Tezos

Arthur

Reactor

Kairos

<ul class="wp-block-list"> 
 <li>Access to this market has been limited to institutional investors and has taken the form of over-the-counter trades.</li> 
 <li>Physical U3O8 bought using the specialized decentralized app will be kept at a regulated&nbsp;repository run.</li> 
</ul> 
The brand-new uranium trading platform <a href="http://uranium.io/" target="_blank" rel="noreferrer noopener nofollow">Uranium.io</a>, which is powered by&nbsp;Tezos technology, is live. Uranium.io is a decentralized application (dApp) that was created with the intention of removing obstacles to an asset class that is driving the AI revolution but was previously only available to institutional investors. The platform is supported by <a href="https://archax.com/" target="_blank" rel="noreferrer noopener nofollow">Archax</a>, the first registered cryptocurrency exchange in the United Kingdom, and <a href="https://www.curzonuranium.com.cy/" target="_blank" rel="noreferrer noopener nofollow">Curzon Uranium</a>, a well-known uranium trading firm that has traded over $1 billion worth of uranium since its founding. 
Two main drivers have been driving the steady increase in uranium demand in recent years. First of all, nuclear energy is becoming a more appealing alternative as governments across the globe strive for net-zero emissions objectives that call for carbon-free power sources. Recent large expenditures from well-known tech firms that are struggling to meet the massive energy demands of artificial intelligence infrastructure have further increased this need. Microsoft, Google, and Amazon are all making major moves into nuclear power. To meet its increasing energy needs for artificial intelligence, Microsoft intends to use a reactivated Three Mile Island reactor, Google has a contract with Kairos Power, and Amazon has invested $500 million in the X-Energy Reactor Company. 
Nevertheless, access to this market has been limited to institutional investors and has taken the form of over-the-counter trades with minimum lot sizes of 50,000 pounds and an associated purchase price of approximately $4.2 million, in contrast to other precious metals like gold, silver, and palladium that are easily accessible to retail audiences.&nbsp;Only ETFs, which rely on management effectiveness in monitoring the underlying price and listing availability, have provided retail access to uranium. The minimum lot size limitations that have kept individuals from entering this quickly expanding asset class may be eliminated by tokenizing the physical uranium and shifting ownership on chain. 
Commenting on the launch of Uranium.io, Arthur Breitman, co-founder of Tezos, said: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Real world assets on chain are compelling when they meaningfully reduce friction or enable new economic arrangements. The launch of uranium.io on Tezos is a perfect example – transforming a market previously restricted by massive lot sizes and OTC overhead into something accessible and composable. This is particularly exciting as nuclear power is experiencing a revival.” 
</blockquote> 
Users will find U3O8, often known as “yellowcake,” an essential intermediate stage in the manufacturing of nuclear fuel, with the help of the uranium.io dApp on Etherlink, an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups. Several attractive features, like as the ability to buy actual uranium and link a wallet, will be advantageous to users everywhere. Users of the dApp will also benefit from many of the inherent benefits of decentralized platforms, such as lower counterparty risk, after a simple onboarding and Know Your Customer (KYC) verification process. This is because smart contracts automate trade settlement and custody transfers, removing the need for traditional intermediaries who might fail to fulfill their responsibilities. 
Physical U3O8 bought using the specialized decentralized app will be kept at a regulated&nbsp;repository run and owned by Cameco, one of the biggest uranium suppliers in the world. Holders of U3O8 get access to institutional-grade services from platform partners that are well-known in their industries, adding another level of transparency. 
According to Van Eck’s data, the market valuation of institutional tokenized assets increased from almost $0 to over $300 million between January and September of 2023, indicating that Real World Asset (RWA) tokenization is becoming a major growth driver for the blockchain industry.&nbsp;The biggest asset management in the world, Blackrock, started tokenizing the assets in its portfolios earlier this year. This decision was hailed by many as a major step forward for companies that provide tokenization and decentralized ledger technology. 
Go to <a href="http://www.uranium.io/" target="_blank" rel="noreferrer noopener nofollow">www.uranium.io</a> to find out more about buying U3O8.

Tezos-Powered Uranium.io Launches, Unlocking Access to AI’s Essential Fuel

TheNewsCrypto

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