United States, March 1, 2023 / AlexaBlockchain/ – reNFT, the leading NFT rentals protocol, has announced its launch on Polygon, the leading blockchain development platform. With this launch, reNFT will be providing plug-and-play NFT rental functionality to developers who wish to integrate it into their projects, making it easier for gamers to access the world of Web3 gaming.
With the launch of the reNFT Rentals Protocol on Polygon’s mainnet, developers on Polygon can immediately access and integrate plug-and-play or white-label NFT rental functionality into their apps, projects, and ecosystems. This move is expected to unlock mass-scale Web3 gaming accessibility and more.
reNFT + Polygon = 💜
The launch of reNFT on Polygon will provide a major breakthrough for developers and gamers by allowing them to easily access the NFT rental functionality. Polygon’s thriving ecosystem, characterized by speed, industry-leading security, scalability, and cost, makes it the logical next step to further advance reNFT’s multichain strategy. Polygon’s infrastructure ensures high throughput, easy upgradability, and congestion relief, and gas fees for infrastructure remain predictable, allowing developers to have dynamic tokenomics within their games.
NFT rentals are a key component needed to lower entry barriers and enable mainstream adoption of Web3 games. NFT rentals directly empower players while also opening new economic opportunities for players, digital asset holders, and developers alike. The reNFT protocol boosts game economies by enabling holders of NFT assets to put them to work by renting out NFT assets to use in blockchain gaming experiences, and by enabling new players to experience a game without having to purchase an NFT.
Nick Vale, Founder and CEO of reNFT, said: “Polygon has been a longtime partner since the inception of reNFT and the start of our team’s journey over 2 years ago. We are thrilled to not only be bringing and building the best NFT renting and lending infrastructure possible to Polygon, but to also work closely together with partnered games, projects, and protocols in the ecosystem. With this launch of reNFT on Polygon we will bring new and exciting ways to interact with NFTs to the entire Web3 gaming space!”
Currently, reNFT is live on Ethereum and Avalanche mainnets, supporting in-game asset rentals for a variety of gaming ecosystems such as Castle Crush and Galaxy Fight Club. An initial set of Polygon Web3 games will be launched following this announcement. As the leading protocol for NFT rentals, with the highest transaction volume, reNFT is spearheading the adoption of Web3 and NFTs.
For any developer building their dream game with NFT functionality, the reNFT team is ready to be their partner for a seamless integration of an NFT rental solution to maximize the lifetime utilities and value of their NFTs at scale, while bringing true freedom to players and their assets!
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone, and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted,1.94B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Meta, Stripe, and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
reNFT is the FIRST & ultimate NFT rental protocol for your Web3 project. A multichain protocol and platform that can be white-labeled and integrated into any project to enable collateral-free in-house renting, lending, and scholarship automation!