protocol cryptocurrency
- What is reNFT? Overview of reNFT cryptocurrency
What is Renfter?
Overview of Renfter
Renfter is an NFT rental platform on Ethereum that makes it possible for users to rent NFTs without collateral. Renfter’s aim is to create a balance between NFT holding and non-holding communities while allowing NFT projects to unlock new features that help the project grow and scale further.
According to Renfter, the mortgage acts as the lessor’s insurance. However, it cannot guarantee that the NFT will be returned to the lessor after the rental period expires. In other words, the lessor must “blindly” trust the renter that they will return the NFT after the rental period.
So Renfter uses smart contracts to create a leasing protocol that does not rely on collateral as insurance and will act as a single source of truth. The protocol will ensure that pre-decided terms and agreements between landlord and tenant are met at all times.
Renfter’s mechanism of action
Renfter’s operating model is quite simple and takes place according to the following steps:
- Step 1: NFT owners can submit their NFTs to the platform and offer different terms such as: Rental price, rental time, gaming profit sharing (gaming profits from renters will be shared 1 part back to the NFT owner),…
- Step 2: Tenants search for suitable NFTs on the Renfter platform and confirm rental period, rental price, etc.
- Step 3: After the rental payment is transferred to Renfter’s smart contract. Tenants can use NFTs to participate in earning profits in the respective game.
What is the Renfter difference?
Renfter offers solutions that give renters complete control and security of their assets by whitelisting any custom functionality for the NFTs they choose to rent. This way, renters only have access to specific functions, preventing them from using up key or bonus features during the rental period.
Core Team
Petar Popovic : CEO & Founder
- He joined Round Globe Technologies company as Frontend React Developer in November 2017.
- After that, he decided to quit his job and join CBANC company as Senior Full Stack Engineer from September 2020.
- He also holds an Ethereum developer certificate from ConsenSys.
- In March 2022, he joined Renfter and became Founder & CEO at Renfter.
Cedomir Rackov : CTO & Co Founder
- He graduated with a bachelor’s degree in science and software engineering from Metropolitan University.
- He has been a Wed developer at VFF Multimedia Workshop since March 2015.
- In October 2016, he joined Round Globe Technologies company as a Software Engineer.
- In July 2019, he joined CBANC company as Development Team Lead.
- After that, he decided to quit his job and join Renfter and hold the role of CTO from July 2021.
Miloš Rakčević : Co Founder & Head of Business Development
- He has worked at Trading 212 as Account Manager since May 2016.
- In October 2019, he joined Dumeno as Chief Executive Officer.
- In November 2021, he decided to quit his job. After that, I participated in many projects in a short period of time such as: Arbitrix, NFT Belgrade,…
- In March 2022, he joined Renfter as Co-founder & Head of Business Development.
Investor
Update…
Tokenomics
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Information Channel of Renfter Project
- Website: https://renfter.com/
- Twitter: https://twitter.com/renfter
- Medium:
summary
Renfter creates an NFT rental marketplace that connects NFT owners and gamers. NFT owners can rent NFTs for free while gamers solve the capital problem when participating in the game. Above is all the information I want to introduce about Renfter, hope everyone has interesting and useful knowledge.