According to Odaily, Australian gemstone company NYBlue Pty Ltd has announced the successful acquisition of over one million carats of blue zircon. The company aims to reshape the value dynamics of the gemstone market by controlling the global supply chain of blue zircon. Recently, NYBlue released a white paper detailing the pre-sale and subsequent public offering plans for its 'Real World Asset' (RWA) tokens.

Mitch Brownlie, a major shareholder of NYBlue, emphasized that Cambodian blue zircon should be considered one of the most outstanding and undervalued gemstones in the market. Additionally, NYBlue plans to introduce a cryptocurrency called ZIRC, backed by blue zircon. Each token will be redeemable for one carat of blue zircon, allowing consumers to benefit from the appreciation potential of blue zircon without the volatility risks associated with traditional cryptocurrencies.