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FAQ: Datavault AI's $7M Minting Deal and Royalty Partnership with MTB Mining
TL;DR
Datavault AI's $7 million deal with MTB Mining provides investors with a 30% perpetual royalty and positions them at the forefront of digital mineral asset trading.
Datavault AI uses its patented Sumerian technology to digitize MTB Mining's mineral assets into verified digital tokens for the International Elements Exchange platform.
This partnership modernizes mineral verification through transparent digital tracking, creating more ethical and accountable global commerce practices.
Datavault AI is transforming 25 million metric tons of copper and rare Windsor Ruby gemstones into traceable digital assets for virtual trading.
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Datavault AI has announced a $7 million minting deal and 30% perpetual royalty partnership with MTB Mining to digitize mineral resources and transform them into verified digital assets for trading on the International Elements Exchange.
The partnership involves Datavault AI (NASDAQ: DVLT), a provider of data monetization and digital asset technologies, and MTB Mining Limited, a Tanzania-based mining company.
MTB Mining's resources include more than 25 million metric tons of copper reserves, 2.44 square kilometers of proven mineral assets, and notable gemstones such as the Windsor Ruby.
Datavault AI will use its patented Sumerian technology to transform MTB Mining's physical mineral resources into verified, traceable digital assets for the International Elements Exchange virtual refinery.
The International Elements Exchange is a virtual refinery designed to enable compliant, transparent and monetizable real world asset trading of digitized mineral resources.
The partnership includes a $7 million minting deal and a 30% perpetual royalty arrangement for Datavault AI.
This partnership marks a major advancement in modernizing mineral verification and global commerce through a unified digital ledger, creating more transparent and traceable trading of mineral assets.
Datavault AI specializes in AI experience, valuation, and monetization of assets in the Web 3.0 environment, providing data monetization, credentialing, digital engagement and real world asset digitization technologies.
More information about Datavault AI can be found at www.datavaultsite.com, and the full press release is available at https://ibn.fm/s1azn.
Datavault AI uses its patented Sumerian technology for asset digitization, along with WiSA and ADIO technologies for audio applications, and operates through both Acoustic Science and Data Science divisions.
Curated from NewMediaWire
