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Unveiling the Sci-Fi Spectacle: NextCypher's "Deathlands" Directed by Jonathan Frakes

Jeff Garzik's production company, NextCypher, has enlisted the talents of Star Trek's Jonathan Frakes to direct an adaptation of the sci-fi novel Deathlands. Frakes, known for his role as Commander Riker on Star Trek: The Next Generation, brings his experience as a veteran director who has worked on TV shows like Star Trek: Strange New Worlds, Star Trek: Picard, and Leverage: Redemption to this project. Garzik expressed his excitement by stating that he was "incredibly humbled and blessed" to have Frakes on board. Key Points: Deathlands Adaptation: Based on a series of novels by James Axler and Jack Adrian, Deathlands follows a group of survivors navigating a post-apocalyptic world using teleportation technology. Garzik described the show as a blend of "Mad Max meets AI meets the monsters from Tremors." Refreshed Adaptation: Garzik highlighted that the TV series offers a modern take on the original post-Cold War, post-nuclear war scenario presented in

Unlock Liquidity: Exploring Crypto-Backed Mortgages and How They Work

Crypto-backed mortgages have emerged as a novel financial instrument within the cryptocurrency ecosystem. These mortgages allow individuals to borrow fiat currency against their digital assets, such as Bitcoin or Ethereum, by using them as collateral. In other words, crypto-backed mortgages enable users to access the value of their crypto holdings without having to sell them.

  1. Crypto-backed mortgages, explained

Crypto-backed mortgages operate on the principle of collateralization. Borrowers pledge their digital assets as collateral to secure a loan, which is typically denominated in fiat currency. The value of the loan is determined by the collateral's market value at the time of borrowing.

The process of obtaining a crypto-backed mortgage typically involves the following steps:

  • Collateralization: The borrower deposits their digital assets into a smart contract or a lending platform that supports crypto-backed loans. These assets are held as collateral throughout the duration of the loan.
  • Loan Approval: Once the collateral is deposited, the borrower's eligibility for a loan is assessed based on factors such as creditworthiness and the value of the collateral. Lenders may also require additional documentation, similar to traditional mortgage processes.
  • Loan Disbursement: If the borrower meets the necessary criteria, the loan is approved, and the agreed-upon amount is disbursed to the borrower's designated account in fiat currency.
  • Loan Repayment: Borrowers are required to repay the loan amount, along with any accrued interest, within the agreed-upon timeframe. Failure to repay the loan may result in the liquidation of the collateral.

  • Advantages and considerations

Crypto-backed mortgages offer several advantages to borrowers and lenders within the crypto space. Some key benefits include:

  • Access to Liquidity: By utilizing crypto assets as collateral, borrowers can unlock liquidity without selling their holdings. This allows individuals to maintain exposure to potential price appreciation and avoids triggering taxable events.
  • Lower Credit Requirements: Since the loan is secured by collateral, lenders may be more willing to extend credit to individuals with lower credit scores or limited credit histories. This can be beneficial for borrowers who may face challenges in obtaining traditional forms of financing.
  • Potential Tax Benefits: In some jurisdictions, interest paid on mortgage loans may be tax-deductible. Borrowers should consult with tax professionals to understand the specific implications in their respective jurisdictions.

However, there are also considerations to keep in mind:

  • Volatility Risk: The value of crypto assets is highly volatile, which introduces risks for both borrowers and lenders. If the value of the collateral significantly declines, borrowers may face margin calls or liquidation of their assets. Lenders, on the other hand, may be exposed to potential losses if collateral values plummet.
  • Regulatory Environment: The regulatory landscape surrounding crypto-backed mortgages is still evolving. Borrowers and lenders should be aware of the legal and regulatory requirements in their jurisdictions to ensure compliance and mitigate any potential risks.
  • Custody and Security: Entrusting digital assets to third-party lending platforms or smart contracts introduces custody and security considerations. Borrowers should thoroughly research and select reputable platforms with robust security measures in place.

In conclusion, crypto-backed mortgages provide a unique solution for individuals seeking liquidity while retaining ownership of their digital assets. However, borrowers and lenders should carefully evaluate the associated risks and advantages before engaging in such transactions. As the crypto industry continues to mature, regulatory clarity and improved security measures will be crucial in further mainstream adoption of crypto-backed mortgages.


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