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The FS Club Podcast

The FS Club Podcast

Business

How To NFT A Greenland Rare Earths Mine

How To NFT A Greenland Rare Earths Mine

2023-02-15
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Find out more about this event on our website: https://bit.ly/3lzPLG2

Often the first uses of a new technology seem frivolous in hindsight. Blockchain technology spent its first few years in the public eye as the backbone for inherently value-less “cryptocurrencies.” As the sky-high values of things like BTC and ETH were soaring, blockchains were adapted to NFTs or Non-Fungible Tokens, the headline grabbing examples of which were digital pictures of drunk hominids on sailboats. Fair enough, if you’re a silly celebrity who has slipped past your financial handlers and blown $300,000 on a digital picture some kid threw together in the basement last week. As that goofiness recedes, the adults in the market are slowly coming to realize how powerful the NFT structure is for smoothing trading and providing bulletproof audit trails for real assets like property and commodities. Christopher Messina has spent his career seeing connections across industries. In this case he saw the potential to create relative liquidity in commodity markets that have no centralized platform. As CEO of Tanbreez, the world’s largest rare earths, zirconium and tantalum mine in Greenland, he realized that NFTs are the perfect structure to connect commercial buyers of critical minerals directly with the mine producing them. Join us for an engaging discussion on this new offering, the Critical Minerals NFT.


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