You Can Now Lend Your NFTs to Gamers and Earn Passive Income
LootRush will let gamers list their NFTs for rent on its marketplace, allowing them to earn passive income for game items like cards and land.
Crypto startup LootRush shared exclusively with Decrypt’s GG that it is launching its NFT rental marketplace this Friday, allowing gamers to list their game NFTs for rent or borrow someone else’s for anywhere from a day to a year.
While LootRush launched in May last year, it’s now offering what it calls “two-sided” NFT rentals on its platform. Gamers can list their own NFTs for rent in addition to borrowing game assets from others, like Axie Infinity’s Axie monsters or digital cards from a game like Gods Unchained.
LootRush supports several blockchains, allowing players to test out NFTs for games on networks like Ethereum’s mainnet, Ronin, Avalanche, Arbitrum, Coinbase’s Base network, Polygon, Immutable, Binance's BNB Chain, and Wemix.
LootRush’s NFT rentals currently work for over 1,000 blockchain games, with NFTs already listed for over 100 titles, according to the company. Renters don’t need cryptocurrency to rent an NFT, and can use their credit cards through the platform’s Stripe integration, the CEO shared.
Ferminiano sees LootRush as being akin to the “Airbnb” of gaming NFTs.
