Solana-Based Elmnts Launches Commodity Tokenisation Platform

In the every evolving world of cryptocurrency, an interesting concept is bringing revolutionary change to the game. Say hello to real world assets (RWA) on blockchain. Blockchain technology has found its way to our everyday assets.

Real world assets are assets that exist in the world and are represented by through a digital token on the blockchain. This could mean that someone's ownership of a home is represented by a digital token while underlying assets and transactions take place in the physical world. Some other examples of real life assets that can be tokenised range from tangible assets like artwork, stocks, cars, golds and collectibles to intangible assets like equity, carbon credits, and bonds.

Elmnts combines RWA and booming commodities market

Elmnts isn't the first RWA project that the founder of Elmnts,Odai Ammar, has dabbled in. Prior to Elmnts, Ammar had another company called LiquidProp, a fractional real estate investment platform that leverage on blockchain and Real World assets to make real estate investing more accessible. This time, Ammar is trying apply the same concept on the commodities market.

We all know that the minerals market can be really lucrative right. But in reality, the commodities market is often dominated by a few companies because of how high the barrier of entry is. Therefore, Elmnts is poised to change this issue and revolutionising how investors access and interact with the commodities market through the use of blockchain technology. Through blockchain concepts such as fractional ownership, and automating complex financial transactions through smart contracts, it lowers the barrier of entry into the commodities market, allowing investors to access and benefit from these valuable assets. Ultimately, this makes the process of commodities trading more seamless, efficient and accessible.

Elmnts scores pre-seed funding for mineral rights platform

Elmnts has just raised $2 million in pre-seed funding at a $20 million valuation. The round was led by Graph Ventures, Foundational Capital and B+J Studios with participation from Asymettric Fund, Anagram, Raj Gokal, Anatoly Yakovenko, Austin Federa, Autonomy Capital and MonkeVentures. The company will be distributing 45% of the funding for development and 30% will be channelled towards regulatory and legal purposes.

Elmnt inviting you to its Private beta

Elmnt is now inviting you to join their private beta. Once you have successfully registered, you will be exposed to an array of investment opportunities. Users can also start loading up their e-wallets and start their investment journey on the platform.

This beta launch marks a significant step for the project, demonstrating its progress in developing a platform that can effectively tokenize real-world assets. As the project continues to grow, it is expected to add support for more commodities, further expanding the investment opportunities it can offer to users.