Decentraland LAND owners can lease their virtual properties to tenants through Double Protocol, a decentralised and NFT rental protocol for the metaverse, who can turn them into malls, offices, entertainment centres, or other structures. Renters just need to pay the rental fee for the NFT they are renting when using Double’s solution. The $10,000 Decentraland DAO community award will be used by Double Protocol to continue creating initiatives that will help the platform and its users. The “Market” contract and the “doNFT Factory” contract are the two main smart contracts that power the Double NFT Rental Protocol. While the “Market” smart contract manages all NFT rentals, the “doNFT Factory” smart contract introduces new NFT contracts to the platform. The team behind the initiative consists of a fairly broad group of individuals, with members based in the UK, US, Canada, Paraguay, France, China, Singapore, Australia, and Nigeria, among other places, making it easy for NFT holders to generate revenue.
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