Badgelender, utilizing the Abstract Chain, has established a market for renting the utility of NFTs separately from their speculative value, with abstract socks NFTs having a floor price of $500 and a daily rental utility rate of $3. This new market structure reflects the broader trend in the blockchain industry of creating rental mechanisms for NFT utilities, making them more accessible and promoting wider adoption. Observers are watching key indicators, such as whether the rental total value locked (TVL) surpasses $5 million, as this would signal validation from large holders and possible expansion beyond a single collection.
Badgelender creates first NFT utility rental market on Abstract Chain
