RE:Someone Mentioned West Forelandargaiv wrote: Would become an NFT via ABAXX. How does a mineral property become a NFT? It seems like a crazy market for NFTs.
You can find the transcript of the podcast here with Josh Crumb of Abaxx. RF is an angel investor of Abaxx Technologies. I really don't understand it all nor will I pretend too. But it would not surpirise me that in some way IVN uses the technology developed by Abaxx to sell their copper and other metals.
https://cms.abaxx.fi/uploads/Transcription_Smarter_Markets_S2_E5_Josh_Crumb_870d94da23.pdf
Here on Page 12
Josh Crumb 39:52: I do believe so. Absolutely. I mean ultimately, what the NFT is, is it's a type of smart contract. It's the first furthering the path of digitization and so when I talk about a fungible commodity, there's if you look at it as an example, and that's the copper supply chain. So again, that elemi copper is meant to be the most fungible form of copper, and it trades a very, very efficient system traded on the LMA, or the Shanghai futures exchange. But at the same time, that intermediate product, the crude copper product before you get to the elemi, a copper concentrate isn't so fungible, right, it's going to have all sorts of different quality blends, locations of big and bulky. And so at the end of the day that that copper concentrate is not as fungible as that copper cathode. And that's just talking about technical specs, again, now you add environmental specs, and you're going to see another wide range of marketability of a crude commodity product. And so ultimately, I think what is going to happen is that we are going to design NFT structures, that more and more information can be captured at the earliest stages of the resource project. And I would say even before the copper concentrate you look at actually copper metal in the ground I believe there's a system in the future, where we can track and trace that that resource, not only in new exploration models of geology, through NFT's pre-selling a royalty or right on the, the copper in the ground, and then that right, tracking all the way through the supply chain. So we know the ESG scores, we know the quality. So I think that that smart contract mechanism is going to be very important in the future.