NeoGold: Real-World Asset NFTs
Have you heard about the future of asset ownership? No? Welcome to Real-world asset NFTsor RWANFTs!
An RWANFT is a token that denotes virtual ownership of a physical good. Those familiar with a standard NFT know what you get — virtual ownership of a virtual item on the blockchain.
Enter RWANFTs — Real World AssetNFTs.
An RWANFT flips the script — you geta virtual asset and receive rights to a physical asset. In short, an RWANFT is a token that denotes virtual ownership of a physical good.
So how does it work?
An RWANFT is paired with NeoNomad’s NFT smart contracts to enable warranties, insurance, and legal enforce ability of ownership of the real-world asset. RWANFTs allow a level of trust unseen in the digital world. Welcome to the future of asset ownership.
MinDeFi provides precious metal NFTs backed by real gold and silver. Each MinDeFi NFT will be issued a Digital PM(Precious Metals) guarantee, showing claims and warranties related to the NFT. NeoNomad’s gold and silver NFTs will be issued as a unique individual art piece and backed by a physical, uniquely numbered gold or silver bar stored in a secure vault. So, when you purchase one of the NFTs in the collection, you get the virtual NFT asset and a physical bar related to the precious metal you are buying. We verify this with the serial number on the NFT. The serial number will tie to the physical bar in the vault.
So how do you verify your NFT? The NFT can be verified by checking the vault audit reports, which an accredited auditor conducts. The reports are always available to all NFT owners. By owning the gold or silver NFT and the physical gold or silver bar, the owner is provided with a multi-layered yield in the form of a unique art piece and a real-world asset!
MinDeFi will augments the mining industry in South Africa by providing NFTs backed by precious metals and minerals like gold, silver, diamonds, iron, and manganese. Through MinDeFi, investors are offered a new and innovative way to invest in precious metals. Gold and silver will be the focus of the first phase of MinDeFi NFTs, with NeoGold making its debut as the forerunner of the MinDeFi investment vehicle. The NeoGold investment offers investors a new way to invest in a timeless commodity — gold.
An owner of a NeoNomad NeoGold RWANFT can request physical custody of the gold bar at any time. Artists can create ultra-rare editions of unique art by binding the art to physical gold. Collectors can buy and sell across marketplaces as quickly as with existing NFTs. All certificates, legal contracts, and other evidence are cryptographically signed, secured on-chain, and stored in Inter Planetary File System (IPFS). Chainlink will provide proof of reserve to validate that gold assets are always physically stored in the vault unless the owner requests physical custody of their asset. Chainlink price feeds for gold will be used to ensure that on-chain prices remain up to date with current gold prices.
MinDeFi will eventually incorporate more metals and minerals, providing truly diversified investment options. MinDeFi delivers a new approach to investing in precious metals via a sustainable and transparent investment instrument.
Let’s start with the obvious. It’s gold! One of the most valuable precious metals on earth. Historically, kingdoms have risen and fallen in power over gold itself. Societies have been fascinated with gold for centuries. When markets go down, people tend to invest in gold as a hedge against the drop in the market and rise in inflation.
The US monetary system used to be based on the gold standard until Nixon changed this back in 1971 (what amistake!). The value of gold has stood the test of time and economic decline. Historically, people have invested in gold through the stock market. You can invest in actual gold bullion or shares of gold-mining companies. Today's most common way of doing this is through gold (GLD) ETFs (Exchange-traded funds). ETFs hold gold, and you get a share of these holdings when you invest in the fund.
Societies always fall back on gold. When other forms of currency don’t work — gold jumps in! Everywhere you go, it is accepted in some shape or form. It has a finite source, making it valuable due to scarcity. But there is also enough of it to create coins, jewelry, and other valuable items. It also doesn’t corrode, giving it a sustainable value.
So how do you get to own gold?
In simple terms — you generally don’t. Unless you purchase jewelry, most gold is purchased as more of an “IOU” as a standard. Usually, this means you’re buying gold grams in bank vaults. But you don’t have access to the physical piece of gold. If the person selling you the IOU (i.e. the bank) goes under, you’ll never see the gold.
RWANFTs solve this problem! When you purchase the NFT, the gold bar is yours. You can request physical custody at any time.
But how do we do it?
This is a big question! How do we manage to provide you with the actual gold piece?
A NeoGold NFT is a digital identity for an object in the form of a unique smart contract that manages authentication, provenance, and rights associated with a given asset. The NeoGold NFT is tethered to physical gold bullion secured in a physical vault. The NFT owner can buy and sell across marketplaces as quickly as existing ERC — 721 NFTs.
Buying this RWANFT on-chainautomatically gives you ownership rights over a physical gold bar. The NFT, aunique piece of virtual art, is tied to the physical gold asset via serial number. You are then free to hold, sell or request physical custody of your gold.
The NeoGold NFTs have a buy-back mechanism built into the smart contract to ensure that the NFTs are always liquid. The NFTs will always be repurchased at market value, plus fees. It’s our way of guaranteeing liquidity.
What do we mean when we mention “multi-layered yield”? Put simply, it refers to multiple ways of earning value.
As mentioned, when you purchase a NeoGold NFT, you receive an art piece in the form of an NFT that the gold is tethered to. So, two things cause a rise in value here. One — as the price of gold rises, the value of the RWANFT rises. At the same time, the NFT holds value of its own and is likely to appreciate.
One of our goals here is to eliminate market manipulation. The market can be fickle, easily manipulated by a simple word from a celebrity that pumps an NFT or crypto. Since RWANFTs are backed by physical, stable assets, they are protected from this kind of extreme market manipulation.
We are expecting to launch in 2024. So very soon!
What can you do to get ready for the NeoGold launch?
Purchasing a NeoGold RWANFT collectible has never been easier! When you buy and Hodl your NNI tokens, you can purchase one of our exciting NeoGold RWANFTS.
Currently, we are established on Solana and Binance Smart Chain. AVAX, Polygon, and Ethereum support will be added in the future.
You can purchase our token (Neonomad Investment token (NNI)) on the NeoNomad swap page.
And on the Solana Blockchain through Raydium.
You can see our team here: https://www.neonomad.finance/about-neonomad (also take a visit to our website)
We are breaking ground on a new industry of multi-layered yield income.
We aim to revolutionize the traditional NFT space and give people a legitimate opportunity to earn wealth in diverse ways. Gold and silver are just the start of what will eventually be a huge market for anyone to take part in. The average person doesn’t normally have access to these kinds of opportunities, and we want to enable everyone to diversify their investments. Everyone deserves the opportunity to create and grow their wealth. NeoGold RWANFTs will set the standard for accessible, stable and diversified NFT investments that promise to transform the DeFi space.
● NeoGold is a unique smart contract that manages authentication, provenance, and rights associated with gold assets.
● The NeoGold NFT is tethered to physical gold bullion secured in a physical vault.
● The NFT owner can buy and sell across marketplaces as quickly as existing ERC — 721 NFTs, with all the certificates, legal contracts, video, and other evidence cryptographically signed and secured on-chain and stored on IPFS.
● The NeoGold NFTs have a buy-back mechanism built into the smart contract to ensure that the NFTs are always liquid.
● As the price of gold rises, the value of the RWANFT rises. At the same time, the rare art piece it is tied to holds value on its own and is likely to increase.
● Gold is its own stable asset,which reduces the chances of market manipulation and instability.
● The NeoGold RWANFTs are established on the Solana blockchain alongside Binance Smart Chain. There are plans to expand to AVAX, Polygon, and Ethereum.
Multi-Chain Ecosystem — NeoNomad operates its own decentralised exchange