Diamond Dawn is a first-of-its-kind NFT initiative developed by Mike Moldawsky in partnership with Moldawsky Diamonds, famous artist David Ariew, and Tony Herrera, an experienced entrepreneur and inventor in the web 3.0 arena.
The initiative makes use of blockchain and NFT technologies to encourage diamond sourcing that is transparent and ethical.
It is the creation of entrepreneur Mike Moldawsky, a member of the well-known Moldawsky family with deep roots in the diamond industry.
David Ariew is one of the world’s most notable NFT painters, recently selling an NFT piece at Sotheby’s for $224,000. He developed two of the three Beeple X Madonna NFTs and has worked with major musicians like as Katy Perry, Zedd, and Deadmau5.
Tony Herrera is a visionary with a lengthy history of creating and pioneering in the domains of cryptocurrencies, blockchain, and non-fungible tokens. He is a founder member of Galaxis as well as other metaverse-focused DAOs such as MeebitsDAO, NeonDAO, and ReadyPlayerDAO.
Diamond Dawn is a 6-month project that will be completed. The project’s four phases are identical to the four stages of natural diamond processing that occur in the actual world.
All of these stages are carried out using an interactive interface created by Asaf Snir, a website design professional with 15 years of experience who specialises in innovative visual experiences and parallax technologies.
The collector will mine a digital Rough Stone in Diamond Dawn’s virtual mine in the first phase. Following that, the collector evolves their diamond until it achieves the perfection of the digital diamond conceived by David Ariew.
The fourth and final phase is when the collector must decide whether to keep the virtual digital diamond or have it turned into a real diamond.
If they pick the physical diamond, they will get a limited-edition art work made by Moldawsky in the form of a GIA-certified diamond. The real diamond will have the exact same colour, shape, and carat weight as the NFT diamond.
One critical feature of the idea is that the NFT that backs the actual diamond is subsequently incinerated. This will then increase the scarcity value of the remaining NFTs, potentially making them more precious than the real diamonds themselves.
The gems are kept at the Moldawsky Diamonds vault, which is located within the Israel Diamond Exchange, the world’s largest diamond exchange.
An NFT is a data unit that may be sold and exchanged. It is recorded on a sort of digital ledger known as a blockchain. The NFT can be linked to a specific digital or physical item, such as photographs, art, music, or sports highlights, and can grant licence rights to utilise the asset for a specific purpose.
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