Steven Gaertner, the head of Tiamonds, discusses how they are revolutionizing the diamond industry by tokenizing diamonds on the blockchain. Tiamonds is a Web3 marketplace that allows people to easily trade and own diamonds without the need for physical shipment or importation taxes. They purchase real-world diamonds from renowned dealers, validate them through a partnership with LCX, and store them in a physical vault in Liechtenstein. The diamonds are then tokenized as ERC-721 non-fungible tokens and can be traded on their marketplace or other platforms. Tiamonds also provides transparency, traceability, and the ability to earn royalties on secondary sales. Tiamonds is a project that tokenizes real-world assets, specifically diamonds, on the blockchain. By offering ownership of actual diamonds through NFTs and backing it up with a safe vault in Liechtenstein, they provide a distinctive value proposition. The project aims to bring transparency, liquidity, and accessibility to the diamond market. Tiamonds also introduces the concept of automatic staking, where token holders receive TIA tokens as rewards for holding their diamond NFTs. The project is expanding to other blockchains to reduce gas fees and increase accessibility. Tiamonds is open to collaborations and partnerships with other projects in the space.
Takeaways
- Tiamonds is revolutionizing the diamond industry by tokenizing diamonds on the blockchain.
They provide a Web3 marketplace for easy trading and ownership of diamonds without physical shipment or importation taxes. - Real-world diamonds are purchased from renowned dealers, validated through a partnership with LCX, and stored in a physical vault in Liechtenstein.
- The diamonds are tokenized as ERC-721 non-fungible tokens and can be traded on Tiamonds’ marketplace or other platforms.
- Tiamonds offers transparency, traceability, and the ability to earn royalties on secondary sales. Tiamonds tokenizes real-world assets, specifically diamonds, on the blockchain.
- They offer ownership of physical diamonds through NFTs, backed by a secure vault in Liechtenstein.
- The project introduces automatic staking, where token holders receive TIA tokens as rewards for holding their diamond NFTs.
- Tiamonds is expanding to other blockchains to reduce gas fees and increase accessibility.
- The project is open to collaborations and partnerships with other projects in the RWA and crypto space.
Chapters
00:00 Introduction and Background
03:12 The Diamond Industry and Tokenization
07:57 Tiamonds: Bringing Real-World Diamonds to the Blockchain
11:57 The Process of Tokenizing Diamonds
22:53 Transparency, Traceability, and Added Value
30:00 Future Plans and Use Cases
31:52 Building Strong Communities
35:13 The Value of Real-World Asset Tokenization
41:07 Automatic Staking and Rewards
51:18 Expanding to Other Blockchains and NFT Marketplaces
Socials
Website: https://tiamonds.com
X: https://twitter.com/Tiamonds
Telegram: https://t.me/tiamondscommunity