Cornell University debuts "Liquefaction" working case, allowing users to borrow tokens without owning them

Researchers at Cornell Tech University have for the first time proposed a use case for a cutting-edge concept that challenges a central assumption of blockchain security: that only the holder of the private key can control digital assets. The app, called "Take My Ape," uses a process called "Liquefaction," which allows users to temporarily access blockchain assets (such as Bored Ape NFTs) without actually owning them. The project was released on June 11 on the occasion of the 10th anniversary of the Cryptocurrency and Contracts Initiative (IC3).