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October 15, 2024

StreamNFT Brings Dynamic NFT Utilities to SKALE Network

SKALE Network

NFTs have captivated the world, offering a new form of digital ownership. However, their limitations—mainly being static and underutilized—have made it difficult for them to realize their full potential. The result? NFTs are often locked in wallets, untouched and untraded, reducing their liquidity and impact. This is where StreamNFT steps in, changing the game entirely. By introducing dynamic, programmable NFTs, StreamNFT allows users to rent, loan, and even leverage post-mint benefits, unlocking a new era of NFT utility. Today, SKALE is excited to announce that StreamNFT is now live on the SKALE Network, bringing these cutting-edge NFT solutions to life on the home of the gas-free, invisible blockchain experience.

Unlock the Future of NFTs with StreamNFT Now Live on SKALE

StreamNFT is revolutionizing the NFT ecosystem with a modular and composable protocol for enhanced NFT utility. Traditional NFTs often lack flexibility and usability, which leads to reduced trading activity and liquidity. StreamNFT solves this by pioneering NFT 2.0—introducing programmable features like rentals, loans, and post-mint benefits. The platform is also the creator of ERC-7066, enabling on-chain conditional ownership transfer, making NFTs more versatile than ever. Now, with SKALE's zero gas fee model, StreamNFT can offer these features to a broader audience without transaction costs holding them back.

Empowering Developers, Creators, and Brands

StreamNFT’s mission is to create a dynamic and engaging NFT ecosystem, empowering developers across GameFi, real-world assets (RWA), brands, and NFT creators. With just a few simple integrations, developers can enhance engagement within their communities by offering NFT holders the ability to share, rent, or borrow their assets. This unlocks liquidity and value in ways that static NFTs never could. Game developers can now offer new revenue streams for their players, and brands can build more interactive and immersive experiences for their customers—all with StreamNFT's chain-agnostic, full-stack solutions.

Why SKALE?

StreamNFT’s decision to build on SKALE was driven by the network’s unique capabilities. SKALE’s zero gas fee model eliminates one of the biggest barriers to NFT interaction—transaction costs. This makes SKALE the perfect blockchain for dynamic NFT applications, as it enables frictionless user engagement. Additionally, SKALE’s scalability ensures that StreamNFT can operate at a high volume, providing smooth and cost-effective interactions for all users.

The Numbers Behind StreamNFT

StreamNFT has already made significant strides in the NFT space. They have authored the ERC-7066 standard and forged over 25 partnerships aimed at solving liquidity issues for more than 15,000 NFT collections. With these foundations in place, StreamNFT is positioned to bring NFTs into a new era of utility and engagement, driven by SKALE’s efficient infrastructure.

“As we launch on SKALE, our vision of making NFTs more useful and accessible becomes a reality. With SKALE’s zero gas fees, we can offer NFT rentals and loans at a much larger scale without burdening users with transaction costs. This will drive the adoption of our post-mint benefit features and create a better user experience for Web3 gamers and beyond,” said Yugal Chittara, Founder of StreamNFT.

Join the NFT Revolution

StreamNFT is now live on the SKALE Network, opening the doors to a new world of NFT utilities. Whether you’re a developer, creator, or brand, StreamNFT offers the tools you need to maximize the potential of your NFTs—without the gas fees. Visit StreamNFT to learn more and start exploring the possibilities of dynamic NFTs today!

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