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Hey, TSA, Stop Looking At My Bum

The so-called Body Scanner that the TSA is itching to install in airports is among the sleaziest infringements on our right to privacy that I’ve ever seen from a government agency. It represents the limits of privacy I’m willing to give up in return for my security. I don’t have anything to hide and I’m willing to allow that the government should have some intrusive snooping abilities as part of its job to security the general populace. Want to listen for keywords on my phone conversations? Fine. Want to take pictures of me from outer space? Go right ahead. Search my bags. Swab my clothes. Let your dogs and your machines sniff me to your heart’s content.”Excuse me sir, but I’m going to have to see you naked.”

[Image credit: Chip Somodevilla/Getty Images]

What the what?!?! Are you kidding me? I can only imagine a cadre of backscatter x-ray technicians holed up in a basement lab somewhere snickering to themselves. I’m sure they can’t believe we fell for their plan.

Step 1: We tell them we’ve invented the ultimate airport x-ray scanner, but really it’s a machine that lets us take naked x-ray pictures through peoples’ clothes. We’ll call it a “Body Scanner.” Nobody say naked x-ray pictures any more.

Step 2: You aren’t safe unless there is a naked x-ra. . . err, Body Scanner device installed at every airport.

Step 3: We’re going to need to keep some of these nake. . . Body Scans. You know, for testing purposes.

Step 4: Hey buddy, wanna buy some Body Scans? Check out our introductory offer of $24.95 for 1 month, or get a full year for $14.95 per month. We will bill your card automatically.

When did it come to this? When did the TSA go from comic fodder so extreme that only my father-in-law would resort to airport security jokes, to the guys who get to see us naked before we get on a plane?

What’s next, strip searching students in schools? Well, one school already tried that and got knocked down pretty hard in an 8-1 Supreme Court decision. But we’re expected to trust our local travel security agent more than we trust our children’s teachers. So, all of a sudden the TSA is our most intimate protector. It’s almost too ridiculous to imagine.

I know that there are plenty of folks who don’t think this is a big deal. We’re all the same under our clothes. We shouldn’t care if some anonymous shmoe can oggle our kibbles and bits. For the sake of our security, it’s a reasonable transgression.

We could go to great lengths to be completely safe in this country. I really believe that if we gave up nearly every freedom we have, our government could assure us that we would be free from others harming us. But that’s not the way we would want to live our lives. That’s a dystopian nightmare. There’s always a balance to be struck, and in the middle of every balance is a fulcrum. There’s a point where we start to tilt from one side to the other. There’s a point where we say: “This level of security is not worth what we’re giving up.”

For me, it’s when the folks at the security checkpoint get to take nude pictures of me and keep them for later. That’s where I draw the line.

Do I have something to be embarrassed about? Who doesn’t? My point is that it’s going too far. Nudity, in our society, is practically the definition of going too far. When you’re at a party, or hanging out on the street, and somebody naked walks by, you know that things have finally gone too far. Television can try to be more risqué, but the minute Janet Jackson gets naked at a football game, things have gone too far.

I have no problem with people who want to be naked in private. I’m not being a prude, I’m just living within the context upon which we’ve all agreed. Slowly but surely we’re moving towards a society more accepting of nudity divorced from sexuality. But right now, nudity represents boundaries in our society; boundaries of taste and boundaries of privacy. Once we’ve crossed the line with nudity, where do we go next?

Is our security worth the sacrifice? I know that it’s selfish for me to answer. I fly a few times a year. Not enough to earn elite status, for sure. If something terrible happens on a plane, the odds are great that it won’t be on my plane. It will be someone else. I can argue until I’m blue in the, um, well that’s none of your business, but I can argue for my own privacy over our collective security. That argument won’t hold water with victims or families who succumb to tragedy. Try telling a plane full of people that you’re sorry for whatever misery befell them. At least the TSA didn’t get to check out my boxers.

