Oort Digital x Envelop Integration Progress ReportIntegration Progress
Envelop has delivered wrapping technology for all NFTs (both ERC-1155 and ERC-721). Envelop has implemented a zero-collateral leasing function as well as online support for the zero-collateral leasing on both Polygon and BSC.
Oort Digital has created Hero NFTs to be leased with zero-collateral in RPG battle games. NFTs are enabled to supply the leasing pool with a “batch listing” feature. NFTs on both Polygon and BSC networks can use project leasing (over-collateral leasing).
How does the partnership benefit both Oort Digital and Envelop communities?
By cooperating with Envelop, Oort Digital can achieve collateral-free leasing for NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender. By adding application laters (games, DeFi, Metaverse) on top of Envelop and letting Envelop protocol become the backbone of the Oortverse, Oort Digital will also create more value to accelerate wider adoption of Envelop’s protocol across the globe.
Revenue Share
Oort Digital and Envelop have launched the V2.0 NFT Leasing App, with increasing daily use. V3.0 NFT Leasing App that supports both BSC and Polygon NFTs, batch listing, and zero-collateral for whitelisted NFTs, will be launched in April.
When integration with Envelop’s wrapping protocol is complete, Oort Digital will share the collateral-free leasing revenue with Envelop, while both players and NFT owners have a better play-to-earn and metaverse experience.