Renting an NFT is just like renting a car - you pay upfront to hold/use it for a pre-determined amount of time after which you return it. With digital assets like NFTs, smart contracts handle all of the logistics.
When you rent an NFT via Cardinal’s protocol, you pay the lister-specified fee, and it is transferred to your wallet and frozen for the duration of the rental. Once the time elapses, it is revoked out of your wallet and returned to the owner.
You’d rent an NFT for the same reason you’d rent anything else - there is some measurable value to holding it, even if just temporarily. It might be a gaming asset that gives you access to a special tournament or quest, a sniper bot that helps you snatch an NFT from a newly listed collection, or a PFP that gets you access to a DAO or IRL event. As the NFT market continues to consolidate and utility becomes the norm, demand for rentals will only increase
Not only was it the first, but Cardinal’s rental protocol is the only truly on-chain, escrow-less, and collateral free solution for renting NFTs on Solana. It leverages our flagship conditional ownership technology to provide a seamless and bulletproof experience for projects and their holders.
With over 40k rentals processed to date, the system is battle tested and being trusted by more and more users everyday.
Please reference the pricing section
for information about setup and usage costs.
Simply fill out our configuration intake form
, and we will add your marketplace to the platform in just a few days!