Cornell University Launches "Liquefaction" Use Case for the First Time, Allowing Users to Borrow Tokens Without Ownership
Researchers at Cornell Tech have introduced a pioneering use case for a cutting-edge concept that challenges a core assumption of blockchain security: that only private key holders can control digital assets. The application, called "Take My Ape," utilizes a process known as "Liquefaction," which allows users to temporarily access blockchain assets—such as Bored Ape NFTs—without actually owning them. The project was launched on June 11 to mark the tenth anniversary of the Initiative for Cryptocurrencies and Contracts (IC3).
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