Blog » Shardeum Announcements » Announcement: Shardeum and Double Protocol collaborate to adopt ERC-4907

Announcement: Shardeum and Double Protocol collaborate to adopt ERC-4907

We are excited to announce that Shardeum and Double Protocol have joined forces to drive the integration and adoption of the ERC-4907 token standard within the Shardeum ecosystem. This partnership aims to accelerate the implementation of NFT rental solutions using ERC-4907 in the Shardeum ecosystem. ERC4907 is an improved extension to ERC271, a custom-built token standard for NFT rental integration pioneered by the Double Protocol team.

By collaborating with Double Protocol, Shardeum can easily expand its NFT ecosystem by utilizing ERC-4907 to deploy and integrate utility NFTs and NFT rental infrastructure. This will also allow NFT gaming projects on Shardeum to access Double Protocol and list their NFT collection on the Double Protocol NFT rental marketplace.

Double Protocol is an NFT rental platform developed by the same team behind ERC-4907. Double Protocol enables the lending and renting of in-game and in-metaverse NFTs. The protocol is on a mission to deliver a revolutionary NFT rental platform that seamlessly connects NFT owners to prospective NFT renters who wish to leverage these assets for a limited time. By deploying ERC-4907, Double Protocol is unique in its rental approach by ensuring that NFT ownership rights are separated from usage rights. This concept addresses the challenges associated with some rental services and distinguishes Double Protocol from other rental protocols. In addition to the existing core products, Double Protocol also offers Web3 Domain Subscription. This service enables ENS domain holders to list and monetize their ENS names by letting other users subscribe to a subdomain name for an agreed fee for a specific period.

In no event shall Shardeum Foundation, “licensor,” its associates, its employees, its contractors, its board members, and its partners be liable for any special, direct, indirect, incidental, exemplary, or consequential damages, expenses, lost profits, lost savings, business interruption, lost information, or any other damages arising out of the use or inability to use the Shardeum blockchain, its layer one technology, its derived or compiled software, or its source code, even if such party has been advised of the possibility of such damages and notwithstanding the failure of essential purpose of any remedy. In no event shall the licensor be liable under any theory of liability, whether in an equitable, legal, or common law action arising hereunder for contract, strict liability, indemnity, tort (including negligence), or otherwise, for damages which exceed $1,000 and notwithstanding the failure of essential purpose of any remedy.

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Last Updated on June 28, 2023

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