Gamers and NFT owners have reason to celebrate as LootRush introduces a groundbreaking NFT rental marketplace. This innovative platform allows for the listing and renting of gaming NFTs, from in-game items to digital real estate, providing a new avenue for passive income.
The service boasts compatibility with multiple blockchains, facilitating access to a vast array of games. Anderson Ferminiano, CEO of LootRush, positions the service as an entertainment-focused venture, streamlining the rental process by enabling payments through traditional means like credit cards.
LootRush’s initiative is akin to an Airbnb model for the gaming universe, where users can list their digital assets at suggested rates, typically around 10% of the NFT’s market value for a month’s rent. The platform has already integrated over 1,000 blockchain games, with a significant number of titles available for immediate rental.
Prioritizing user experience, LootRush operates under a custodial model, eliminating the need for renters to understand complex crypto terms like “seed phrases.” It also initially bypasses the need for KYC processes, though this may be introduced later as user engagement increases.
The service ensures security by restricting the sale or transfer of rented NFTs, thus providing a safe environment for users to explore new gaming experiences. With LootRush, the gaming community is poised to expand as the platform lowers entry barriers and enriches gaming experiences with a wider asset pool.
Source: https://decrypt.co/205003/you-can-now-lend-your-nfts-gamers-earn-passive-income
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