Brisbane, Australia, August 7th, 2024, Chainwire
Australian gemstone company NYBlue Pty Ltd is making waves in the global gemstone market with its strategic plan to control the world's blue zircon supply. This move has the potential to completely reshape the value dynamics of the gemstone industry.
In a recent whitepaper release, NYBlue detailed its pre-sale and public float of its 'real world asset' cryptocurrency, backed by over one million carats of rare blue zircon. The company's goal is to systematically increase its holdings, acquire all available Cambodian blue zircons, and establish dominance over the supply chain to influence the future value of these precious stones.
NYBlue's initiative has garnered significant interest from the crypto community, with the launch of their RWA token pre-sale being announced on CryptoBanters' Town Hall podcast. The company's majority shareholder, Mitch Brownlie, believes that Cambodian blue zircon is an extraordinary and undervalued gemstone deserving of recognition.
Drawing inspiration from the tanzanite market, where prices soared tenfold over three years, NYBlue anticipates a similar trajectory for blue zircons. The company plans to launch its gemstone-backed cryptocurrency, ZIRC, where each token is fully backed by and redeemable for a 1-carat blue zircon gemstone.
NYBlue aims to acquire a majority of gem-quality blue zircons globally, positioning itself as a dominant market force. This strategic move is not a short-term play but an ambitious endgame to secure a controlling stake in the multi-billion-dollar gemstone market.
The launch of ZIRC, a blockchain-backed cryptocurrency, allows buyers to participate in the potential rally of blue zircon values without the risks associated with traditional volatile cryptocurrencies. Buyers can redeem their ZIRC tokens for actual gemstones at any time, ensuring a stable and secure asset.
NYBlue's innovative approach not only enhances transparency and security but also democratizes access to the exclusive world of the international gemstone trade. The company's goal is to redefine the gemstone narrative on a global scale and have a lasting impact on the industry's landscape.
Analysis: NYBlue Pty Ltd, an Australian gemstone company, is revolutionizing the gemstone market with its strategic plan to control the global blue zircon supply. By launching a gemstone-backed cryptocurrency and acquiring a majority of gem-quality blue zircons worldwide, NYBlue aims to reshape the industry's value dynamics and offer investors a stable and tangible asset. This initiative has the potential to impact the gemstone market for years to come, providing individuals with a unique investment opportunity backed by real-world assets.