Assets Security

Assets Security

UNITBOXs wNFT provides a secure rental infrastructure application using wNFT to make NFT renting possible without transferring ownership of the assets. Transfers are impossible due to a hard-coded function noTransfer function in the UNITBOX Protocol smart contract, making third-party sales of wrapped NFTs impossible.

UNITBOX’s developers have decades of experience building technical sides and implementing advanced security for blockchain projects. When users deposit NFTs for rent, they trigger the issuance of a new wrapped NFT with the same properties as the original NFT. When the rented NFT is called back, the issued wNFT is burnt.