Double Protocol Enables NFT Rental for TomoChain-Based Projects
TomoChain partners with Double Protocol to bring a unique NFT standard to the ecosystem that allows for rental function.
As the utility of NFTs grows beyond collectibles and art, the demand to “use” NFTs without having to own them will grow alongside it. We already see this with GameFi guilds model.
Double Protocol is a platform for renting NFTs for use cases such as games, metaverses and anything with utility. It’s at the forefront of gearing for innovation in this space by pushing for new NFT standard like ERC-4907 (extension of ERC-721), which allows NFTs to be rented securely without needing collateral.
Through the partnership, Double Protocol and TomoChain will be able to work hand-in-hand in order to bring rental, utility and NFT financialization to Tomochain projects. Double Protocol will serve projects with use cases for rental, such as NFT based games and metaverse land assets on Tomochain, which will unlock a new vector of growth for those projects.
About TomoChain
TomoChain is a highly scalable and secure blockchain network in mainnet since 2018, taking a community-driven approach to accelerate the mass adoption of web3 applications.
- Powerful by Nature: 2000 TPS, 2-second block time, ~$0 gas fees, EVM compatibility, and enhanced security with built-in randomization mechanism.
- Powered by People: The Proof of Stake Voting (PoSV) consensus allows $TOMO holders to govern the network performance by staking across 150 masternodes. Everyone has a say in TomoChain’s future by voting for proposals through TomoMasterDAO.
- Empowering for Builders: Developer friendly environment, fast-growing ecosystem, extensive support including networking, consultation, marketing, cross-chain, funding, technical support and more.
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About Double Protocol
Double Protocol is an NFT rental platform developed by the same team behind ERC-4907. Double Protocol enables the lending and renting of in-game and in-metaverse NFTs. The protocol is on a mission to deliver a revolutionary NFT rental platform that seamlessly connects NFT owners to prospective NFT renters who wish to leverage these assets for a limited time.
By deploying ERC-4907, Double Protocol is unique in its rental approach by ensuring that NFT ownership rights are separated from usage rights. This concept addresses the challenges associated with some rental services and distinguishes Double Protocol from other rental protocols.
