Most participants in the Crypto market have one purpose that is "speculation". From there, it can be seen that DeFi-based NFT applications like mortgage loans will be supported and developed faster than hardcore applications.

For future development, it is necessary to solve the problems faced by users such as gas fees and wallet management issues. Besides lending, users will further expect the development of NFT based on inspiration taken from Defi such as staking, insurance, etc.

Not all NFTs are created equal, let's distill the platforms and protocols that bring true value to make the right speculative decisions.

Today I will give readers a platform for the combination of nft and defi which is "ZENCHAIN ​​PROTOCOL"

What is Zenchain Foundation?

The ZenChain Foundation is developing ZenChain, a blockchain specifically dedicated to decentralized financial (DEFI) applications and non-fungible tokens (NFTs). By focusing on the functionality of the blockchain and dedicating it specifically to DEFI and NFTs, ZenChain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of financial services for both fungible token and non-fungible token (NFT) on the blockchain.

Is $ZEN an ERC20-based token?

No. $ZEN is a Binance smart chain based token

ZenChain solution

ZenChain gives some solution to resolve this problem:

• Scalable, high-throughput Blockchain with Tendermint Power
• Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
• Decentralized pricing oracles built-in
• DeFi primitives built-in: Dex, Lending & Borrowing, token IDO, insurance.
• Non-fungible Token applications like a mint, auction, rent NFTs
• NFTs X DEFI: bring the power of NFTs to Defi ecosystem and Defi to NFTs.

Here’s a glance at some of the key features of Zen Chain:

• Web3 compatibility
• High throughput via Tendermint Core
  -Horizontal scalability via IBC
• Fast transaction finality

ZenChain enables these key features through:

• Implementing Tendermint Core's ABCI application interface to manage the blockchain
• Leveraging modules and other mechanisms implemented by the Cosmos SDK
• Utilizing geth as a library to avoid code reuse and improve maintainability.
• Exposing a fully compatible Web3 RPC layer for interacting with existing Ethereum clients and tooling (Metamask, Remix, Truffle, etc).

ZenChain Auction is the marketplace for user-owned digital goods, which include collectibles, gaming items, domain names, digital art, and other assets backed by a blockchain.
A core part of our vision is that open protocols like Ethereum and interoperable standards like ERC721 and ERC1155 will enable vibrant new economies where users truly own this powerful brand new type of digital item. Because we think open, liquid marketplaces will help power these new economies, we're building tools that allow any developer to build rich, integrated marketplaces for their digital assets. And we're doing this with the help of a community of passionate users, developers, and creators.

SUMARY

With the Rent market, NFTs owners don’t need to sell their NFTs, just using them for rent. The renter can rent NFT in a short time to use in some special situations. Example: With some games, users rent NFTs as wearable items to join some special campaign, after they can pay back NFTs with a small fee, they don’t need to buy NFT at a higher price.

The special of ZenChain is full support cross-chain NFTs and Defi. ZenChain allows NFTs owners to get more powerful with their NFTs, is just not collectible, user can stake their NFTs as collateral in lending & borrowing application, and can borrow some fungible token (ERC20, BEP20, TRC20 …) to using another defi strategy.

Website: https://zenchain.co
Facebook: https://www.facebook.com/Zenchainofficial
Telegram Channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol

Author:
Bitcointalk Username: hobbeslovestuna
Profile link : https://bitcointalk.org/index.php?action=profile;u=1240464