TechFlow news — On August 7, according to Decrypt, Australian gem company NYBlue Pty Ltd announced it has successfully acquired over one million carats of blue zircon and plans to reshape the value dynamics of the gem market by controlling the global supply chain for blue zircon. Recently, the company released a whitepaper detailing the pre-sale and subsequent public offering of its "real-world asset" (RWA) token.
Mitch Brownlie, a major shareholder of NYBlue, stated that Cambodian blue zircon should be recognized as one of the most outstanding and undervalued gems in the market. Additionally, NYBlue plans to launch ZIRC, a cryptocurrency backed by blue zircon, with each token redeemable for one carat of blue zircon, enabling consumers to benefit from the appreciation potential of blue zircon without bearing the volatility risks associated with traditional cryptocurrencies.
