reNFT Partners With YGG to Drive the Adoption of NFT Rentals in Blockchain Gaming
We are incredibly proud to announce our partnership with Yield Guild Games (YGG), the leading blockchain gaming guild.
Over the past months, we have been working closely with the YGG team to help solve infrastructure scaling and automation issues within their portfolio of gaming companies.
With this partnership, we will continue working closely together to expand our position as the leading NFT rental protocol by providing infrastructure that meets the guild’s requirements for collateral-free in-house renting, lending, and reward-share automation across all blockchains.
We will also work together to directly offer our wide range of NFT renting and lending solutions to a variety of YGG-partnered games across blockchains.
Additionally, we have engaged in a token swap with YGG in which we have exchanged our upcoming $RENT token for $YGG in the amount of $125,000.
Who Is Yield Guild Games? (YGG)
YGG is a play-to-earn gaming guild, bringing players together to earn via blockchain-based economies. YGG has been and continues to be one of the most influential and successful communities in the blockchain gaming industry. With such successes we anticipate that this long-lasting partnership will allow reNFT to collaborate on multiple fronts to drive the adoption of NFT rental infrastructure in the blockchain and web3 space.
Our Vision
reNFT and YGG have many overlapping goals, such as working with new games that are bound to make a splash in the web3 space, as well as developing tools and better infrastructure to allow developers to seamlessly integrate their products onto the blockchain.
Similarly, both reNFT and YGG believe in the power of NFTs, allowing users to purchase, trade, rent, and integrate NFTs into games and ultimately enable ownership of digital assets, and digital property rights.
said Nick Vale, co-founder of reNFT.
reNFT enables YGG scholars to rent NFTs for free through popular web3 wallets, where the rewards generated will automatically be shared between YGG and the scholar according to the pre-agreed reward split. With this, scholars can easily access the NFTs lent by YGG as if the assets lived in their own crypto wallets. This is entirely trustless and automated, solving a major pain point for guilds like YGG.
YGG scholars are currently using the reNFT platform and reward share protocol to rent Castle Crush NFTs on the Avalanche network, automating the entire process.
Projects that want to enable rentals and integrate with reNFT’s SDK have the option to either white-label integrate into their own UI/UX or plug and play using the dedicated collection page front end of the reNFT platform.
reNFT is revolutionizing scholarships and addressing the problems of managing NFTs and payouts manually by introducing automation that will improve the experience of managers within YGG.
We are incredibly excited about this partnership and we look forward to continuing to work closely together with the entire YGG team, portfolio, and communities!
About Yield Guild Games (YGG)
YGG is a decentralized gaming guild that pools investor funds to purchase yield-generating NFTs, and leverages players’ time and effort to optimize its community-owned assets for maximum utility and return. By merging NFTs and decentralized finance (DeFi), YGG’s mission is to create value for its members by developing the content and economy of virtual worlds and blockchain-based games.
For more information about Yield Guild Games, please check out their Website, Discord, and Twitter.
About reNFT
reNFT is the FIRST & ultimate NFT rental protocol for your Web3 project. A multi-chain protocol and platform that can be white-labeled and integrated into any project to enable collateral-free in-house renting, lending, and scholarship automation!
