{"id":12560,"date":"2022-07-29T18:54:59","date_gmt":"2022-07-29T18:54:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/ready-to-audition-your-bored-ape-brand-a-crypto-exchange-beckons\/"},"modified":"2022-07-29T18:54:59","modified_gmt":"2022-07-29T18:54:59","slug":"ready-to-audition-your-bored-ape-brand-a-crypto-exchange-beckons","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/ready-to-audition-your-bored-ape-brand-a-crypto-exchange-beckons\/","title":{"rendered":"Ready to Audition Your Bored Ape Brand? A Crypto Exchange Beckons"},"content":{"rendered":"
While still a new and relatively undeveloped concept in Web3, the NFT market continues to grow, with NFT rentals forming a new economy within the blockchain ecosystem.<\/p>\n
NFT rentals aim to address the question of reliable income with NFTs, in a bid to offer more than speculative price increases. Instead of letting your digital assets sit idle in your wallet, proponents argue, why not rent them (and their utility) out and earn passive income in the process?<\/p>\n
MouseBelt Labs, for example, recently developed a platform for NFT rentals called BoredJobs,\u00a0which is essentially a licensing marketplace that lists thousands of Bored Ape NFT profiles that original Bored Ape owners can \u201cclaim.\u201d After Bored Ape owners claim their profile, the marketplace connects the NFT owner with brands or individuals looking to rent out the NFT for branding purposes.<\/p>\n