PANews reported on June 12 that according to The Block, researchers at Cornell Tech in New York released an innovative technology application case called "Liquefaction". This technology allows users to temporarily control blockchain assets held by others under certain conditions, such as Bored Ape NFTs, without actually owning them. The application, called "Take My Ape", runs on the Oasis Sapphire network and "constrains" private keys through a trusted execution environment (TEE), allowing NFT holders to safely share asset usage rights. In the demonstration, users only need to pay about $2 to temporarily use NFTs worth $50,000, but cannot sell them.

The research team pointed out that this technology may affect the security model of various blockchain applications including DAO voting, airdrops, loyalty points, etc. The project was released at the 10th anniversary event of the Cryptocurrency and Contract Initiative (IC3), and the relevant paper was co-authored by Ari Juels, a professor at Cornell University.