# DareNFT 2.0 Protocol

![DareNFT's 2.0 Protocol](https://469645820-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHbZz40MWkv7s3JvZEcRP%2Fuploads%2FMlrCqP4x3FcpAShzcPp0%2FSolution.JPG?alt=media\&token=474e77dd-d659-4b7f-b488-5ef0b528814c)

<mark style="color:blue;">**DareNFT 2.0 Protocol will allow the following:**</mark>&#x20;

* Owners can receive royalties from the derivate NFT revenue     &#x20;
* Support the co owner model through smart contracts inside a blockchain    &#x20;
* Support the multi chain rental NFT model through many networks  &#x20;
* Most importantly it’s compatible to the existing NFT 1.0&#x20;

This means all NFT 1.0's can become an NFT 2.0 through our smart contract without reminting a new NFT.&#x20;

Digital assets minted as an NFT 2.0 will have more features, more applications and reflect better economics.&#x20;

Therefore it will be more attractive to buyers and have better liquidity compared to NFT 1.0.

#### <mark style="color:blue;">Royalty between NFT's</mark>

NFT 2.0 enables a benefit relationship between NFTs which will pay out a royalty to each owner through a smart contract.

#### <mark style="color:blue;">NFT Co-ownership Model</mark>&#x20;

There is only one owner with the current NFT 1.0 whereas the co-owner model helps NFT liquidity and increases the trust in ownership.

#### <mark style="color:blue;">NFT Multi-chain Rental Model</mark>&#x20;

NFTs naturally have a low trading liquidity and it will likely become a liability rather than an asset if the owner will hold until they can sell, therefore NFT 2.0 can offer the rental model.