Posted on May 3, 2023, 2:31 p.m.

RNTD Soft Launch on Ethereum: Revolutionizing NFT Rental with a Decentralized and Collateral-Free Marketplace

Welcome to the exciting world of RNTD! We are thrilled to announce the soft launch of our revolutionary NFT rental marketplace on the Ethereum network, which allows users to rent out and borrow unique digital assets without needing collateral. Built on blockchain technology and powered by smart contracts, RNTD offers a trustless system for NFT rentals, providing a fast, secure, and seamless experience for NFT renters and owners alike. This innovative solution bridges the affordability gap in the NFT economy and brings true value accessibility to all.

RNTD soft launch

As a technology company specializing in blockchain, artificial intelligence (AI), web, and custom software solutions, Audteye is proud to offer RNTD as part of our overall mission to develop smart, reliable, and innovative products and services. RNTD can disrupt the NFT market and democratize everyone's access to unique digital assets.

In this blog, we'll explore the critical features of RNTD, how it fits into Audteye's overall goals, and what you can expect from the soft launch. So sit back, relax, and get ready to discover the future of NFT rental with RNTD!


What is RNTD?

RNTD is a fully decentralized and collateral-free NFT rental marketplace for Metaverse, Club Memberships and Seasonal tickets. It provides a fast, secure, and seamless experience for NFT renters and owners alike. With RNTD, users can quickly find the NFTs they're looking for, securely rent them for the desired period, and get back to using their NFTs in no time.

RNTD is a platform built on blockchain technology and powered by smart contracts. This innovative platform allows NFT owners to securely and transparently lease out their NFTs in a trustless system, enabling them to generate income without sacrificing permanent ownership. Renters can temporarily use the NFTs without the ability to sell them. With RNTD, all transactions are tamper-proof, providing peace of mind to both owners and renters.

Until recently, the option to rent out NFTs was not available, as NFTs represent ownership rather than temporary access to an asset. RNTD aims to resolve this issue by providing a platform and solution for easy and trustless NFT rentals. The platform provides a marketplace for NFT rentals, where owners and renters can easily find each other. It also provides a trustless system for NFT rentals, where smart contracts ensure that the NFT is returned in the same condition as when it was rented out.


How RNTD Works

RNTD offers a streamlined and secure process for renting and lending NFTs. Here's how it works:

 1) NFT Listing: NFT owners can easily list their assets for rent by syncing their Metamask wallet and selecting the NFT to lend. They set the asking rate and duration for the rental.

 2) Acceptance: Renters can browse available NFTs and accept the asking rate. Once agreed upon, the smart contract is executed and irreversible.

 3) Payment & Transfer: The smart contract automatically acquires the asset from the renter’s wallet once the payment is completed.

 4) Settlement: The owner receives their full payment upfront minus fees.

 5) Locking & Validation: The smart contract ensures owners cannot sell, transfer, or list their assets elsewhere while renting. The renter can verify their temporary ownership.

 6) Contract Maturity: At the end of the rental agreement, the asset is unlocked, and the owner can recall it.

With this straightforward and secure process, RNTD enables NFT owners to earn money from their assets without giving up permanent ownership while providing renters access to unique and valuable digital assets without purchasing them outright.


How RNTD Works


RNTD's Soft Launch

During this soft launch phase, we proudly announce that RNTD is being launched on the Ethereum network. We work diligently to ensure the platform runs smoothly and effectively on this blockchain technology. We will gather user feedback to identify and address any issues or concerns specific to the Ethereum network. Our goal is to provide an exceptional experience for all our users, and this soft launch will help us achieve this goal.

At this stage, we invite our community and companies, entrepreneurs, and investors to join us in this exciting journey. We are open to exploring partnerships and investment opportunities that align with our vision for the future of NFT rentals. Additionally, we welcome white-label requests from businesses interested in licensing our technology to create their own NFT rental platforms.

We encourage everyone to explore the platform on the Ethereum network and share your feedback and suggestions with us. Your feedback will play a crucial role in shaping the future of RNTD on this blockchain. We are excited to leverage the benefits of Ethereum to provide a trustless system for NFT rentals, providing a fast, secure, and seamless experience for NFT renters and owners alike.

We want to thank our team and community for their unwavering support in making this soft launch on Ethereum a reality. We are excited to take this next step in revolutionizing the NFT rental industry on this blockchain, and we invite you to join us on this journey. Stay tuned for more updates on RNTD's development and progress.


RNTD and Audteye's Mission and Goals

RNTD's soft launch on Audteye's platform is an exciting new development for NFT rental and a reflection of Audteye's commitment to innovative and decentralized solutions for the blockchain industry.

Audteye's mission is to enable businesses to leverage emerging technologies like blockchain and AI to solve complex problems and improve their operations. Audteye empowers businesses to stay ahead of the rapidly evolving tech landscape by providing custom software solutions and consulting services.

RNTD fits perfectly into Audteye's overall mission and goals by offering a cutting-edge solution to the NFT rental market. With its decentralized platform, RNTD provides a reliable and accessible way for NFT owners to generate revenue from their assets without needing collateral. At the same time, NFT renters can temporarily own high-value assets without the prohibitive cost of permanent ownership.