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Dúté Island – The world’s first asset-backed NFT marketplace for the Gem & Mining industry Momentro and The R-Factory in partnership to create the first asset-backed NFT platform for the gem and mining industry. While the global gem and jewellery industry is currently valued at 85.2 billion dollars, around 90% of the industry in mining countries remains dominated by traditional, family-run businesses. The resultant market has taken on an undemocratic nature, where authentication and certification are the major barriers to entry. If the industry is to be impactfully modernised, a shift of trust and authority seems incumbent. This is where Dúté Island, a partnered project by Momentro and the R Factory, enters the picture with a vision to transform this market through a state-of-the-art combination of blockchain technology, non-fungible-tokens and a decentralized, democratic standpoint. ...