cryptosharing

Inspiration

There is currently no standardized NFT rentering protocol which greatly hinders the circulation and promotion of NFTs and restricts the value explosion of the NFT-driven metaverse.

What it does

With the vision of creating a sharing economic for metaverse, we attempt to implement an efficient NFT rentering protocol which makes it simple and cost-effective for existing NFT applications to upgrade and enable the value maximization of the spare NFT assets for every holders.

How we built it

We integrate the core functions of NFT rentering and lending through the switch of userContract and ownerContract without a centralized collateral contact, which reduces the usage threshold of common users and makes it strongly bound to each NFT application.

Challenges we ran into

Since the protocol is general and compatible to every NFT projects, the marginal costs of contracts upgrade when adapting to our protocol should be seriously considered.

Accomplishments that we're proud of

We have completed the primary smart contracts of our technology framework.

What we learned

We surveyed the current implementation frameworks of NFT rentering and found it neither user-friendly nor blockchain-native, which makes them ineligible to be a NFT rentering standard. Thus, we redesign a more efficient and lightweight NFT rentering protocol.

What's next for cryptosharing

We are going to implement a NFT data analysis platform based on the NFT rentering and usage data from the NFT projects that integrated our NFT rentering protocol. From the data analysis protocol, we can provide an intuitive price and trading interface for NFT fans, holders, and also projects managers, which implements liquidity accumulation for our protocol. The implementation form will be similar to coinmarketcap.

Built With

• javascript
• nft721
• solidity
• vue