LNFTS
[Loss Non Fungible Tokens]

“I am a hardworking middle class husband and father who is struggling to make ends meet, every single week. At the moment, I have under $1,000 in my Wells Fargo checking account, which, as a result of the freeze, is my only source of funds to provide for my family”
— Stephen B. [ A letter to the Judge Glenn in the Celsius case]

The Quote above really highlights why I have decided to take on this challenge. 1000s of retail customers lose money in litigation & other related issues every year and they end up with very little to NOTHING.
Why is this?

Is the reason that victims do not get a “good” outcome a product of a good legal system or one because they have no other option?

  • During the course of researching & developing this platform I’ve come across multiple sources that claim the funding market is a massive market in the Billions. Yet I’ve yet to actually be able to access that funding easily. The market is a WHO you know market.

    This needs to be broken

  • In many cases the individuals involved have to learn the law in the case. There are no other options to organise legal activities[ Even when they are attempted they are informal messy chats on Telegram]

  • The core tenet of LNFTs is empowerment. It allows individuals to mint a claim and enter a market to do with their claim what they see fit.

    • Sell their claim for a dollarized amount to access real life saving liquidity.

    • Loan their claim to a potential law firms to look into in more detail or as collateral for a loan.

    • Pursue group actions BUT with the ability to shop around for the best deal.

Why do lawyers charge so much money: is because their skills are really that good or is because they have no other option due to the conditions of their funding?

  • I think for some yes the skills really are worth it. For others I think its just a function of their “position”. There is something telling of the replaceability of skill if AI can easily replace it particularly when AI is infancy? Will salaries go down I doubt it.

  • I think in a lot of cases lawyers charge so much because of the nature of the work.

    • You never know where your next payday is coming from

    • Working costs are extremely high

    • Reputation: Is a lower paid lawyer trusted with highly valuable cases?

    • Billable hours different to actual take home pay: You’re billing a client millions of dollars but how much do you personally earn as salary?

  • It sounds extremely weird to say this; but many lawyers want two things:
    Getting paid but also to do good.
    LNFTS allow lawyers to connect with individuals they might not ever connect with at lower cost and higher efficiency with onus on the victim rather than the lawyer

LNFTS: What are they?

Loss Non fungible tokens are a digital object that represent the Loss an individual or company suffered due to Malfaseance or other such fraud. The LNFT confers the right for the Owner to pursue legal proceedings against individuals who have defrauded them & reclaim lost funds and/or damages.
There is extricable link between the LNFT and the victim that is:

  • The SBT that is minted off the ZKP of their government ID is the basis for the minting of the loss claim. Thus personhood/VCS is properly established.

  • The option to provide evidence of the fraud to the SV can provide a link between the LNFT and the victims legal claim.

  • Finally, verifying the evidence in the vault & the ZKP ensures the quality and surety of the claim.

LNFTS Types

There are two types of LNFT that are used in the LIFM

Unverified Tokens[ULNFT]

  • Unverified LNFTs represent the highest risk in the market.

    They are high risk as you are hoping that the individual is not lying to you.
    They should be seen as a gamble.
    However they may have a a lower buy cost as individuals require instant access to liquidity/capital.
    OU are banned from purchasing these NFTs

  • Unverified LNFTs have the following Metadata fields shown:

    • Value of the claim in ($) or cryptocurrency

    • Whether evidence has been added to the vault.[Y/N]

    • Wiliness to submit to verification[Y/N]

    • Whether this claim wants to be considered for a class action[Y/N]

    • Wiliness to be paid in Crypto over fiat [Y/N]


      Hidden Metadata:

    • Contact method [email, onchain etc.]

    • Payment Address[crypto]


  • Lawyers looking for cases.

    Litigation funders who want a good deal.

    Distressed asset investors


  • 10% on top of value to pay the RPs

Verified Tokens[VLNFT]

  • Verified LNFTs represent the lowest risk in the market.[To be clear they are still risky products]

    They are lower risk as you are hoping that the individual(s)/AI agents that have verified the NFT has done it properly and accurately
    They should be seen as a well researched gamble
    However they would have a higher buy cost as individuals have gone through and made changes to the metadata and verified the claim
    OU are able to buy them as long as they pass the sophisticated investor check.

  • Unverified LNFTs have the following Metadata fields shown:

    • Value of the claim in ($) or cryptocurrency

    • Whether evidence has been added to the vault.[Y/N]

    • Wiliness to submit to verification[Y/N]

    • Whether this claim wants to be considered for a class action[Y/N]

    • Wiliness to be paid in Crypto over fiat [Y/N]

    • Who the defendant is[Plaintext]

    • Whether the defendant seems competent to satisfy a judgement[Y/N]

    • The minimum realistic monetary value of the claim[money in dollars]

    • A potential legal budget required[Value]

    • Merit and legal value of the claim

    • The length of trial and enforcement risk

    • The jurisdictional risk

    • Any special charactersistics: E.g A&O did the verification
      Sourced from: BrownRudnick


      Hidden Metadata:

    • Contact method [email, onchain etc.]

    • Payment Address[crypto]

  • Everyone who passed the market policies

  • 10%+10% {for company/individuals that did the verification}