Researchers at Cornell University of Technology have proposed for the first time a use case for a cutting-edge concept that challenges a core assumption of blockchain security: that only private key holders can control digital assets. The app, called "Take My Ape", uses a process called "Liquefaction" that allows users to temporarily access blockchain assets (such as Bored Ape NFT) without actually owning them. The project was released on June 11 to mark the 10th anniversary of the Cryptocurrency and Contracts Initiative (IC3).