Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Another great real world use case of NFTs, as told by a legacy media company 🎻 “The violin itself and its NFT counterpart are now both held as collateral for a multi million-dollar loan to @ysiu” https://t.co/Ly4srRP4dG
NEWS: Yat Siu Tokenizes His Stradivarius Violin, Secures Loan from Galaxy @galaxyhq @ysiu ➡️ https://t.co/ILScQeC2pS https://t.co/ILScQeC2pS
NEWS: @ysiu Tokenises His 316-Year-Old Violin to Secure Multi-Million Dollar Loan The tokenisation demonstrates the expansive use cases blockchain technology could bring to real-world assets, a segment of the industry that has recently become one of the most exciting verticals… https://t.co/1w1agVpSVV
Yat Siu has announced the tokenization of a 316-year-old Golden Era Stradivarius violin previously owned by Empress Catherine the Great. This initiative, in collaboration with Michael Novogratz's Galaxy Digital, aims to demonstrate the potential of blockchain technology in tokenizing real-world assets. The tokenized violin, along with its NFT counterpart, serves as collateral for a multi-million dollar loan secured by Siu. This move highlights the expanding use cases of blockchain technology in the collectibles and artwork segment.