coinquora.com
The Israel-based fine jewelry brand, Yvel, expands into the blockchain world with the launch of Independent Non-Fungible Security (INFS), a trading platform that merges blockchain with real-world, customizable guarantees as precious stone decorated 24-karat gold tokens.
Earlier this week, Yvel launched its ‘Genesis Phase’, the pre-sale stage of these 2,500 24-karat gold tokens. These tokens allow the accredited investors to earn up to 25% of the profits made by the platform and engrave the token to their specifications.
Keeping in mind the volatility of traditional NFTs and cryptocurrencies, Yvel explores INFS which provides digital security by connecting blockchain technology with a material protection layer. On the INFS trading platform, any company can issue INFS with customizable guarantees, offering rewards from products, experiences, subscription services, or profit-sharing.
As the prime guarantor of INFS and its respective platform, Yvel will manufacture the INFS assets: 5,000 24-karat gold tokens with precious stone settings, out of which 2,500 has already been launched. These tokens are priced at $10,000.
INFS assures protection and physical representation in the form of a precious commodity. Both investors and customers of a company can hold INFS to gain profit, trade to other buyers, or redeem the coin for $10,000 worth of Yvel jewelry.
Speaking on the occasion of this INFS launch, the CEO of Yvel, Eliaz Gabay, mentioned that INFS embodies the intrinsic values of Yvel and is a step toward powering the future of the fine jewelry industry. Gabay further stated:
INFS is our vision to evolve how blockchain financial products can serve investors in any company or project
Through the introduction of this project, Yvel joins the bandwagon of expeditiously embracing blockchain technology, as some of the leading brands in the luxury industry, including Gucci, Balmain, Lacoste, TAG Heuer, and Balenciaga, seem to have done in the recent days.