Web Monetization Community

Discussion on: Web Monetization + NFT = ... ?

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Casey Herd • Edited on

Another really interesting idea is to rent your NFT! NFT Rentals: Why VCs Are Backing a Puzzling New Project

"The Ethereum-based project recently facilitated the lending of Stoner Cats, an NFT collection whose holders have access to a library of video shorts, and Animetas, whose holders rented their tokens to give temporary access to a private Discord event."

As ILP is currency agnostic you could rent your NFT and receive payment in whatever currency you want. I wonder how ILP could facilitate the temporary transaction of the NFT as well. @gjhannam23

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Greg Hannam

Yep agree don't see why ILP couldn't.

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Casey Herd

I wonder how that would work from a technical standpoint and would there be any advantages?

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Greg Hannam

I'll leave @ike to take that one.

From a business viewpoint having the ability to flick between any currency is going to be super useful for a globally connected audience.

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Ike

Hi @casey_herd , I think it might be tricky to transact an NFT via ILP; but renting NFTs and making the rental payments via ILP sounds very interesting.

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Radhy Author • Edited on

Would love to see this happens in XRPL anytime soon!

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Casey Herd

Thanks @ike What is it about ILP that makes it really good for payments but not transferring NFTs? Also what about using different blockchains for different layers of the NFT? Sorry if thats very technical and complicated!