There’s the slippery slope. When is our privacy, our personal freedom, worth someone else’s life? Individually, perhaps never. But collectively, people fight and die for our rights and freedoms every day. We each draw our line in the sand and say we won’t cross it, and then we cross it again and again and keep drawing a new line. But eventually we run out of sand.

Here’s the bottom line, though. There must be a better way. Different equipment, better training, some way to make sure that we don’t compromise our safety by insisting on our privacy.

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Opinion: My Take On Everything Apple Announced At Wwdc 2023

We’ve already rounded up everything Apple announced at WWDC during the keynote presentation – and it was a lot!

Let’s start with what I saw as the headline on the software side …


Apple made a more powerful version of iOS 13 for the iPad, and rebranded it as iPadOS – something many of us wanted.

Yesterday, Apple granted that wish.

It didn’t give me absolutely everything I wanted – we did technically move beyond the static grid layout on the Home screen thanks to that widget option, but I’d have liked Apple to have gone a lot further there. However, we did get a lot. Multiple windows per app, OS-level support for SD cards and external drives, desktop rather than mobile browsing … and some neat smaller touches like a smaller keyboard and a new three-finger gestures for easier cut/copy/paste and undo.

I also got another big thing I wanted, admittedly hidden away in accessibility options: trackpad and mouse support.

Finally, the iPad can now act as a wired or wireless external monitor for the Mac without the need for third-party software.

iOS 13

I must say there weren’t any individual iOS 13 features that wowed me, but there were a succession of really nice enhancements which will add up to a significantly better feel. Some of these are cross-platform things I address under macOS Catalina, below.

I do have to mention one small thing, though …

I joked before the keynote that we’d all remember where we were when Apple finally fixed the volume indicator after years of complaints. We first revealed this was happening in iOS 13 in a report back in April.

The existing volume indicator is so terrible it became a meme. I did hope that Apple would simply copy the YouTube indicator, which strikes me as perfect: it’s clear and obvious, yet completely unobtrusive. However, Apple’s approach is certainly a massive improvement, with an initial large indicator quickly being replaced by a slimline one.

HomePod music handoff and multi-user features

I’d long called for music Handoff between HomePod and other devices. So I could start listening to something on HomePod at home, and continue listening on my iPhone when I leave, or vice-versa: be listening through headphones while out, then continue on HomePods when I got back.

Yesterday, I got this wish – along with multi-user support on HomePod. Finally, it will be able to recognize different voices, and play appropriate music for each family member, as well as handle personal requests for each person.

macOS Catalina

Another wish finally granted, this one from 2024: a standalone Music app on the Mac!

Let’s have a new OS X Music app just like we got a new iOS one. Have it be a music player, and a means of transferring music to iOS devices, and nothing else. Strip away absolutely everything that isn’t about music […]

Pull out Podcasts into their own app, exactly as per iOS.

Apple yesterday gave us both these things. I didn’t get everything I wanted, but I did get the most important things.

I’ve already mentioned Sidecar, allowing an iPad to easily act as an external monitor.

We also got two key security enhancements: Activation Lock on the Mac, and the new cross-platform Find My feature: where even a sleeping Mac’s location can be tracked by relaying its position via other nearby Apple devices belonging to strangers.

Voice Control is a huge deal for many users with disabilities. There are already screenreader apps that do some of this, but these are often clunky. Apple has always prioritized accessibility features for its devices, and the way Voice Control works looks wonderfully quick and easy to use.

Again, there were many other improvements, but these are the ones that stood out to me.

watchOS and tvOS

The new health and fitness features are small but worthwhile improvements – especially the ability to track trends over time – but overall I didn’t think the watchOS changes were a big deal. The App Store may be to some, but to me this was more for Apple than for me. I’m never going to browse apps on my Watch, but it does bring Apple closer to the point at which it can sell the Watch to people who don’t own an iPhone.

I haven’t had a TV for 20 years, so tvOS passed me by as usual.


I’m not a developer (the last programming I did was in BASIC and Pascal back in the 1980s!), so I’ll let others deliver a verdict on this, but judging from what I could see, and the audience reaction, this is a pretty powerful new tool that should make life easier for developers.

