Revest is pleased to announce a strategic partnership with BLOCKS DAO LLC. BLOCKS DAO is a legally registered LLC created to onboard traditional “legacy” companies onto blockchain using world-class DeFi solutions.
What are we doing together?
BLOCKS will be utilizing Revest for locking and distributing seed round tokens to participants, taking advantage of Revest’s novel vesting mechanics to offer time-locked FNFTs with an early unlock triggered by the legal declaration that BLOCKS DAO has achieved full decentralization. Revest will be exploring the potential for utilizing BLOCKS in the development of gas-efficient on-chain storage solutions.
About the partnership:
BLOCKS is excited to make use of Revest’s revolutionary vesting system to solve a problem unique to their position as the first legally compliant DAO: BLOCKS needed a way to lock seed tokens under a time lock, but with the ability to unlock those tokens ahead of time should BLOCKS receive confirmation of their fully decentralized nature in the eyes of regulators. Revest has worked with the BLOCKS team to provide a novel solution to this problem: a time lock which can have its unlock triggered early by an admin signal. BLOCKS will be locking all of their side round tokens into FNFTs with this lock.
Revest aims to incorporate BLOCKS’ data storage capabilities into Revest’s planned investment suite of tools. The technology that BLOCKS is pioneering offers a novel way for DeFi systems to compress data, and Revest very much looks forward to implementing this technology and exploring its potential for reducing both the transactional costs, as well as the “barrier of entry” for retail and institutions alike.
About Blocks DAO, LLC:
Blocks DAO, LLC is a legally registered and fully compliant DAO created to migrate traditional “legacy” companies onto the blockchain using world-class commercial and enterprise-grade partnerships.
About Revest Finance:
The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise level users can deposit any ERC-20 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract based). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turn-key solution offers elegant applications ranging from token vesting to cutting-edge implications for derivative and borrowing/lending platforms.