LandWorks (an EnterDAO product) enables permissionless and trustless renting of metaverse land. The LandWorks protocol has undergone two audits by Quantstamp and Omega and has handled more than 300 rentals since its launch.

In order to enable renting, the protocol technically introduces the role of the consumer. The consumer is an actor that does not have transfer permissions but has rights for “consuming” the NFT (e.g putting a building on top of a land NFT). The architect of LandWorks @danielkivanov created EIP-4400 which was the first official renting extension to the ERC-721 standard.

Today LandWorks supports renting for Decentraland and Voxels and always looks to expand to perspective platforms in order to fully embrace the idea of openness of the metaverse. 

LadnWorks also offers an additional layer of monetization for landlords by allowing for advertisements to be shown on the land. This ensures that landlords can monetize their assets as soon as the land is listed on LandWorks.

Last but not least the LandWorks protocol offers a profit-share mechanism allowing for any dapp or project to utilize the protocol and enable renting of land. The mechanism allows for a split of the 3% protocol fee that LandWorks charges upon a rent transaction.

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