The Mac Pro

Apple completely missed the mark with the trashcan Mac Pro, offering very little of what pro users really wanted – which was plenty of power and expansion options.

Boy did the company deliver that yesterday!

The options available with the new modular Mac Pro are insane. A Xeon processor with up to 28 cores. An incredible maximum of 1.5TB of RAM! The option of up to two dual-card Radeon Pro Vega II GPUs (four GPUs total)! Afterburner allowing real-time editing of three streams of 8K video or 12 streams of 4K. A thousand tracks in Logic. I could go on, but a maxed-out one of these will satisfy the needs of the most demanding pros in the business.

Of course, pricing will be as insane as the power of the machine. $6000 gets you an 8-core machine with just 32GB RAM and only 256GB of SSD storage. A maxed-out version is probably going to cost you $50k or more – the price of a nice car. Indeed, there are parts of the world where that will get you a house.

But I think Apple had to do this. Having erred so badly in one direction, it had to prove that there is no pro on the planet who could say the new machine didn’t meet their needs (financial ones excepted …). Almost nobody is going to buy a maxed-out one – perhaps a handful of big movie studios – but the fact that it’s there is important to Apple’s narrative. And whatever lesser machine you want, you’ll be able to configure it.

Pro Display XDR

Apple has taken the same tack with the new Apple display, the Pro Display XDR. Once again, it had to do this: offer something which will satisfy the needs of any pro.

6K (over 20 million pixels), true reference modes, P3 gamut 10-bit color, 1600 nits peak and 1000 nits constant, 1M to 1 contrast ratio, single-cable connectivity, and even a matte finish again – something I still miss from my former 30-inch Apple Cinema Display.

Again, the price reflects the power. $5k for the basic model, an insane $1K extra for the low-reflectivity finish and an utterly crazy $1K again for the stand. I mean, yes, it looks like a very nice stand, but basically a less sophisticated version of the Microsoft Surface Studio one, which comes included with the machine.

Everything Apple announced at WWDC – my verdict

Not everything Apple announced at WWDC met my expectations – but there was a lot to like. iPadOS was the big one for me, finally letting us use more of the power of the hardware. A bunch of other iOS 13 features which are individually small but will add up to a significantly enhanced experience. SwiftUI looks like a big help to developers. The Mac gets better security, iPad monitor support and – best of all – standalone Music, Podcast and TV apps. The HomePod gets music handoff and multi-user support. The Watch gets some nice health enhancements. And well-heeled pros finally get all the Mac Pro and display they could ever have asked for. Overall, I give the event 8/10.

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Looking For Major Cryptos For Long

Even though the world of cryptocurrency boasts many coins, just a few of them are actually successful. The main challenge, for most crypto traders, is usually how to get started and which coin to buy into.

Bitcoin (BTC) is a veteran that has been around for years now. Its popularity and price have risen simultaneously over the years as it earned the name, digital gold.

Litecoin (LTC) is yet another token that has been able to achieve immense success in its offering as it possesses direct competition to Bitcoin (BTC). The new coin RoboApe (RBA) has just recently entered the crypto world and has shown that it’s ready to offer massive price returns soon. Let’s analyse them in detail.

Bitcoin (BTC)

Bitcoin (BTC) is the most valuable coin in the world and has been ranked as number one on CoinMarketCap cap for years now. BTC serves as the most used crypto in the world too due to the sheer number of transactions it aims to complete daily.

When it comes to security, Bitcoin (BTC) is able to stand taller than other cryptos because of the number of hash rates it has over the rest. Basically, Bitcoin is harder to break into or even hack when compared to others.

So what of the other requirements? Does it meet up? As a matter of fact, Bitcoin is also able to influence the other coins massively with how its value moves over time.

BTC is one coin that has received a lot of criticism but has been able to turn its critics into fans over the years. If anything, some major traders actually believe this coin is undervalued and will still scale massively in the near future.

