The central problem with bringing physical assets on-chain is an agency problem - the owner of the physically backed NFT is not the same person who is custodying the physical asset. Without solving this agency problem, owners of physical assets can’t have confidence that their token is backed by the corresponding physical asset. This lack of confidence ultimately threatens the ability of physically backed tokens to have utility in the web3 ecosystem.
4K is a decentralized protocol that solves this agency problem and enables anyone to bring physical assets on-chain as a physically-backed token. Assets are securely held by a guardian who guarantees that the asset owner’s physically-backed token can be burned in exchange for the physical asset at any time. Guardians are held accountable through on-chain audits and staking pools. Assets are fully insured on-chain against damage and loss. At its core, the protocol is a coordination layer between the digital and physical worlds.
To be the most trusted platform for bridging ownership and authenticity of tangible assets across physical and digital worlds.
As humanity lives increasingly virtual lives, it becomes more and more important to have a source of truth that connects our digital reality with our physical one.
By offering state-of-the-art authentication, storage, and marketplace services, 4K is enabling humanity to transact with more trust, more transparency, and less friction.
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