The Tezos blockchain is the foundation of Uranium.io, which seeks to reduce entry barriers for individual investors.
With Uranium.io, the first decentralized application created especially for uranium trading, blockchain platform Tezos hopes to democratize the uranium trade, which big investors have historically controlled.
Built on the Tezos blockchain, Uranium.io seeks to reduce entry barriers for individual investors by giving them unparalleled access to a market previously only accessible by major institutional entities.
The platform is being launched in collaboration with Archax, the first registered cryptocurrency exchange in the United Kingdom, and Curzon Uranium, a significant uranium trading company with over $1 billion in trades.
The Market for Uranium Will Gain from Ledger Technology
Retail investors have historically only had indirect access to uranium through exchange-traded funds (ETFs).
This dynamic is altered by Uranium.io, which offers tokenized uranium assets.
These assets, created on an unchangeable blockchain ledger, are a part of the expanding trend of real-world asset (RWA) tokenization, improving the accessibility and liquidity of financial and tangible assets.
By using smart contracts to automate procedures, blockchain technology further streamlines participation by eliminating the need for intricate contractual arrangements and financial ties.
Purchased uranium through Uranium.io will be kept in a regulated depository run by Cameco, a world leader in uranium supply, as physical triuranium octoxide (U3O8).
Uranium.io’s launch comes as uranium demand rises due to the world’s transition to nuclear energy as a low-emission substitute.
Nuclear energy is becoming increasingly popular as the need for high-capacity, sustainable power solutions grows in sectors like artificial intelligence.
Microsoft and other corporations are considering nuclear energy options, including reactivated reactors.
Magic Enhances Tezos dApp Development by Integrating Etherlink.
Magic teamed up with Etherlink in May to improve Tezos dApp development with increased scalability and security.
The goal of the integration was to make blockchain users’ onboarding process more manageable. Through the integration of Magic’s user-friendly wallet SDK and Etherlink’s scalability and security, the collaboration aims to enhance the creation of dApps on the Tezos network.
Etherlink is a low-cost, EVM-compatible layer 2 technology that provides fast transaction times.
Its direct integration with Tezos Layer 1 lowers common smart contract risks and offers a strong basis for developing safe DApps.
