Icecap, a platform that tokenizes diamonds on the Ethereum blockchain, launched this week a bid/ask trading marketplace targeting diamond investors.
In a press release, Icecap said the new platform uses the Ethereum ERC721 Non-Fungible Token (NFT) standard to give GIA-graded and GCAL-verified diamonds their own digital tokens, which represent the rights to a single specific diamond stored in a vault. The tokens then function as globally-tradable assets on crypto marketplaces.
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