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Telos to Launch New Version of De-Fi NFT Bonds

Former Florida Tax Collector Allegedly Used Public Funds to Create Blockchain Company
Former Florida Tax Collector Allegedly Used Public Funds to Create Blockchain Company

Telos, self-described as “one of the most active blockchain platforms in the world,” has revealed the launch of its T-Bond NFTs, a self-described “new fusion of DeFi and NFTs as a tool for unlocking liquidity,” according to a press release from the group.

These bonds are “an innovation in DeFi that allow tokens to be locked into transferable Non-Fungible Tokens (NFTs) that are then unlocked when the maturity date or other maturity conditions are met,” it continues.

Sharing some thoughts on the matter is Douglas Horn, the Chief Architect of the Telos blockchain, who said:

“T-Bond NFTs offer a new and powerful option for any project seeking funding based on future technical achievement. Back in the ICO boom and continuing still, far too many projects have raised funds only to see their token plummet in value and community support dwindle. T-Bond NFTs create an ecosystem where projects can raise funds through investors, who in turn have the freedom to sell their NFTs on the secondary market without impacting the token price. This facilitates a vastly more sustainable model by harnessing the new synergy between DeFi and NFTs.”

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