According to Planet Daily, Polygon-based lending platform Altr will use blockchain technology to solve the liquidity problems faced by luxury collectibles owners when trying to convert their assets into cash. Davide Rovelli, an advisor to Altr, explained that luxury collectors face several problems when converting their assets into cash. When selling to dealers, collectors may receive lower bids because dealers need to make a profit when reselling items. Taking the auction approach can increase the price, but it also takes a lot of preparation time and requires paying third-party fees. It believes that blockchain can play a role in solving these troubles for collectors. According to Rovelli, collectors can digitize their collectibles, create digital ownership certificates in the blockchain, and use digitized assets as collateral to quickly obtain on-chain loans.

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