We are thrilled to announce that StreamNFT, a protocol designed to enable collateral-less loans, escrow-less loans, and time/used based access, has partnered with SparqNet, the meta-network renowned for its superb network speed (of up to 400k TPS), scalability, composability, language-agnosticism and cross-chain bridging.
This collaboration promises to revolutionize the realm of NFT loans and rentals, by seamlessly integrating the functionality of both platforms to deliver unparalleled efficiency and user experiences and bring about a paradigm shift in the realm of NFT loans and rentals.
The partnership stems from a mutual desire to enhance the potential of NFTs and expand their utility across various sectors, particularly in the DeFi landscape. Both SparqNet and StreamNFT are deeply committed to pushing the boundaries of what is possible with NFTs.
StreamNFT has already significantly advanced the flexibility and accessibility of NFT use, enabling a host of applications from NFT rentals to P2P loans and token-gated access. By teaming up with SparqNet, they aim to further improve the efficiency and scalability of these operations, opening up new avenues for user interactions and transactions.
The StreamNFT and SparqNet partnership brings together the cutting-edge protocol of StreamNFT, capable of providing collateral-less and escrow-less loans, with the ultra-high-speed and scalability of SparqNet, ushering in a new era of efficiency in DeFi transactions and NFT interactions.
StreamNFT will leverage the strengths of SparqNet’s infrastructure by integrating their advanced protocol with SparqNet’s high-speed meta-network (of up to 400k TPS — the fastest blockchain speed available today), thereby facilitating faster, smoother and more efficient transactions, benefiting all users of StreamNFT’s diverse features.
Additionally, the composability of SparqNet allows StreamNFT to effectively interact with other protocols, thereby fostering an environment conducive to innovation and the creation of complex financial products within the DeFi ecosystem. SparqNet’s language-agnosticism further eases the integration process, making it easier for StreamNFT to adapt to various programming languages and development environments.
Importantly, the cross-chain bridging functionality of SparqNet provides StreamNFT with a unique opportunity to operate across multiple blockchains. This feature aligns perfectly with StreamNFT’s ambition to democratize access to its unique loan and rental services, ensuring that users across various blockchain networks can benefit from its offerings.
All in all, StreamNFT’s innovative approach to enabling collateral-less and escrow-less loans and time/used-based access dovetails perfectly with SparqNet’s high-speed, scalable, composable, language-agnostic, and cross-chain bridging capabilities. The result is a harmonious fusion of technologies that augments the strengths of both entities, thereby setting a new standard in the world of DeFi and NFTs.
About StreamNFT:
StreamNFT is building a scalability layer for NFTs to maximize liquidity & utility for a more accessible Web3 future. It enables liquidity with its composable protocols (i.e. P2P Rent, P2P loan, Staking) deployed across chains to facilitate value transfer and add utility to existing NFT collection with its utility protocol.
Website: https://streamnft.tech/
LinkedIn: https://www.linkedin.com/company/streammoney/
Docs: https://docs.streamnft.tech/
Twitter: https://twitter.com/Streamnfthq
Discord: discord.gg/MAzRF4YFjR
About SparqNet:
Sparqnet is an SDK toolchain that acts as a protocol and allows users to build scalable fast blockchain infrastructure in C++ without relying on any VM, thus erasing the EVM dependency and granting total freedom to both web2 and web3 builders.
If you are interested in building with SparqNet please get in touch here: https://bit.ly/build-on-testnet
Website: https://sparq.network
Twitter: https://twitter.com/SparqNet
Discord: https://discord.gg/VMKrxF7vwu
Telegram: https://t.me/SparqOfficial
Telegram Announcements: https://t.me/s/Sparq_News
Medium: https://medium.com/@SparqNet
