Cornell Tech Develops New NFT Borrowing System, Preserving Ownership

Cornell Tech has introduced a groundbreaking new method for borrowing against NFTs without transferring ownership. The innovation, showcased by Ph.D. student Dani in New York, uses cryptographic privacy mechanisms to provide users with secure and flexible access to liquidity while maintaining control over their assets. This advancement is currently being explored as a research project and hasn’t yet been deployed on the market.