Official Launch of the First Decentralized NFT Mining “Crypto Stone” Made with Gemma Network Technology

SINGAPORE, March 31, 2022 (GLOBE NEWSWIRE) — Crypto Stone NFT was released on March 30 (local time) and demonstrated its outstanding features at NFTConfex.

The opening of the Crypto Stone beta project was hosted by the event’s keynote speaker, Irvan Tinabudi. Irvan Tinabudi is well known as a blockchain scholar actively working as a blockchain expert, researcher, journalist, and exchange advisor.

Irvan said that “Bitcoin and Ethereum are becoming the symbol of wealth after gold and fiat currency” and added, “If Bitcoin and Ethereum have the value of gold and fiat currency, what type of blockchain technology can guarantee tangible value of jewelry? This question motivated the invention of Crypto Stone. Moreover, Gemma’s first blockchain business was retailing diamonds with a partnership with IDEX. This fact also suited the company’s new business expansion, as the token Gemma’s GXT was used for the purchase of diamonds with NFT contracts.

Crypto Stone was invented taking inspiration from the twelve birthstones. The stone with less quantity available has more value, the mining power can increase with the consumption of GXT tokens on the platform, random crypto stones will be mined at the opening threshold. Mined crypto stones can be traded on the OpenSea and GEMMA platform. It will recognize its value to users.

Crypto stones differ from other NFT products by providing different NFT smart contracts to different stones with each color and shape. GEMMA insisted that “Crypto Stones will be the first NFT that can be valuable without any digital assets or other content.”

Additionally, “Crypto Stones will be minted regularly when GXT token holders gain mining power by joining a mining pool.” GEMMA emphasized that all NFT, DEFI and mining proceedings will take place on GEMMA decentralized smart contract technology. The property of Cryptos Stone will be provided randomly in a number of 600 cases and the higher the rank, the higher the rarity.

GEMMA stated that “the crypto stone platform will be first introduced with the development of the mainnet.”. Adding “GEMMA expects the Crypto Stone platform to be the unprecedented decentralized NFT mining pool, many expert developers in India and Japan are working so hard to let users have visual satisfaction and expectations of stone mining.” The full version of the Crypto Stone platform will be available around May, when the mainnet development is complete. GEMMA has announced a new white paper including the technical explanation. The technological advancement that supports Crypto Stone will be appealing to industry experts.

Crypto Stones will increase its accessibility by connecting to an NFT mining game that GEMMA is developing. More information about Crypto Stone Mining Pool can be found on the official cryptostone.io website.

NFTConfex on the 30th, various blockchain and Metaverse experts participated as a speaker to deliver a speech on NFT market directions and have communications with other attendees.

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Media Contact

Company: GXT (Gemma Extending Tech)

Contact: Rachel yang

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THE SOURCE: GXT (Gemma Extension Technology)