RoboApe (RBA)

RoboApe (RBA) is a new coin that’s able to offer immense services, especially in the eSport sector. With this project, fans are able to donate to their favourite players whenever they like. This means that crypto actually brings fans closer to their favourite players in the world of sports.

On this platform, players that take part in the game competition will be able to win the RoboApe (RBA) token as a reward.

Typically, most of the P2E games in existence are controlled by a very small group of people. What this means is that the power to make important decisions rests on these CEOs and when they are not favoured, everything goes south.

RoboApe has decided to change this narrative. It’s going to carry out a DAO system which will help its users vote on major decisions to be made on the network.

It’s clear that RoboApe (RBA) is about to take the world of NFTs and P2E gaming to a whole new world. It’s going to allow players the ability to mint their favourite NFTs in its marketplace which they can then sell anytime they want.

Litecoin (LTC)

Litecoin (LTC) is a very old coin that’s been around for a while now. It was basically created to mimic Bitcoin (BTC). Having been created as an alternative to the mighty Bitcoin (BTC), Litecoin came prepared with faster technology. It also featured lesser gas fees with a totally different mining system.

Litecoin (LTC) has a total of 84 million supply which is considerably higher than Bitcoin (BTC) at 21 million.

Just recently, this coin was able to activate the MimbleWimble Extension Blocks in order to make sure transactions remain confidential at all times.


Read more: Can New Meme Coin RoboApe (RBA) Shock Investors like Dogecoin (DOGE) or Shiba Inu (SHIB)

Can An Antivirus Stop Hacking?

Can An Antivirus Stop Hacking?

Also Read: Can An Antivirus Slow Down Games On Your PC?

How Does An Antivirus Protect You Against Hackers?

In simple terms, hackers actualize their nefarious intentions by using malicious lines of codes that they pack inside a file. Then through a variety of online and offline mediums, they drive users into downloading their malicious files. An Antivirus perceives this, scans the file beforehand much before it can cause any further damage to your computer.

– Database Regarding Viruses Is Regularly Updated

Let’s put it this way, at this very moment, some very shrewd hacker might be developing a malicious threat that he or she thinks that no expert can catch. What such hackers don’t know is that they are putting themselves up against an updated database that already contains descriptions of the threats that such miscreants create and even the method that can combat such threats. Though, there had been instances in the past when hackers did dodge even the most sophisticated Antivirus solutions. However, if you have a good Antivirus solution, the chances of this are next to none.

– By Offering Real-Time Protection Against Malicious Threats

– By Offering Security Against Zero-Day Threats

When a hacker can sniff the vulnerability in software much before the software’s developers, he or she will most likely exploit it, this becomes a zero-day threat or a zero-day attack. An Antivirus is well aware of these attacks and doesn’t hold back. Thanks to the frequently updated database and an equally efficient engine, the Antivirus nips the threat in the bud.

– Web And Firewall Protection

So, this is a very interesting and powerful module that a good quality Antivirus tool packs inside. Hackers often don’t spare unsecured or poorly developed websites. Your mere visiting the website can make you a hacker’s target. From gaining access to your IP to stealing your credentials such as credit/ debit card and other details, there’s a lot that can happen. Most Antivirus utilities come with web protection capability. The feature prompts you not to visit a malicious website.

Let’s move further and talk about Firewall protection. There have been instances of SQL injection attacks and some others where the attacker was successfully able to bypass the web application firewall (WAF). That’s not the only case where a firewall may fail in protecting you from a hacker. Let’s assume that due to some reason your firewall isn’t configured correctly or the policies in it are too permissive. In such a case, a data breach is likely evident. A modern-day Antivirus is well aware of this and keeps even your firewall intact and something that no hacker could invade.

