March 1, 2023 – reNFT, the leading NFT rentals protocol, has announced its launch on Polygon, the leading blockchain development platform. With this launch, reNFT will provide plug-and-play NFT rental functionality to developers who wish to integrate it into their projects, making it easier for gamers to access the world of Web3 gaming.

With reNFT Rentals Protocol on Polygon's mainnet, Web3 developers can immediately access and integrate plug-and-play or white-label NFT rental functionality into their apps, projects, and ecosystems, unlocking mass-scale Web3 gaming accessibility and more.

reNFT + Polygon = 💜

The launch of reNFT on Polygon will provide a breakthrough for developers and gamers by allowing them to access the NFT rental functionality easily. Polygon's thriving ecosystem, characterized by speed, industry-leading security, scalability, and cost, is the logical next step to advance reNFT's multichain strategy further. Polygon's infrastructure ensures high throughput, easy upgradability, congestion relief, and 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 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 for blockchain gaming experiences and enabling new players to experience a game without purchasing an NFT.

“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!” said Nick Vale, Founder and CEO of reNFT.

Currently, reNFT is live on Ethereum and Avalanche mainnets, supporting in-game asset rentals for various gaming ecosystems such as Castle Crush and Galaxy Fight Club. An initial set of Polygon Web3 games will be launched following this announcement. As the leading protocol for NFT rentals, with the highest transaction volume, reNFT spearheads the adoption of Web3 and NFTs.

For any developer building their dream game with NFT functionality, the reNFT team is ready to partner for the seamless integration of an NFT rental solution to maximize the lifetime utilities and value of their NFTs at scale while bringing true freedom to players and their assets!

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 to some of the biggest Web3 projects, such as Aave, Uniswap, OpenSea, and well-known enterprises, including Meta, Stripe, and Adobe. Polygon is carbon neutral to lead the Web3 ecosystem in becoming carbon negative.

About reNFT

reNFT is the first NFT rental protocol for Web3 projects. 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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Press Contact

reNFT Marketing Team – [email protected]