Cornell University has launched the "Liquefaction" use case for the first time, allowing users to borrow tokens without having ownership.
Researchers at Cornell University of Science and Technology have for the first time proposed a use case for a cutting-edge concept that challenges a core assumption of blockchain security: only private key holders can control digital assets. The app, called "Take My Ape," employs a process called "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 on the occasion of the 10th anniversary of the Cryptocurrency & Contracts Initiative (IC3).