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Jewels in a

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The Meta verse has emerged, unwrap ping huge and varied potential for the jewellery world in Blockchain space and its tokenizing technology of NFTs( Non Fungible Tokens ). With the dawn of 2022, designers and entreprene­urs suddenly seem enthused to get their foot in the meta verse door, an urgency driven by an underlying anxiety of being left behind.

Across the jewellery world, there is talk of tokenizing. NFTs for physical/digital jewel pairing is on the rise and more jewellery designers are dropping into platforms inhabited by artists and creating NFTs that are paired with physical jewels, usually for limited edition collection­s or one-of-a-kind, high value pieces.

At the same time, a quiet niche is emerging to serve owners of multiple NFTs to display these assets in the physical world via jewels and watches with intrinsic technology to display, in real time, the wearer’s NFTs and digital assets on the surface of the jewel.

For collectors who want to keep adding wondrous pieces to their jewel chests while staying ahead of the tech curve, Icecap LLC in the United States is offering NFTs for luxurious, one-of-a- kind jewels via the platform Open Sea. Collectors can own a physical piece virtually, and even fractional­ize the ownership of these extremely high-end pieces, while Icecap vaults the pieces on their behalf, says founder and CEO, Jacques Vo or he es. When the collector decides they want to have or wear the physical piece, they redeem the N FT and Icecap sends the piece to them, Jacques explains.

Icecap’s bolder move is its use of NFT technology to create what it describes as “a transparen­t and efficient diamond market for investors .” Ice cap’ s N FT diamonds are sold via OpenSea, at opensea.io/assets/icecapdiam­onds. “Our NFT is essentiall­y a certificat­e with a Gemologica­l Institute of America (GIA) certificat­e number inscribed on it and represents ownership of a real diamond.”

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