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NFT Renting Protocol ReNFT Completes $1.5 Million Seed Round Financing Led By Animoca Brands
Summary: According to Coindesk, ReNFT, an NFT renting protocol, has completed a $1.5 million seed round of financing, led by Animoca Brands, with participation from Lattice Capital, Play Ventures, MetaCartel Ventures, Scalar Capital, LongHash Ventures, SkyVision Capital, Fedora Capital, and Maeve Ventures. ReNFT is a point-to-point NFT lease agreement that provides NFT owners with a way ...
According to Coindesk, ReNFT, an NFT renting protocol, has completed a $1.5 million seed round of financing, led by Animoca Brands, with participation from Lattice Capital, Play Ventures, MetaCartel Ventures, Scalar Capital, LongHash Ventures, SkyVision Capital, Fedora Capital, and Maeve Ventures.
ReNFT is a point-to-point NFT lease agreement that provides NFT owners with a way to monetize the proceeds without selling the underlying assets. After determining the daily lease price and the maximum lease term, lenders can send the NFT to the smart contract. Borrowers enter the time they want to "own" the NFT, pay the lease cost and the collateral, and once the NFT is returned, the collateral will be returned too.
ReNFT believes that the future of its lending agreement will extend to Metaverse, where users can rent out their games to earn projects, intellectual property, and even digital real estate.
Tags: animoca brands,Lattice Capital,MetaCartel Ventures,NFT,Play Ventures,ReNFT,Scalar Capital
Link: NFT Renting Protocol ReNFT Completes $1.5 Million Seed Round Financing Led By Animoca Brands [Copy]
