4K

4K

4K is a decentralized protocol for creating physically-backed Non-Fungible Tokens (NFTs), effectively bringing real-world assets (RWAs) on-chain. The platform enables the tokenization of physical items, which are then stored and insured by a network of custodians called 'Guardians'. This allows for secure and frictionless trading, lending, and use of physical assets within the decentralized finance (DeFi) ecosystem. 4K also offers a service called 4K Labs, which provides a full-service solution for brands to create 'Tokenized Merch'.
Distributed

Description

4K is a decentralized protocol designed to bridge the gap between physical assets and the digital world by creating physically-backed NFTs. The ecosystem revolves around a network of 'Guardians' who custody the physical items, with transparency and security ensured through regular audits and an on-chain remediation process. The native token, $4KP, is central to the protocol, used for staking, governance, paying for services like vaulting and insurance, and as a remediation fund in case of asset loss. Governance is managed by the Blockchain Asset Foundation (BAF) and a community-driven DAO, allowing stakeholders to vote on proposals. The protocol is built to be interoperable with other Web3 and DeFi platforms, enabling new use cases for real-world assets like collateralization and fractionalization. Additionally, 4K Labs offers a full-service solution for brands and creators to produce tokenized merchandise, managing everything from design and manufacturing to minting and logistics.