reNFT, the leading NFT rentals protocol, has announced its launch on Polygon, the leading blockchain development platform. 

“After months of development, we’re thrilled to announce that reNFT is now live on Polygon!‍” reNFT Labs stated.

According to their statement, with this launch, reNFT will be providing plug-and-play NFT rental functionality to developers who wish to integrate it into their projects, making it easier for gamers to access the world of Web3 gaming.

With the launch of the reNFT Rentals Protocol on Polygon’s mainnet, developers on Polygon can immediately access and integrate plug-and-play or white-label NFT rental functionality into their apps, projects, and ecosystems. This move is expected to unlock mass-scale Web3 gaming accessibility and more.

reNFT further expresses its appreciation towards Polygon saying, “Thanks to Polygon’s thriving ecosystem and outstanding characteristics, such as speed, industry-leading security, scalability and costs, we believe this is the next logical step to further advance our multichain strategy. Its infrastructure ensures high throughput, easy upgradability, and congestion relief. In addition, gas fees for infrastructure remain predictable, allowing developers to have dynamic tokenomics within their games.”

NFT rentals are a key component needed to lower entry barriers and enable mainstream adoption of Web3 games. NFT rentals also directly empower players while opening new economic opportunities for players, digital asset holders, and developers alike.

The reNFT protocol boosts game economies by enabling holders of NFT assets to put them to work by renting out NFT assets to use in blockchain gaming experiences, and by enabling new players to experience a game without having to purchase an NFT.

Nick Vale, Founder, and CEO of reNFT commented on the new partnership saying, “Polygon has been a longtime partner since the inception of reNFT and the start of our team’s journey over 2 years ago. We are thrilled to not only be bringing and building the best NFT renting and lending infrastructure possible to Polygon but to also work closely together with partnered games, projects, and protocols in the ecosystem. With this launch of reNFT on Polygon we will bring new and exciting ways to interact with NFTs to the entire Web3 gaming space!”

Currently, reNFT is live on Ethereum and Avalanche mainnets, supporting in-game asset rentals for a variety of gaming ecosystems such as Castle Crush and Galaxy Fight Club. An initial set of Polygon Web3 games will be launched following this announcement. As the leading protocol for NFT rentals, with the highest transaction volume, reNFT is spearheading the adoption of Web3 and NFTs.