RiFi Resources
  • Welcome
  • Trusted Links
  • Brand Assets
  • WHITEPAPER
    • Introducing Rikkei Finance
    • RiFi DeFi Lending & Borrowing
      • Interest Rate Model
      • Asset Selection
      • Collateral Factor
      • Liquidation
      • Supplying Assets
      • Borrowing Assets
      • RiWork
        • Market Analysis
      • Farming
        • Liquidity Farming
        • TITA Farming Vault
        • Double Farming Vault
        • RiFi Farming Vault
    • RiFi NFT
      • NFT Indexing
      • NFT Rentals
        • Escrow Mode Rentals
        • Transfer Mode Rentals
      • NFT Lending
    • Tokenomics
    • Roadmap
  • User Guides
    • RiFi DeFi Lending & Borrowing
      • Main User Guide
        • Log In To Your Account
        • Supply Assets
        • Borrow Assets
        • Repay Your Borrowing
    • RiFi NFT
      • Log In To Your Account
      • Manage Your Profile
      • Manage Your Account Balance
      • NFT Indexing
        • NFT Indexing Package 1
        • NFT Indexing Packages 2-3-4
      • NFT Rentals
        • Manage NFTs
          • As Asset Owner
          • As Renter
        • Check Your Transaction History
        • List An NFT
        • List Multiple NFTs
        • Rent An NFT (Non-Collateralized Mode)
        • Rent An NFT (Collateralized Mode)
        • Make A Counter Offer
        • Accept A Counter Offer As Asset Owner
        • Reject A Counter Offer As Asset Owner
        • Cancel A Counter Offer As Renter
      • NFT Lending
        • Manage NFTs
          • As Asset Owner
          • As Lender
        • Mint A Vault As Asset Owner
        • Deposit NFTs As Asset Owner
        • Approve To List Or Set Loan Terms As Asset Owner
        • Delist NFTs As Asset Owner
        • Make/Cancel A Counter Offer As Lender
        • Accept/Reject A Counter Offer As Asset Owner
        • Fund Loan As Lender
        • Repay/Roll Over A Loan As Asset Owner
        • Accept/Reject To Extend A Loan As Lender
        • Claim The NFT As Lender
      • Affiliate Partners
  • FAQs
    • RiFi DeFi Lending & Borrowing
    • RiFi NFT
      • NFT Indexing
        • Platform Partners
      • NFT Rentals
        • Affiliate Partners
      • NFT Lending
  • Platform Partners
    • NFT Indexing
    • Integration - Escrow Rental Mode
    • Development Effort Estimation and Timeline
  • Terms & Conditions
    • Terms & Conditions
      • Acceptance
      • Certain Defined Terms and Related Information
      • Eligibility
      • RiFi Account
      • Fees
      • Your Use of the Platform and Conduct
      • Restriction
      • Limitation of Services / Account Closure / Termination
      • Lending & Borrowing Services
      • Data Protection / Privacy
        • Privacy Policy
      • RIFI Token Sale & Usage
        • Acceptance
        • Scope of Terms
        • Warranties
        • Regulations
        • Cancellation & Refusal at Seller's Discretion
        • Partial Invalidity
        • Indemnity
        • Intellectual Property
        • Release
        • Risks
        • Termination
        • Data Privacy
        • Claims
        • Disclaimers
  • Developers
    • Developer Docs
Powered by GitBook
On this page
  • 1. What is Rikkei Finance?
  • 2. What is RiFi NFT?
  • 3. How many rental types are there in RiFi NFT?
  • 4. What currency is used to transact on the Rifi NFT?
  • 5. Are there any risks of NFTs being stolen?
  • 6. Are there any hidden fees or charges?
  • 7. Will the renting price of the NFTs be fixed by the team or based on the free market?
  • 8. When does an asset owner get paid for his/her NFT rental?
  • 9. Can a user cancel the rental after the transaction is completed?
  • 10. Can a user list an NFT on Rifi NFT and another marketplace at the same time?
  • 11. Are there any risks that some NFTs in the marketplace are scams?
  • 12. Can users use their listed assets when they are rented?
  • 13. Where will an NFT return after a rental period ends? Wallet or marketplace?
  • 14. What is NFT Standard Eligible for listing?
  1. FAQs
  2. RiFi NFT

NFT Rentals

The most common questions about RiFi NFT Marketplace.

1. What is Rikkei Finance?

Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace to help users earn a yield on their digital assets. Our specific focus currently is the NFT marketplace, with NFT rentals as well as NFT based lending & borrowing.

2. What is RiFi NFT?

RiFi NFT, powered by Rikkei Finance, is a blockchain enabled, peer to peer marketplace where NFT asset owners can list and offer said NFTs for rent.

3. How many rental types are there in RiFi NFT?

There are two: Escrow rental mode, aka Non-collateral mode, and Transfer rental mode requiring collateral.

4. What currency is used to transact on the Rifi NFT?

RiFi NFT Marketplace transacts in BNB.

5. Are there any risks of NFTs being stolen?

No. In Escrow rental mode, the NFT remains in "escrow" with the smart contract and does not transfer to the renter's wallet. Therefore NFT being stolen by a renter is not considered an issue. With Transfer rental mode, the renter offers collateral for the rental. So, if the renter chooses to default on the rental, the asset owner would receive the collateral in compensation for losing the NFT, which means "stolen" would not be the best description.

6. Are there any hidden fees or charges?

There are no hidden fees or charges.

Asset owners are responsible for the gas fees associated with listing their NFTs. Asset owners will receive 90% of the rental fee, while the rental transaction fee - 10% of the rental fee - is paid to the marketplace treasury.

Renters are responsible for the gas fees upon rental and return of rentals. Under the transfer rental mode, the renter is responsible for the collateral security deposit, which will be returned

7. Will the renting price of the NFTs be fixed by the team or based on the free market?

NFT rentals are set by the asset owner, based on free-market operations.

8. When does an asset owner get paid for his/her NFT rental?

Upon completion of the rental transaction, 90% of the rental fee will be transferred to the asset owner's wallet address.

9. Can a user cancel the rental after the transaction is completed?

Once the rental transaction has been completed, we are not able to reverse or cancel the transaction.

10. Can a user list an NFT on Rifi NFT and another marketplace at the same time?

Upon listing a NFT to the RiFi NFT, the NFT itself is transferred to the platform smart contract. During this period, the asset owner would not show this asset in their wallet and would likely be unable to list that NFT on another marketplace. De-listing the NFT from the marketplace would return the asset to the owner's wallet.

11. Are there any risks that some NFTs in the marketplace are scams?

In the current iteration, there is no possibility of fake NFTs being listed in the marketplace, as only NFTs originating from the smart contract of our game platform partners would be recognized and listed.

12. Can users use their listed assets when they are rented?

No. Listed NFTs remain with the marketplace smart contract and cannot be used by asset owners during the listing and rental period.

13. Where will an NFT return after a rental period ends? Wallet or marketplace?

After a rental period ends, an NFT is automatically re-listed in the marketplace.

14. What is NFT Standard Eligible for listing?

NFT Standard Eligible for listing are ERC-721 and ERC-1155 compliant NFTs.

PreviousPlatform PartnersNextAffiliate Partners

Last updated 2 years ago