By integrating a new NFT rental service into the game, Trava.Finance hopes to cooperate with GameFi platforms to provide a peer-to-peer NFT rental marketplace for players.
The Trava NFT rental business is a first-of-its-kind fusion of Decentralized Finance (DeFi) and Game Finance (GameFi). It is aimed towards customers who have trouble finding new or rare NFTs. Through lending, the service will enable owners to continue to accrue revenue from dormant in-game digital assets. Borrowers may also use some NFTs for a limited time without making a significant investment, as long as they are not for sale or otherwise need to be purchased.
Players may deposit and offer their extra NFTs for rent on Trava’s pool and peer-to-peer rental marketplace. These NFTs are rented out for a certain length of time for other players to utilize in the game to make money, with the things remaining non-transferable unless the owners expressly allow it.
With the use of blockchain bridging, $TRAVA will be traded between the Binance Smart Chain (BSC) and the Fantom platform, allowing users to make the most of their investments. According to Dr. Minh Nguyen, CEO and co-Founder of Trava.Finance, “TRAVA envisions using lending/borrowing mechanisms to make GameFI accessible to the general public at the lowest possible cost. With the addition of NFT rental services, TRAVA will be one of the first lending protocols to assist game players in earning money without having to spend a significant amount of money on the purchase of in-game NFTs.”