Example of How An Antivirus Application Renders Strong Protection Against Hackers

Now that we know how an Antivirus protects you against hackers, let’s have a look at an example to testify the efficacy of an Antivirus. If we consider the Windows operating system, Systweak Antivirus is one of the most renowned and trusted antivirus solutions. It is capable of delivering protection against a variety of malicious threats such as Trojan, ransomware, adware, spyware, and a variety of other malicious threats. You can check out the full review of Systweak Antivirus here to get a better look at its features, how it works, its pros and cons (if any). But to exemplify the above points, let’s just have a glimpse of the tool –

What Features Does Systweak Antivirus Offers

Powerful scanning engine

Real-time protection against malicious threats

A frequently updated database

Multiple scanning modes – Quick, Deep, and Custom

Website and firewall protection

A lightweight piece of software

Even helps keep track of unwanted or unsafe startup items

How To Use Systweak Antivirus?

Download, install and run Systweak Antivirus

If Not An Antivirus, Then What Else Can Stop Hacking?

It doesn’t matter what device or operating system you have. In today’s digital day and age, an Antivirus should be an integral part of your computer and the very concept of not having one should remain in your theories because the moment your smartphone or computer is bereft of real-time protection, a hacker will possibly catch you off-guard and inject the virus.

But, here are certain points that as a prudent use of your device, you should exercise –

Never visit an unsafe website, leave aside downloading files from there

Never miss an update either from your operating system or the software on your device

When on a public – Wi-Fi and even otherwise, use a VPN where you feel a hacker might exploit your IP address

Store your passwords and other crucial credentials behind a vault in a password manager

Make full use of two-factor authentication to log in on multiple devices. And, if you can use biometrics like facial recognition or fingerprint scanning, go for it.

Wrapping Up:

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About the author

Sarang Bhargava

Dear Schools: Stop Treating Science

On April 22, Kiera Wilmot, a 16-year-old public school student in Bartow, Florida did what any kid with an ounce of curiosity does: She performed an experiment. Like many acts of science, however, it didn’t go as planned.

Wilmot allegedly mixed a few household chemicals in an eight-ounce water bottle, capped the lid, set it down, and stood back to watch, according to local news reports. She expected a little smoke to appear. Instead the top blew off and made a firecracker-like bang.

Despite praising Wilmot as a “good kid” who has “never been in trouble before,” Polk County Public Schools trumpeted its zero-tolerance policies and called the police. They arrested Wilmot and charged her with two felonies. Now expelled, Wilmot may be forced to finish her education in a juvenile facility and graduate with a permanent record.

A big part of the problem here is fear. Schools have allowed it to guide student codes of conduct that ignore what science is, how it works, and the importance of experimentation in inspiring influential researchers. I’m specifically reminded of a piece called “Don’t Try This At Home” by Steve Silberman, who reported on the increasing criminalization of garage chemistry.

The story ran seven years ago this month but is still surprisingly relevant. Silberman explores how and why chemistry kits and education became so toothless. As part of his reporting, he highlights prodigious scientists who owe their success to foolish childhood experimentation. Gordon Moore, who pioneered the integrated circuit and co-founded Intel, for example, created and detonated his own dynamite at age 11. David Packard, co-founder of Hewlett-Packard and father of Silicon Valley, proudly manufactured gunpowder as a kid. (Thomas Edison should have been in there, too — he performed enough dangerous feats to fill his biographies.)

Other brainiacs regale us on the importance of backyard chemistry in leading to fruitful science careers, including neurologist Oliver Sacks, Don “Mr. Wizard” Herbert, Popular Science‘s own Theodore Gray, and Roald Hoffmann, winner of the 1981 Nobel Prize in chemistry. “There’s no question that stinks and bangs and crystals and colors are what drew kids … to science,” says Hoffmann in Silberman’s story. “Now the potential for stinks and bangs has been legislated out.”

Silberman convincingly argues that fear of lawsuits (by manufacturers and teachers alike) have led U.S. educators to shy away from teaching science that poses any degree of danger. Schools have codified those fears in zero-tolerance policies that reject context and reason in delivering punishment. Suddenly, a popping soda bottle that hurts no one becomes a life-threatening explosive device.

Did Wilmot make a mistake? Yes. Should she carry two felonious charges into her adult life? No.

