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reNFTan innovative platform that enables companies to rapidly integrate NFT leasing capabilities, announced this week with unlock — A cross-chain lending protocol powered by NFTs!

Unlockd allows users to make instant loans on NFT assets while maintaining the utility of the collateral. With the “buy now, pay later” technology Unlockd is developing, Users no longer have to wait until the NFT is paid in full and sent to them to benefit from its utility: Liquidity will be drawn from the asset immediately, covering the part of the funds that the user cannot pay, resulting in a loan against the same asset.

But similar to physical assets, Users often don’t want to use the benefit themselves, but offer it to others for a feethink real estate or car rental companies – that’s where this partnership comes in!

Through this partnership, reNFT will allow their users to use their NFTs economically by using reNFT’s groundbreaking leasing solution, even before they gain full custody.

example: Bob wants to buy Rumble Kong League NFT with 2 ETH but only has 1 ETH, Bob uses Unlockd to get additional funds to buy NFT.

Bob can immediately start renting out NFTs to others via reNFT to generate passive income and make repayments.

Unlockd shares reNFT’s vision for an ecosystem in which guilds, investment DAOs, academics, and all agents in Metaverse have access to tools and opportunities to increase efficiency.

The liquidity of NFTs is critical to the development of the industry, and Unlockd has worked closely with the world’s leading guilds to unlock the full value and liquidity of its assets through NFT-backed loans, targeting academics around the world as well.

Now, these guilds and gamers Additional sustainable growth opportunities are also available on top of Unlockd’s solutions through the leasing strategy provided by reNFT.

About unlocking

Unlockd is a decentralized cross-chain protocol that provides democratized NFT liquidity and utility for art, DeFi, Metaverse, the real world, and gaming. Unlockd provides instant lending and enables seamless cross-chain lending, Unlockd borrowers can increase their wealth with NFT-backed loans while maintaining 100% ownership privileges.

website | Twitter | Discord | telegraph | blog

About reNFT

reNFT is a multi-chain NFT leasing protocol and platform that can be white-labeled into any project to automate unsecured internal leasing, lending and scholarships!

website | Twitter | Discord | telegraph | Documentation

Disclaimer: This article is for informational purposes only. It is not intended or intended to be used as legal, tax, investment, financial or other advice.

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