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.
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