After each NFT project matures, it is difficult for new players to access, especially some high-value NFTs. For users who hold high-value NFTs, NFTs are not well utilized. Compared with real life, we can lease out the assets and get a profit. So Rental NFT is so important in Metaverse or NFT-Game projects.
Existing technical solutions can only support collateral-rent on flow. This means that renting an NFT needs a large amount of collateral. But the flow is not a good way to implement collateral-free rent. The cadence is a strong resource-type language. The resources held are difficult to enforce transfer or destroy.
so we propose a new protocol to accomplish the goal. we provide a new user-NFT contract that the NFT owner can invoke user-NFT contract to create user-NFT.The user-NFT contract detail are as follows:
Through this protocol, you can create a rental marketplace to help rent NFT. The rent-marketplace process is as follows:
This protocol adds a new right of Non-Fungible Token that the right to use. Through this protocol, you can achieve :
- Separation of the right to use and ownership of Non-Fungible Token
- Non-secured lease Non-Fungible Token
- You can continue to use it after you mortgage the Non-Fungible Token
- Metaverse sharing economy
It is precise because of the separation of ownership and uses right that the utilization rate of assets can be greater. You must distinguish between the rights of the user and the owner.