👉 This proposal is a follow up on EIP-4400 and EIP-4907 and introduces additional upgrades for lending and borrowing which include:
👉 NFT stays in owner’s wallet during rental period
👉 Listing and sale of NFT without termination of the rent
👉 Claiming owner benefits during rental period
#Collectibles, #gaming #assets, #metaverse, #event #tickets, #music, #video, #domains, real item representation are several among many NFT use cases. With EIP-721 only the owner can reap the benefits. However, with most of the utilities it would be beneficial to distinguish between the token owner and its user. For instance music or movies could be rented. Metaverse lands could be delegated for usage.
The most common use cases for having an additional user role are:
👉 delegation** – For security reasons.
👉 gaming** – Would you like to try a game (or particular gaming assets) but are you unsure whether or not you will like it? Rent assets first.
👉 guilds** – Keep the owner of the #NFTs as the multisig wallet and set the user to a hot wallet with shared private keys among your guild members.
👉 events** – Distinguish between `ownerOf` and `userOf`. Each role has a different access.
👉 social** – Differentiate between roles for different rooms. For example owner has read write access while userOf has read access only.