Rikkei Finance
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Rikkei Finance

Introducing NFT Indexing — An excellent solution for NFT listing

NFT rentals on RiFi NFT Marketplace provide numerous benefits for both renters and asset owners. On the one hand, renters can use or experience a certain NFT for a brief time without actually having to purchase it. On the other hand, asset owners can list NFTs for rent on the platform to create a substantial profit.

However, asset owners may not be able to list NFTs since they cannot find their assets in the “My NFTs” section when coming to the marketplace. They may be unable to use filters for game or property searches, and their attributes cannot be altered. This is because the NFT collection developers or GameFi platforms, the ones that created the assets, have never indexed them previously. In that case, NFT Indexing is required.

NFT Indexing is a process that reads, recognizes, and displays NFTs on users profiles, then allows asset owners to list NFTs on the Marketplace.

NFT Indexing Packages

There are 4 NFT Indexing Packages, with each supporting different functions depending on the actor.

NFT Indexing Package 1

This package is exclusively available to asset owners. They can self-index assets before listing them on the marketplace without the involvement of NFT collection owners or creators. All they need is a smart contract address, which should already define the Token URI’s IPFS or API and most likely follows the JSON metadata standard. The Marketplace platform will then automatically recognize their assets. NFTs will appear under the “Other” grouping after listing and cannot be filtered.

Aside from the NFT Indexing Package 1 for asset owners to self-service, there are three other packages that provide even greater functionality to Marketplace users. From NFT Indexing Package 2, collection owners or creators must participate in the process to bring the functions and benefits to users — game group filter, advanced search, filtering, and attribute update functions.

NFT Indexing Package 2

After recognizing NFTs in connected, NFT Indexing Package 2 allows users to list and have NFTs grouped by the collection’s name and can apply this filter to the marketplace listings. The listing type filters those listings with a single NFT or a combi-NFT listing.

NFT Indexing Package 3

After recognizing NFTs in connected, NFT Indexing Package 3 allows users to list and have NFTs grouped by the collection’s name. Also, Advanced Filtering will be available, filtering NFT on particular attributes.

NFT Indexing Package 4

After recognizing NFTs in connected, NFT Indexing Package 4 allows users to list and have NFTs grouped by the collection’s name. Also, Advanced Filtering will be available, filtering NFT on particular attributes. The attributes of the NFT will be updated upon listing or re-listing to the marketplace.

Elpis Battle — NFT Indexing Case Study

We’d like to share the case study of Elpis Battle’s NFT Indexing experience. Elpis Battle, a Turn-based RPG NFT Game developed on the BNB Chain, was one of the first GameFi partners to successfully deploy NFT Indexing on RiFi NFT Marketplace. Elpis completed NFT Indexing Package 3 so that its community may already see their assets in the “My NFTs” section and list them on the Marketplace, with comprehensive attribute filtering provided.

To Conclude

We have gone through all of the basics of NFT Indexing and how it influences rental listings on RiFi NFT Marketplace. Asset owners can index NFTs themselves or recommend NFT owners or creators to adopt enhanced NFT Indexing packages in order to obtain more filtering functions.

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Rikkei Finance

Rikkei Finance

Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace; with a focus on NFT rentals and NFT based lending and borrowing.