NFT rental and mortgage (EIP-2615) Working Group
The Blockchain Game Alliance invites you to participate to a new Working Group on the topic of “NFT rental and mortgage”, run by Kohshi Shiba and involving several member companies from the Blockchain Game Alliance: Blockade Games, Yield Gaming Guild, Delphi Digital and more.
Read more details at https://eips.ethereum.org/EIPS/eip-2615
Simple Summary
This standard proposes an extension to ERC721 Non-Fungible Tokens (NFTs) to support rental and mortgage functions. These functions are necessary for NFTs to emulate real property, just like those in the real world.
How can you help and contribute?
If you have a technical background and want to contribute to the working group, fill out the below form
Apply here to the Working Group
Goal
To make this EIP move forward and help applications to adopt this EIP.
Topics
- How to implement this standard
- If needed, what kind of specs should be added to the EIP(EIP is still in draft status)
- Ideas for NFTs
Abstract
This standard is an extension of ERC721. It proposes additional roles, the right of tenants to enable rentals, and the right of lien.
With ERC2615, NFT owners will be able to rent out their NFTs and take out a mortgage by collateralizing their NFTs. For example, this standard can apply to:
- Virtual items (in-game assets, virtual artwork, etc.)
- Physical items (houses, automobiles, etc.)
- Intellectual property rights
- DAO membership tokens
NFT developers are also able to easily integrate ERC2615 since it is fully backwards-compatible with the ERC721 standard.
One notable point is that the person who has the right to use an application is not the owner but the user (i.e. tenant). Application developers must implement this specification into their applications.
Who is contributing to this Working Group?
Kohshi Shiba(@kohshiba) — Kohshi is the original author of EIP2615. Building Yield project that enables rental and mortgage utilization on EIP2615 tokens. Also building Forecastory, a prediction market protocol on Ethereum.
Ben Heidorn (@cybourgeoisie)— Ben is the CTO and lead developer for Neon District, and have knowledge of the existing NFT standards and can write contracts in Solidity.
Adrian Li (@adrianmcli) — Adrian is the first to make significant edits to EIP2615. Currently an independent developer working on various open-source projects. Formerly at ConsenSys, Truffle, and UMA, holding roles such as Director of Frontend Engineering, Senior Developer, and Tech Evangelist.
Gabby Dizon (@gabush) — Yield Gaming Guild NFT, Cryptoart collector, Project Y
Owl (@OwlOfMoistness) — NFT and Blockchain enthusiast, working on Project Y
Anil Lulla(@anildelphi) — Co-founder and COO at Delphi Digital
Peter Pan (@pet3rpan_) — 1kx, Organiser of Untitled NFT hackathon, member of MetaCartel
Ronan Sandford (@wighawag) — Creator of Etherplay , Buidling Ethernal.World, Mystery.market and Lead Blockchain Architect at The Sandbox
Sebastien Borget (@borgetsebastien) — Co-founder & COO of The Sandbox, gaming virtual world. Building the Metaverse and is also the president of the Blockchain Game Alliance
About the Blockchain Game Alliance
The Blockchain Game Alliance is an organization committed to promoting blockchain within the game industry. Our goal is to spread awareness about blockchain technologies and encourage adoption by highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.
The BGA also provides an open forum for individuals and companies to share knowledge and collaborate, create common standards, establish best practices, and network.
Follow us on Twitter: http://twitter.com/BGameAlliance
Learn more about the BGA: http://www.blockchaingamealliance.org