Kids are kids. Their futures ride on trying, failing, and learning from mistakes. Much of that happens during personal experimentation, and schools should equip them to do it responsibly, whether or not it happens on school property.

Sure, dangerous behaviors deserve punishment. But it’s time we stop creating and acting on zero-tolerance school policies to dole them out. We need to treat kids as kids and give them a fair shake by weighing context, reason, and maturity — not brand them as criminals when they create “stinks and bangs,” either accidentally or intentionally, for experimentation’s sake.

Looking For Liquidity? Here’s Everything To Know About Nft Lending

The last 24 months have been a whirlwind for NFT enthusiasts, with unprecedented demand for digital ownership creating a new and exciting asset class right before our eyes. But eventually, all new toys lose their shine. And after a crazy period of buying, selling, and trading NFTs, investors seek new ways to leverage their assets.

Enter the rise of fractionalized ownership, staking, and NFT’s hottest new sector: lending. 

You read that right. People are lending their relatively-illiquid JPEGs for instant payouts in crypto and cash. And it’s become a massive sector of the market. 

It’s finally time to break down the basics of NFT lending — how it really works, and the different types of lending models.

But first, a definition.

What is NFT lending?

NFT lending is the act of collateralizing your NFT as a loan in exchange for immediate crypto payment. And it solves the asset class’ most significant problem: liquidity. Relative to other asset classes, NFTs are relatively illiquid — meaning it’s not easy to quickly sell your NFT for its designated market value in cash (or cryptocurrency). In other words, it can take months for someone to buy your JPEG. Additionally, for investors with sizable investment allocations tied up in NFTs, quick access to liquid capital can sometimes be a tall order. Loans also provide NFT owners with a means to generate non-taxable income, as opposed to the tax implications of a sale.

Here’s how it works: The borrower needs a loan and puts up an asset as collateral (NFT). The lender supplies the loan in exchange for interest. But if the borrower can’t repay the loan on the agreed terms, the lender will receive the collateral. In most cases, this process is autonomously executed by smart contracts on the blockchain.

But in all cases, NFT lending is executed via one of four main models, each with its own benefits and drawbacks.

Peer-to-Peer: NFT lending platforms made simple

The simplest form of NFT lending is peer-to-peer, since it closely resembles the relationship between a borrower and a lender you can find at your local bank. 

Most transactions take place on peer-to-peer NFT lending platforms like NFTfi, and follow a similar process. But unlike borrowing against an asset with a stable price, NFTs are a bit more tricky. The market is incredibly volatile, which means the market value of an NFT today may be significantly different than its value down the line. So how do you appraise its current value? 

The truth is, it depends. Most peer-to-peer lending platforms use a simple offer system to allow anyone to make loans and set terms without a centralized or third-party intermediary. 

A user will list their NFT on the platform and receive loan offers based on the lender’s perceived collateral value of the NFT. If the borrower accepts the offer, they will immediately receive a wrapper ETH or DAI from the lender’s wallet. Simultaneously, the platform will automatically transfer the borrower’s NFT into a digital escrow vault (read: smart contract) until the loan is either repaid or expires. If the borrower defaults on the loan, the smart contract automatically transfers the NFT into the lender’s wallet.

Consolidating multiple NFTs with Arcade, and more

The bottom line? Peer-to-peer lending has emerged as the most favorable option for both borrowers and lenders, mainly due to its ease of use and security. The flexibility for both parties to set terms helps to account for rare NFT traits, and the smart contract logic within the escrow process is fairly straightforward. However, it’s important to note that peer-to-peer lending may not be the quickest model, since it relies on a borrower finding a lender willing to agree to set terms mutually.

According to Richard Chen, General Partner at cryptocurrency-focused investment firm 1confirmation, peer-to-peer lending is not only the safest model, but also the most liquid and competitive on the lending side.

