5 Use Cases for Renting NFTs | Nick Vale @ reNFT

Nick’s experience across game development, crypto, and technology opened his eyes to a missing key in the NFT space—rental NFTs. In this episode, we’ll cover what rental NFTs are, how they work, and why they’re important. Then we’ll introduce you to five situations where rental NFTs will seriously improve user experiences.  This episode is part of our “WEB3 PODCASTS FOR BEGINNERS” playlist on Spotify. If you're new to web3, click HERE and make sure to hit the + button to add the playlist to your library. If you find the playlist helpful or think we need to add other episodes, please let us know on Twitter (link below). 🤝 HELP US GROW 🤝 Follow/Subscribe to the Web3 Academy Podcast 🔥SUBSCRIBE TO THE WEB3 ACADEMY NEWSLETTER & PRO REPORT  👥 JOIN OUR COMMUNITY ON DISCORD  🐇 Go down the Web3 Rabbit hole with our FREE Web3 Foundations Course ✊ FOLLOW US ON SOCIAL! ✊ 👉 Web3 Academy Twitter 👉 Kyle’s Twitter 👉 YouTube 🚀 SPONSORS 🚀 Lens Protocol: It's time to switch to web3 social with Lens 🎙 GUEST INFO 🎙 Name: Nick Vale Personal Twitter: @nickev123 - https://twitter.com/nickev123 Business Twitter: @renftlabs - https://twitter.com/renftlabs Website: https://www.renft.io/ ⏱ TIME POINTS ⏱ 0:00 - Intro 4:00 - Nick’s web3 rabbit hole story 6:20 - What was the web3 space like back in the day? 7:45 - What is reNFT? 10:45 - NFT rental use cases 13:33 - Use cases for renting gaming NFTs 19:15 - How do NFT rentals work? 28:25 - The future on NFT rentals 31:05 - Castle Crush NFT rentals 36:04 - Renting virtual land 41:58 - Subscriptions 48:51 - CryptoPunk rentals 53:10 - NFT rental space overview 57:00 - Speed round