Yvel, an Israeli fine jewellery company, enters the blockchain world with the launch of Independent Non-Fungible Security (INFS), a trading platform that combines blockchain with real-world, customisable guarantees in the form of precious stone studded 24-karat gold tokens.
Yvel began its ‘Genesis Phase,’ the pre-sale stage for these 2,500 24-karat gold coins, earlier this week. These tokens allow accredited investors to earn up to 25% of the platform’s income and engrave the token to their specifications.
Yvel investigates INFS, which provides digital security by integrating blockchain technology with a material protective layer, in light of the instability of traditional NFTs and cryptocurrencies. Any corporation may issue INFS with customised guarantees on the INFS trading platform, delivering incentives in the form of items, experiences, subscription services, or profit-sharing.
As the primary backer of INFS and its platform, Yvel will produce the INFS assets: 5,000 24-karat gold tokens with precious stone settings, of which 2,500 have already been distributed. These tokens are $10,000 each.
INFS provides security and physical representation in the form of a valuable commodity. INFS can be held by both investors and clients of a firm for profit, traded to other purchasers, or redeemed for $10,000 worth of Yvel jewellery.
On the occasion of the INFS launch, Yvel CEO Eliaz Gabay stated that INFS symbolises Yvel’s inherent principles and is a step toward powering the future of the fine jewellery business. Gabay went on to say:
INFS represents our idea for how blockchain financial solutions might benefit investors in any company or project.
With the launch of this initiative, Yvel joins the rush to embrace blockchain technology, as several of the world’s most prestigious companies, like Gucci, Balmain, Lacoste, TAG Heuer, and Balenciaga, appear to have done recently.