Cornell Tech Unveils "Take My Ape" at IC3: Rent NFTs Without Ownership

- Cornell Tech introduces an app leveraging Liquifaction tech for NFT borrowing. - Users can access top NFTs like Bored Ape without owning them through "Take My Ape." Cornell Tech launched "Take My Ape" at IC3's 10th anniversary. This groundbreaking app uses Liquifaction to let users borrow NFTs without owning them, challenging the conventional notion that only private key holders can control digital assets. On June 11, 2025, The Block reported that the Take My Ape application employs smart contract rules. These rules define conditions for asset access, such as time and action limitations. The app, launched on the Oasis Sapphire network, allows NFT holders to privately share their private keys, thereby granting recipients access to associated privileges. These privileges include access to prominent assets like Bored Ape Yacht Club NFTs, while the app restricts users from selling the tokens. Researchers, including Cornell’s Ari Juels, suggest that Liquifaction could impact the security and economic models of various blockchain applications, such as locked tokens, DAO voting, airdrops, loyalty points, soulbound tokens, and quadratic voting. Liquifaction minimizes on-chain visibility and allows functionality like renting a $50,000 NFT for about $2. The researchers published the underlying Liquifaction paper in late 2024. Recent market data shows that as of June 11, 20:16 UTC, Oasis (ROSE) trades at $0.03. This price reflects a 3.374% decrease.