Orium Network provides a collateral-free marketplace for renting and lending NFTs, utilizing smart contracts to ensure secure transactions on the blockchain. This platform enables users to access and engage with NFTs at a fraction of their market price, facilitating immediate participation in digital experiences.
Funding
Funding not disclosed
DBFounders
Product
Problem
NFT owners often lack a way to generate yield from their assets without selling them, while potential users are priced out of engaging with NFTs due to high purchase costs. This limits NFT utility and accessibility, hindering broader adoption.
Solution
Orium Network provides a decentralized, collateral-free marketplace where users can rent and lend NFTs, unlocking utility for owners and providing access for renters. Using smart contracts, the platform facilitates secure on-chain rentals, allowing NFT owners to earn passive income while retaining ownership. Renters can access NFTs for a fraction of the purchase price, enabling participation in blockchain-based games and experiences. Orium Network's protocol incorporates EIP-7432, enabling advanced permissioning and role management for NFTs.
Target Audience
The primary target audience includes NFT owners seeking to generate yield, gamers looking to access NFTs for play-to-earn opportunities, and Web3 developers aiming to integrate NFT rentals into their applications.
Features
- Collateral-free NFT rentals secured by smart contracts
- On-chain management of rental agreements and payments
- Support for various NFT collections, including Aavegotchi wearables and land parcels
- Integration of EIP-7432 for role-based access control and permissioning
- Subgraphs for indexing and querying rental data
- TypeScript SDK for integrating Orium Network into dApps