NFT leasing
This a peer-to-peer marketplace where an owner of an NFT can list his NFT on the platform for lease for a set period of time and any Interested buyers can have a temporary ownership of the NFT
Created on 14th April 2024
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NFT leasing
This a peer-to-peer marketplace where an owner of an NFT can list his NFT on the platform for lease for a set period of time and any Interested buyers can have a temporary ownership of the NFT
The problem NFT leasing solves
There are many cases where the entry is restricted for community and is open only to members who hold the ownership of a specific nft. There has been a recent trend in food and gamoing industry regarding this. There are restraunts which instead of traditional memberships ,they offer an NFT membership ,meaning you have access to exclusive perks based on the NFT, But not everyone who wants to enjoy some perks at a restraunt on a vacation would like to buy an nft worth millions for just a week of use. So, we came up with an idea where the owners of the tokens rent out the NFT when they are not using it and earn a buck from it. This is a win-win situation for both the seller and the rentee, The rentee will enjoy the perks while the sellers enjoys a hefty passive income.
Challenges we ran into
I chose Aptos' Move language as my primary language for the smart contract but I was running into a same error repeatedly at the ownership transferring function. As the transfer of ownership is a crucial step and any minute mistakes also may lead to large amount of loss, I switched to solidity as I have better expertise in it and then I was able to compile and deploy my smart contract.
Tracks Applied (1)
NFTs / Social / Gaming
Aptos