Brisbane, Australia, August seventh, 2024, Chainwire
Australian gemstone firm NYBlue Pty Ltd has emerged as a key participant working to redefine the worldwide gemstone market. The corporate’s strategic enterprise includes a plan to safe management over the world’s blue zircon provide, a transfer that holds the potential to reshape the worth dynamics of the worldwide gemstone market.
Beforehand this month, the corporate launched its whitepaper, detailing its present pre-sale and subsequent public float of its ‘real world asset’ cryptocurrency, following its announcement of holdings of more than one million carats of the uncommon gemstone.
NYBlue’s major technique lies in systematically rising its present holdings, to proceed buying all out there Cambodian blue zircons, establishing management over the provision chain and probably influencing the longer term worth of these treasured stones.
Earlier in the present day firm representatives had been interviewed on CryptoBanters’ Town Hall podcast, to announce the launch of their RWA token pre-sale which has garnered appreciable curiosity from the crypto neighborhood since being introduced earlier this 12 months.
A video launched by NYBlue questions rhetorically “What could be a extra applicable show of affection, in your vital different; a chunk of compressed, common, carbon, or as an alternative one thing extra ancient than Earth, exceedingly rare, and twice as brilliant as diamond?”
NYBlue majority shareholder, Mitch Brownlie has acknowledged “We consider that Cambodian blue zircon deserves recognition as one of essentially the most extraordinary, underappreciated and undervalued gem stones in the marketplace”
The Australian firm NYBlue; is financed by Australian AgTech founder & former political advisor; Mitch Brownlie, who has recently discussed the project on various podcasts; often comparing the NYBlue project with a previous gemstone rally; when the African gemstone ‘tanzanite’ surged from obscurity, to reach parity with Diamond.
Tanzanite Spot Price – An Inspiration for NYBlue
NYBlue draws inspiration from the historical trajectory of the tanzanite market, where prices experienced a tenfold increase over three years. The company anticipates a similar trajectory for zircons, aligning its strategy with past successes to project a potential surge in value.
NYBlue has previously announced its plan to launch its gemstone-backed cryptocurrency codenamed ZIRC where each token is fully backed by and redeemable for a 1-carat blue zircon gemstone. This approach allows consumers to benefit from the rise of blue zircon without the risks of volatility associated with traditional cryptocurrencies. Owners of Zirc tokens will have the option to redeem their cryptocurrency for gemstones at any time, ensuring a stable, arbitrage-enforced peg between the two assets.
NYBlue aims to acquire the majority of globally available gem-quality blue zircons, effectively positioning itself as a dominant force in the market. This approach is designed to exert influence over the supply chain, creating a ripple effect on the market value of blue zircons across the industry.
NYBlue’s strategic initiative is not a short-term play; it is an ambitious endgame to secure a controlling stake in the multi-billion-dollar gemstone market. With a collection of gemstones valued at around $300m, NYBlue aspires to redefine the gemstone narrative on a global scale. This venture positions the company as a significant player, with the potential to impact the industry’s landscape for years to come.
In their quest for dominance in the gemstone market, NYBlue has announced a new and highly disruptive initiative; the launch of a blockchain-backed cryptocurrency named ZIRC, with each unit of the blockchain being fully backed by; and redeemable for a 1-carat blue zircon gemstone. This innovative approach allows individuals to participate in the potential rally of blue zircon values, by offering exposure to the underlying commodity without the inherent risks associated with traditional highly volatile cryptocurrencies.
Buyers have the option to redeem their ZIRC tokens for actual gemstones at any time, effectively eliminating the possibility of the token’s value dropping below the market price of the gemstone itself, providing consumers with a tangible and secure asset. This strategic integration of blockchain technology not only enhances transparency and security but also democratises access to the exclusive world of the international gemstone trade.
NYBlue’s PreSale is now live here.
About Zirc
Zirc offers a cryptocurrency fully backed by blue zircon gemstones. Each ZIRC token is redeemable for a 1-carat blue zircon, providing a stable and tangible asset. The platform aims to integrate blockchain technology to enhance transparency and security, making it accessible for individuals to participate in the gemstone market without the risks associated with traditional cryptocurrencies. Zirc’s approach democratizes access to blue zircons and offers a unique investment opportunity backed by real-world assets.
Director
Mitch Brownlie
NYBlue Pty Ltd
[email protected]
