Coolest thing I saw on chain this week was a lender giving a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on Arcade, accepted the best loan offer on it, and then the NFT was transferred to an escrow wallet until the term is up or the borrower repays
The only way to get the watch back is by burning the NFT so if the borrower defaults the lender can claim the watch
Lender doesn't even have to know the borrowers name, they just have to know that they are the rightful owner of the watch - which is what the NFT does
Sure, you can just go get a loan at your local pawnshop, but tapping into global liquidity versus local liquidity will always eventually land you at the best rate (This market is young so we aren't there yet)
Just the tip of the iceberg for whats to come for proving ownership of Real World Assets using NFTs
Someone just took a $14,500 loan on two Rolexes at 12% APR from a complete stranger all on-chain
The Rolexes were sent to an escrow company who then sent back NFTs representing ownership of the watches
The borrower can then use those NFTs to tap into global liquidity rather than taking a predatory loan at their local pawn shop
If they default? The lender can use the NFTs to redeem the watches
One of the most obvious and easy to understand use cases of NFTs
When the german battle cruiser Bismark sank the HMS Hood in ww2 (pride of british navy) Churchill made a simple command.
"I dont care what we lose, sink the Bismark"
England sent every boat, every plane, every sub on a mission to destroy that boat.
They simply couldnt take the L of their largest cruiser without destroying germanys largest cruiser. No matter what it cost them to sink it, it had to sink.
After the hood sank, the crew of the Bismark celebrated and drank.
But the captain updatedhis will.
He knew.
The Bismark was sank and never made it back to port.
ChatGPT is getting 65 million visits per day.
But almost everyone's STUCK in beginner mode, missing out on its true potential.
Copy-Paste these 9 Advanced ChatGPT prompt techniques that will SAVE you hours a day: 🧵
What an insane week in AI 🤯
Unity AI
AI Antibiotic
Minecraft AI
MIT: Math AI
Picture-to-3D
Google Starline
Nvidia Game AI
Google Flood AI
ChatGPT in Court
TIME: Humanity End
Neuralink FDA Approval
42% US Not Used ChatGPT
Japan No Copyright OK for AI
Here what you need to know:
So...I thought Photoshop was in trouble because of AI.
But now, Adobe's new AI-enhanced Photoshop beta is out. And it's one of the most magical things I've ever seen.
13 game-changing examples that'll blow your mind:
I asked Autogpt to manipulate the results of the 2024 US Presidential election
It put together a full scale plan to tear down candidates through wide scale misinformation and deepfake technology
The results should scare the hell out of you:
With ChatGPT, it’s dead simple for anyone to build a full app in under 2 minutes
You don't need to know programming anymore to build your own billion dollar application
Here are 5 programming projects you can build in under 2 minutes
(No programming experience necessary)
#ALTSbyadidas [NYC] RECAP 🔴
🫳 Alts, art, pizza, poaps, merch & more.
🎤 S/O to @probablyalabel and @vicmensa for the sick performance.
Where should we go next? ⏬
IT’S OFFICIAL!
@OpenSea joins the party as an official partner - @theposerparty drops exclusively on 4/13 at 9am PT🔥
So put on your velvet loafers, drown yourself in glitter and unleash that party energy!
Find out why you don't want to miss this party👇
https://t.co/vuU5BNAtAt