RENTABLE Is Launching ! Interview with Emiliano Bonassi (Italy’s Top Web3 builder)
Channel: MrJiazi
Date: 2022-05-12

All Links For Rentable - https://linktr.ee/rentableworld
Emiliano's Twitter - https://twitter.com/emilianobonassi

Special Thanks To SPAGHETTETH ITALIAN HACKFEST ! 
https://spaghett-eth.com/

Today
NFTs are quickly becoming a foundational technology that allows users to interact with dApps and metaverses by representing avatars, art, collectibles, game items and generic digital properties.

Right now, users can create, buy or sell NFTs using dedicated marketplaces at prices that are extremely fluctuating and, given the illiquid nature of the market, very difficult to discover. Thus, NFTs holders willing to make profits from their assets can either sell their NFTs at risk or wait, without generating any yield, until a given desired price is met.

Moreover, metaversers and blockchain-based games often require new users to own a set of NFTs as a precondition to join the platform. This can limit the audience of these platforms since the entry level price of NFTs can be prohibitive for many potential new users.

The Rentable approach
Rentable solves these problems by shifting this paradigm by allowing users to rent assets instead of borrowing them. In other terms, Rentable enables users to open no collateralized loans by simply paying the borrowing interests. Rentable provides:

No Entry Barrier for Renters. 
Renters don’t need to deposit any collateral, they pay just the rental which is equivalent to paying only the borrowing interest in a traditional loan. For example, renting a multi-million dollar valued game item or metaverse land could cost a user only 0.1 ETH per day without being required to invest an initial capital or deposit any collateral. (IRL, imagine if to rent a flat you would need to deposit a guarantee higher than the value of the flat)

New Opportunities and Low Risks for Owners. Owners are not restricted anymore to realize profits only by selling NFTs, with Rentable they can rent them to other users and continue to own the assets during the rental. The NFTs stay locked in the Rentable smart contracts and owners can withdraw them at the end of the rental period (but not during it).

Natural Price Discovery and Market Efficiency. NTFs redefine scarcity and digital ownership but this doesn’t have to be economically inefficient. Rentable brings efficiency on scarcity offering a natural price discovery mechanism via rentals. Rentals become a new source of demand and the utility of the asset starts to play a major role in its price. Buyers are not anymore the only source of demand in the NFT market.

More liquidity, same scarcity. Rentable enables users other than owners to access NFTs which increases utilization by rentals keeping the same level of scarcity, i.e. capital efficiency without diluting supply.

Kindly enjoy!

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