Blockchain-powered platform to monetize in-ground gold

5.10.22 - What's Happening to Those Falling for Crypto, NFTs

Gold last traded at $1,844 an ounce. Silver at $21.54 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday on bargain-hunting and a weaker dollar. U.S. stocks attempted to rebound after the S&P 500 fell to its lowest level in more than a year.

Morningstar--"Nature's Vault, a GreenTech platform designed to accelerate the funding of impact investments combating climate change and ecosystem damage, today announced its seed funding round, Board and Advisors, and an expected first tokenization project to monetize the preservation of in-ground gold deposits avoiding the environmental impact of physical mining.

'Building a first-of-its kind platform that allows anyone to fund impact investing projects around the world is a legacy everyone at Nature's Vault is proud to be part of,' said Founder and CEO Phil Rickard.

'We are bringing our breakthrough approach to tokenizing ESG projects and Natural Capital assets to help mitigate climate change in a transparent manner via distributed ledger technology and a platform that can be replicated and scaled up for future growth.'....

Its 'Legacy Token', expected to launch in the first half of 2022, will unlock the value of gold assets, without the negative environmental impact associated with mining in some of the world's most pristine locations. The Legacy Token is designed to achieve a net-zero future and to ensure that fractional asset ownership is transparent and irrefutable by recording all transactions on a secure blockchain....

Launched in 2022, Nature's Vault expects to be the one of the first to create a blockchain powered platform to tokenize projects focused on preserving natural capital - the planet's natural resources. The Company's first project involves avoiding the environmental impact and carbon emissions related to gold mining while utilizing tokenization to preserve the value of in-ground gold deposits."