Icecap Launches, High-End NFT Diamond and Jewelry Collectibles

Company announces new line at launch event in Dubai following relocation to the region

 

Dubai, UAE, May 07, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) – Icecap, LLC, the first company to offer investment-grade diamonds via NFT technology, announced today the launch of tokenized “Icecap Collectibles,” a selection of high-end natural and rare colored diamonds, plus unique finished jewelry pieces.   Initial offerings will include an intense red diamond valued at approximately $3 million USD.

The announcement came during Icecap’s prestigious launch event held at the Ritz Carlton Hotel in the Dubai International Financial Center, following the company’s recent relocation of its headquarters to Dubai.

Non-Fungible Tokens, or NFTs, are blockchain-based tokens which document ownership of real-world or virtual world assets. They recently gained worldwide attention in March when an NFT representing ownership of a piece of digital art was sold by Christie’s for $69 million.  As blockchain tokens, once sold they can move efficiently between buyers/sellers for trading purposes on NFT exchanges.

“NFT technology has opened up diamonds as an asset class for diversification,” explained Jacques Voorhees, CEO.  “Diamonds typically out-perform inflation, but now with NFT technology diamonds can be bought, sold, and traded almost as efficiently as gold and silver.  Thanks to NFTs, we might say the world’s hardest asset is now liquid.”

Icecap is the brainchild of the father/son team of Jacques Voorhees, who revolutionized the diamond industry in the 1980’s by introducing online trading technology via Polygon, and Erik Voorhees, the well-known bitcoin advocate and founder of ShapeShift.

“Interest in diamonds as an investment goes back over a thousand years,” continued Voorhees.  “But diamonds are not fungible—each one is unique.  The technology of non-fungible tokens now makes it easy to trade this asset class without the friction of having to track the physical product itself—which is kept secure, vaulted, and insured.”

Icecap’s diamond tokens are traded on the world’s largest NFT exchange, OpenSea.io.  A buyer can hold the token as an investment, sell the token to liquidate, or redeem the token and take delivery of the physical diamond itself—which can later be re-tokenized if desired.

Icecap’s decision to relocate from the United States to Dubai was an easy one, according to Voorhees.  “In the last twelve months, Dubai has become the primary trading center for diamonds globally.  And the UAE is a global leader in having a stable and well-evolved regulatory framework for the trading of blockchain assets.  Dubai in general, and the DMCC free-zone, in particular, is a natural home for a company that combines diamonds with NFT trading.”

Icecap’s new line of diamond collectibles are targeted to those who value rarity and uniqueness over liquidity.  The Company’s “investment grade” diamonds, by contrast, are lower price point, less unique, but highly liquid.  “There’s a market for both,” added Voorhees.  “And NFT technology is ideally suited to both.”

For more information on Icecap, please visit https://icecap.diamonds/.  To visit the OpenSea marketplace directly, go to https://opensea.io/assets/icecap-diamonds.

About Icecap
Icecap, LLC, which opened for business in 2020, is the first company to use the ERC721 Non-Fungible Token (NFT) standard to provide a revolutionary way to buy and sell diamonds.  By making the tokens tradeable, while the diamond is kept in a secure vault (redeemable at any time), the normal friction for diamond investors and collectors is removed.  www.icecap.diamonds

About OpenSea
OpenSea was founded in 2017 and is today the largest NFT marketplace, representing both digital and real-word assets.  www.OpenSea.io

 

Media Contact: Transform Group – Icecap@transformgroup.com
Company Contact: Icecap –  sales@icecap.diamonds

Icecap Launches, High-End NFT Diamond and Jewelry Collectibles 1
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,929.00
ethereum
Ethereum (ETH) $ 2,949.58
cardano
Cardano (ADA) $ 2.31
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 351.60
xrp
XRP (XRP) $ 0.946031
solana
Solana (SOL) $ 136.51
polkadot
Polkadot (DOT) $ 30.03
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.209692
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,929.00
ethereumEthereum (ETH)
$ 2,949.58
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 518.10
litecoinLitecoin (LTC)
$ 151.82
bitcoinBitcoin (BTC)
36.574,22
ethereumEthereum (ETH)
2.512,95
tetherTether (USDT)
0,851970
bitcoin-cashBitcoin Cash (BCH)
441,41
litecoinLitecoin (LTC)
129,35
bitcoinBitcoin (BTC)
31,324.65
ethereumEthereum (ETH)
2,152.26
tetherTether (USDT)
0.729685
bitcoin-cashBitcoin Cash (BCH)
378.05
litecoinLitecoin (LTC)
110.78

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,778 0.10 % 0.26 % 11.37 %
Ethereum2,930.3 0.11 % 0.24 % 14.51 %
Cardano2.300 0.33 % 0.96 % 3.09 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin350.62 0.03 % 1.53 % 14.79 %
XRP0.9418 0.51 % 0.24 % 12.46 %
Solana136.25 0.08 % 2.40 % 19.90 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.10 % 0.04 % 0.19 %
Dogecoin0.2095 0.19 % 0.21 % 13.39 %

bitcoin
Bitcoin (BTC) $ 42,929.00
ethereum
Ethereum (ETH) $ 2,949.58
cardano
Cardano (ADA) $ 2.31
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 351.60
xrp
XRP (XRP) $ 0.946031
solana
Solana (SOL) $ 136.51
polkadot
Polkadot (DOT) $ 30.03
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.209692