Los Angeles, Calif., July 28. 10, 2022 (GLOBE NEWSWIRE) — TiENGOLD will be the first ESG compliance platform to offer digitization of gold mining assets through the use of NFT in partnership with TiENWORLD, a wholly owned subsidiary of Axis Technologies Group, Inc. (OTC pink: AXTG). By partnering with TiENGOLD, our team is working on digitizing physical gold assets using NFT. The initial offering will consist of a test order of digitized gold that will precipitate the actual transaction (including the delivery of physical gold, if the NFT gold buyer wishes) within the next three months. Upon completion of this digitized gold NFT trial program, TiENGOLD will continue to issue future gold NFTs that will entitle its customers to the same terms – including physical delivery of gold, if desired. – up to a total monthly order of US$1 million.
TiENWORLD will benefit from the transaction fees of the project, including the minting of the TIENGOLD NFTs and the trading of these TiENGOLD NFTs on Opensea. Already 1,000 TIENGOLD NFTs have been minted on OpenSea, and 600 units of these TIENGOLD NFTs are already reserved for this trial order by a real gold buyer, TiENGOLD LLC and a letter of credit has been issued. The remaining 400 TIENGOLD NFT units are designated to help fund the logistics and preparation of a gold mining site in Arizona to obtain an NI 43-101 report on 200 acres of designated mining claims. These mining concessions must be prepared for ESG-compliant gold mining by the fourth quarter of 2022.
The project aims to create an ESG compliance blockchain ecosystem for the global distribution, storage and ownership of gold. By linking the three commodities – GOLD, carbon credits and a blockchain-based token, this project is set to help create a new environment that not only increases transparency, but also helps reduce the costs of transaction in terms of high expenses incurred due to intermediaries.
By sourcing and adding new gold from ESG-compliant mining properties, these NFTs will ultimately outperform any competitor’s NFTs due to their underlying asset, which the mining community socially responsible investors called “green gold”. Digital green gold has many benefits, including simplified regulatory compliance and reduced operating costs at the source mine, and the ability to qualify for carbon offsets, which have the potential to add value to these NFT by providing an additional revenue stream never before possible. available in this future digital asset class.”
Axis Technologies Group, Inc.:
Axis Technologies Group, Inc. (OTC Pink: AXTG) is a publicly traded holding company focused on promoting, developing, managing and marketing various aspects of businesses surrounding all aspects of decentralized finance (DeFi). Through acquisitions, strategic investments, and its current holdings, AXTG seeks to support, grow, and leverage various fintech, blockchain, DeFi, NFT, carbon offset digitization, and metaverse projects, opportunities, and initiatives. . Please visit our site at www.AXTG.us for more information.
About TiENGOLD LLC:
TiEN GOLD PTE LTD is the parent company of TiENGOLD LLC. which is engaged in the tokenization of physical gold assets meeting ESG (Environmental Social Compliance) gold mines contained in gold deposits located in the United States.
About TiENWORLD LLC:
TiENWORLD LLC is a subsidiary of Axis Technologies Group, Inc. (OTC Pink: AXTG), a global digital asset gamification and metaverse platform that provides users with the digital asset like NFT media to display in the argumentative reality (AR) and virtual reality VR inside the TiENWORLD metaverse platform.
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Axis Technologies Group, Inc.