After months of development, we’re thrilled to announce that reNFT is now live on Polygon!
With the launch of The reNFT Rentals Protocol on Polygon’s mainnet, Polygon developers can immediately access and start integrating plug-and-play or white-label NFT rental functionality into their apps, projects, and ecosystems to unlock mass-scale Web3 gaming accessibility and more.
reNFT + Polygon =
Thanks to Polygon’s thriving ecosystem and outstanding characteristics, such as speed, industry-leading security, scalability and costs, we believe this is the next logical step to further advance our multichain strategy. Its infrastructure ensures high throughput, easy upgradability, and congestion relief. In addition, gas fees for infrastructure remain predictable, allowing developers to have dynamic tokenomics within their games.
NFT rentals are a key component needed to lower entry barriers and enable mainstream adoption of Web3 games. NFT rentals directly empower players, while also opening new economic opportunities for players, digital asset holders, and developers alike. The reNFT protocol boosts game economies by enabling holders of NFT assets to put them to work by renting out NFT assets to use in blockchain gaming experiences, and by enabling new players to experience a game without having to purchase an NFT.
Currently, reNFT is live on Ethereum and Avalanche mainnets, supporting in-game asset rentals for a variety of gaming ecosystems such as Castle Crush and Galaxy Fight Club. We are thrilled to be launching an initial set of Polygon Web3 games following this announcement, stay tuned. As the leading protocol for NFT rentals, with the highest transaction volume, reNFT is spearheading the adoption of Web3 and NFTs.
For any developer building their dream game with NFT functionality, our team is ready to be your partner for a seamless integration of an NFT rental solution to maximize the lifetime utilities and value of your NFTs at scale, while bringing true freedom to players and their assets!
“Polygon has been a longtime partner since the inception of reNFT and the start of our team’s journey over 2 years ago. We are thrilled to not only be bringing and building the best NFT renting and lending infrastructure possible to Polygon, but to also work closely together with partnered games, projects, and protocols in the ecosystem. With this launch of reNFT on Polygon we will bring new and exciting ways to interact with NFTs to the entire Web3 gaming space!”
– Nick Vale, Founder and CEO of reNFT
About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone, and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted,1.94B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Meta, Stripe, and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.
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About reNFT
reNFT is the FIRST & ultimate NFT rental protocol for your Web3 project. A multichain protocol and platform that can be white-labeled and integrated into any project to enable collateral-free in-house renting, lending, and scholarship automation!
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