“If you list a CryptoPunk on NFTfi, you’ll get a dozen offers pretty quickly,” said Chen in an interview with nft now. As DeFi yields have fallen, DeFi lenders have shifted toward NFT lending, since that’s where the highest yields in crypto are right now.”

Peer-to-Pool NFT lending

As the name suggests, peer-to-pool lending allows users to borrow directly from a liquidity pool, rather than wait to find a suitable lender match. To assign value to the collateralized NFTs, peer-to-pool platforms like BendDAO use blockchain bridges (Chainlink oracles, to be specific) to obtain floor price information from OpenSea and then allow users to instantly access a set percentage of their NFTs floor price as an NFT-backed loan. The NFT is then simultaneously locked within the protocol. 

When liquidation happens, it’s not based on the time of repayment. Instead, it occurs when the health factor of the loan — which is a numeric representation of safety comprised of the collateralized market value and the outstanding loan amount — falls below a certain threshold. However, the borrower has 48 hours to repay the loan and reclaim their collateral. 

Meanwhile, lenders who supplied liquidity to the liquidity pool receive interest-bearing bendETH tokens, where the price is pegged one-to-one with the initial deposit. 

“Given the illiquidity of NFTs, The price oracles used in peer-to-pool can be manipulated much more easily compared to other tokens,” said Chen. To him, good NFT appraisal tools like Deep NFT Value exist, but there’s “no oracle infrastructure yet, so teams are running their own centralized oracles which are prone to infrastructure hacking risk.”

Non-fungible debt positions

A spin-off of MakerDAO’s collateralized debt position structure, where borrowers over-collateralize ETH (a risky asset) in exchange for DAI (a less-risky stablecoin), non-fungible debt positions offer a similar deal. But on NFDP platforms like JPEG’d, instead of depositing ETH in exchange for a DAI, borrowers deposit select blue-chip NFTs and receive $PUSd, a synthetic stablecoin pegged to USD, in return. 

Like peer-to-pool lending, JPEG’d uses custom chainlink oracles to fetch and maintain on-chain pricing data. The goal? To combine floor prices and sales data to price collateral in real-time with high accuracy. 

Non-fungible debt positions are still very new, and will need to mature more before it’s considered a reputable lending model. Collateralized debt positions on MakerDAO are over-collateralized by 150 percent (or 1.5 times), to mitigate the volatility of ETH. NFTs are even more volatile, and the lack of need for over-collateralization raises some concern about the unpredictability of the NFT market and future liquidations. Additionally. JPEG’d is currently the only platform offering this structure, and is limited solely to CryptoPunks, so the available market is tiny, and the platform risk is quite high. All things considered, non-fungible debt positions should command close scrutiny as it unfolds.

NFT rentals and leasing via capital

Breaking rank with the other three structures, NFT renting allows NFT holders to lease out their NFTs in exchange for upfront capital. Platforms like ReNFT operate similar to peer-to-peer marketplaces, enabling renters and tenants to transact with varying rental terms and agreements without waiting for permission.

Like exchanges on NFTfi, all rental transactions are facilitated by smart contracts. But instead of a borrower sacrificing an NFT as collateral and locking it into a digital vault, the NFT is transferred to another person’s wallet for a specified period. In exchange, the “borrower” receives a lump sum of cryptocurrency. At the end of the predetermined period, the NFT is automatically returned to its owner. This is the simple form of “lending,” since there are no repayment terms, interest, or worry of liquidation.

Unlike other forms of lending where lenders are rewarded by earning interest, NFT rentals generally give lenders access and credibility. The NFT space thrives on social proof, and owning an expensive NFT can increase attention and recognition in the space. Some communities are also token-gated, where renting an NFT helps users gain exposure to people and experiences they may not otherwise acquire. Similar to renting clothing, cars, or other items of status-laden material, the emerging sector of NFT rentals is poised to become one of the most enduring ones.

Ultimately, whether NFT lending is the right decision for you specifically boils down to your time horizon and risk tolerance. Like all crypto protocols, it’s essential to do your own research and not over-leverage or invest money you’re not comfortable losing.

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