Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 14 September 2021, 09:00 HKT/SGT
Share:
    

Source: Revest Finance
Revest Finance Announces the Financial NFT Smart Vault
Revest Finance is announcing the Financial NFT: a programmable Smart Vault for crypto assets.

New York, NY, Sept 14, 2021 - (ACN Newswire) - Revest Finance has announced the launch of the Financial NFT. The Revest Protocol uses a special form of the Non-Fungible Token to create a programmable vault capable of locking any ERC-20 token until a particular set of conditions are met. This seemingly simple utility is the basis for a large number of financial possibilities including time and incentive based vesting structures. In addition to locking tokens, the FNFT Smart Vault can be fractionalized, bought, and sold on NFT marketplaces, allowing for liquidity of locked assets.

Launching September 24th, 2021, the FNFT is a new way of locking and releasing value that gives users complete control over their assets – no code required. Most have now heard of the NFT – the non-fungible token. NFTs shot to fame as the answer to digital scarcity, giving digital art and artists a means by which to attribute ownership. While many digital artists have received a huge boost, the jpeg market is merely one small use case of NFTs. FNFTs are where NFT technology meets the solid framework of the financial markets. From the humble home to international bond markets, Revest brings the NFT into the financial world.

The reason for this is the FNFT is a – it is agnostic to what it locks. Want to securely lock one Wrapped ETH as an 18th birthday present for your daughter, using an oracle and digital signature to confirm her identity? FNFTs can do that. Want to make incentive structures to a marketing firm according to the value of the product they market? FNFTs can do that too. Want to create a multimillion dollar covered call option? You guessed it – FNFTs have that solved. Just as the art NFT has been a blank canvas for artists, FNFTs give financial innovators carte-blanche for creation.

For too long the financial markets have held a monopoly on financial innovation. Revest is building tools to move the financial system to a secure and decentralized state. Users wrap their assets using an intuitive UI and decide what unlocking features they require. These features can stipulate time, value, or arbitrary criteria. Users can set multiple unlocks and allow for asset deposits as with a savings account. The time criteria can be extended; the value criteria can relate to another asset or combination of assets; the arbitrary criteria can refer to multiple parties or even to smart contracts, all giving the FNFT limitless capabilities when it comes to customization. The asset locked is not restricted either, allowing fungible cryptocurrency tokens, NFTs or even other FNFTs to be wrapped.

A flagship claim of the FNFT is that ownership can be transferred without directly affecting the value of a contained asset, in comparison to when the raw asset is bought and sold, impacting the price. The Revest team see this initially being adopted by the innovation-hungry cryptocurrency start-ups, where problems such as token release schedules and treasury management have been particular pain points. With FNFTs, token release schedules may be managed by criteria of time or linked to token value to mitigate heavy sell pressure. Crucially though, locked tokens may be traded through the trading of the FNFT itself, allowing early investors in start-ups to maintain liquid positions without affecting the communities they invest with.

This is just the start. When a new technology is born, there is a bloom of innovation in every direction. The first big hit for the NFT has been art, but now NFTs have grown beyond their artistic beginnings. The NFT has grown up.

Meet the Revest Smart Vault, powered by the Financial NFT.

Media Contact
Company: Revest Finance
Contact: Rob Montgomery
Twitter: @revestfinance
E-mail: inquiries@revest.finance
Website: https://revest.finance/

SOURCE: Revest Finance




Topic: Press release summary
Source: Revest Finance


http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Toyota Yaris WRC Returns to Home Roads for an Autumn Rally Finland  
Sept 24, 2021 19:30 HKT/SGT
Xilinx and NEC Accelerate Next-Generation 5G Radio Units for Global Deployment   
Sept 24, 2021 18:22 HKT/SGT
Mitsui Chemicals Teams up With NEC and dotData to Trial AI-based Price Change Forecasting for Market-Sensitive Products  
Sept 24, 2021 18:00 HKT/SGT
Moonstake Joins Hyper Protect Accelerator, A Startup Incubator Program of IBM  
Sept 24, 2021 11:00 HKT/SGT
Justin Sun: Preserve the Blockchain Spirit of Compliance and Transparency  
Sept 24, 2021 10:00 HKT/SGT
Fujitsu Sources 100% of Energy Needs for Global HQ from Renewables  
Sept 24, 2021 09:50 HKT/SGT
Agilex Biolabs Announced as Citeline Award Finalist for COVID-19 Vaccine Toxicology Preclinical Research  
Sept 24, 2021 09:00 HKT/SGT
Honda and Google Collaborate on In-vehicle Connected Services   
Sept 24, 2021 08:16 HKT/SGT
Animoca Brands uses Blockpass' On-chain KYC(TM) to verify NFT prize winners  
Sept 24, 2021 08:00 HKT/SGT
ACROMEC's associate Life Science Incubator launches Co-working Labspace  
Sept 24, 2021 07:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: