NFT Earning Opportunities with Double Protocol
In the midst of the NFT market frenzy, where countless digital tokens find themselves tucked away, unutilized and gathering virtual dust, a beacon of innovation emerges. Enter Double Protocol, the innovative solution that breathes new life into the world of non-fungible tokens.
What is Double?
Double Protocol is a cutting-edge NFT rental platform that revolutionizes the way we interact with in-game and in-metaverse NFTs. It addresses pressing concerns within the NFT rental space, such as how to transfer user rights without surrendering ownership and how to divide an NFT into fractional pieces with specific validity periods. These fundamental questions have found their answers in the form of ERC-4907, the brainchild of Double Protocol.
Building upon the Ethereum blockchain, Double Protocol’s ERC-4907 standard is already endorsed by major industry players like OpenSea and Decentraland. This pioneering standard sets the stage for a transformative paradigm shift, separating ownership from user rights for digital assets. It introduces a game-changing concept: the creation of a time-bound duration during which these user rights can be allocated to another wallet.
Earning with Double:
Through Double Protocol, NFT owners can now lend and rent their digital treasures, creating a source of passive income that breathes new life into their otherwise dormant assets. No longer will NFTs accumulate digital dust in forgotten wallets. Instead, they become valuable resources capable of generating revenue and contributing to a vibrant ecosystem.
Double also introduces a world of possibilities by allowing NFT leases to be sublet into smaller durations, enabling users to maximize their earning potential. Merge two leases into longer-term rentals, explore diverse market opportunities, and tap into a wealth of options for leveraging your NFTs.
Using Decentraland as another example of leveraging the power of Double Protocol, you can lease an estate for a predetermined period, let’s say three months, using an ERC-4907 NFT. As time progresses, the NFT gracefully expires, granting you exclusive temporary ownership of the land. Within this allotted timeframe, the possibilities become boundless.
How to use the Double NFT Rental Protocol?
Getting started with Double is relatively straightforward. Once you have a wallet and Ether to pay for gas, you can begin.
- Head to double.one.
- Click “Explore” in the middle of the page.
- Go to “Connect Wallet,” log into your wallet and allow it to connect to Double.
- The screen will show you all of the rental collections listed on the market.
- Select which you’d like to rent, click “Rent,” fill in the rental period you need, and pay the fee+gas.
- A preview window of the transaction will appear, and you will need to confirm the transaction in your wallet.
- You have now rented your asset and can play in the different rental integrated ecosystems!
The era of NFT earning opportunities has only just begun, and Double Protocol is leading the way towards a future where NFTs become dynamic assets that contribute to personal growth and financial success. Embrace the power of Double Protocol and unlock the true potential of your NFTs.