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NFT News

Report: NFT Rental Protocol Double Protocol Launches ERC-4907 Standard

July 25, 2022
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Bibyt recently released a research report on the Game Guild. As mentioned in the report, ERC-4907 is about to become the latest standard for Ethereum. Game NFT rental agreement Double Protocol submitted the standard to Etherpad for approval on June 28, and it was approved.

ERC-4907 creates a unified standard for developing in-game rental functionality for games and the metaverse by separating the ownership and utility of NFTs. Simply put, users can lease NFTs in Web3 games and return the NFTs to the owners with just one on-chain transaction.

In the future, Web3 games may natively support rental functions, and rental agreements like Double Protocol may become platforms for users to launch games without initial cost, competing with scholarships provided by game guilds.

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