Catch our Twitter Space TONIGHT 9PM ๐ฆ๐ชโฐ
Navin- @NavV96 from @IQWIKI joins us as a guest speaker, where we'll explore some trending use cases of AI & Cryptocurrencies.๐ง ๐
Media produced in collaboration with @TradersBrawlDXB.
See you SOON! ๐
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
NFTs have revolutionized the way we own and trade digital assets. But as with any investment, it's wise to have NFT insurance in place. It's your safety net, ensuring your NFT collection remains secure and valuable in a fast-paced digital landscape. #NFTInsurance#LyKosInsurance
NFT insurance is peace of mind. It protects your NFTs against technical failures, data loss, and other potential risks, allowing you to fully embrace the world of digital collectibles without worrying about the unforeseen. #LyKosInsurance#NFTInsurance#Web3security#Web3
NFT insurance is a must-have for serious NFT collectors. It not only protects your digital assets but also empowers you to showcase and share your collection with confidence, knowing that you're covered against potential risks. #LyKosInsurance#NFTInsurance#NFTs
Calling all NFT enthusiasts! ๐ฃ @digitali4all is here to demystify the world of NFTs. ๐ Discover the who, what, and why of your favorite projects, and stay up-to-date with the latest happenings. Don't just learn, contribute too! https://t.co/6esI27wwcb #LyKosInsurance
Are you diving into the exciting world of NFTs? Consider NFT insurance as a must-have. It protects your valuable digital assets against theft, loss, or accidental damage, ensuring you can enjoy your NFT collection worry-free. #LyKosInsurance#NFTInsurance#Web3security#LyKos
News Alert: A new development emerges as US lawmakers introduce the 'SEC Stabilization Act' seeking the removal of Gary Gensler. Share your thoughts below: Will this proposal successfully pass as a law?
Read more about it here https://t.co/okLdIMo6RK
#LyKosInsurance#Web3
Get ready to level up your NFT game with ERC-6551! ๐ฅ
Turn your ordinary ERC-721 tokens into unstoppable superheroes on the blockchain ๐ฆน๐ผโโ๏ธ
Hold on tight as we dive into the thrilling world of token-bound accounts ๐ข
Here's everything you need to know about ERC 6551 ๐งต
Wonderful space, had a great time interacting with everyone.
Special shout-out to @Tytaninc
and @spenceryang for organizing it. ๐
Looking forward to the next one.
https://t.co/K7o1V2Vrdr