Charged Particles Partners With ReNFT For NFT Lending & Rentals
At Charged Particles we are obsessed with finding new and innovative ways to leverage NFTs. We believe folks should be able to do more with their NFTs; whether that means depositing digital assets and other NFTs inside them; enabling NFTs to be programmable, time locked, or interest-bearing; or one of the many other innovative use cases we’ve developed so individuals can get more value from their NFTs.
That’s why we’re excited to be partnering with ReNFT to explore integrating their technology with our Charged Particles protocol. ReNFT enables NFTs to be rented out to other individuals. This is an innovative application that is relevant in many verticals within the NFT space including gaming, the metaverse, and DeFi.
Use Cases We’re Exploring
- Gaming: enable individuals to earn money renting out their in-game items
- Metaverse: rent out virtual real estate for a variety of reasons including events, parties and more
- DeFi: enables products like our Lepton NFTs (yield-multiplier NFTs) to be rented out when not being utilized
Initially, our focus will be on integrating Charged Particles NFTs with the ReNFT protocol. Beyond that, we’ll continue to add platform and product specific support for a variety of NFT verticals.
ReNFT brings the power of the sharing economy to the NFT space and out of this comes many exciting use cases that earn people money from the valuable NFT items that are sitting idle on their digital ‘shelves’.
Why We’re Excited
“In partnering with ReNFT we are giving our community a simple way to earn income from Charged Particles NFTs that otherwise may sit idle and unused. The ability to earn passive income by renting out idle NFTs will add immense value to the ecosystem — very excited about the potential applications of our partnership!”
Ben Lakoff, Co-Founder of Charged Particles
“We are very excited to introduce NFT rentals into the Charged Particles ecosystem. Their entire team have been pushing NFT technology and utility forward and we are proud to be aligning with their innovative products. We can’t wait to see what the future integrations hold!”
Nick Vale, Co-Founder of reNFT
About Charged Particles
Charged Particles is a protocol that allows users to deposit ERC-20 tokens(ANY tokens) into an NFT. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.
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