Sapphire Swap launches the first AI-powered tokenized gemstone marketplace on Base, bringing real sapphires to DeFi via the $SFT token.
Author: Chirag Sharma
Written On: Wed, 07 May 2025 18:48:25 GMT
On May 13, 2025, Sapphire Swap will officially launch the worldâs first AI-driven gemstone marketplace on the Base blockchain. Introduced through the PROOF platform. Sapphire Swap allows users to invest in tokenized sapphires where each backed by a certified, ethically sourced physical stone stored securely. The platform is powered by its native token, $SFT, and aims to bring RWA into DeFi with a transparent, accessible investment model.
The sapphires, sourced from Sri Lanka, come with industry-grade certifications. Through its GemBidder auction system, users can bid on rare stones like high-value Gewda sapphires. Total returns projected are up to 300%. The platform also features a luxury jewelry line under âSapphire & Co.â and offers physical delivery and redemption options.
Sapphire Swap employs artificial intelligence to grade gemstones, ensuring authenticity and precision. The $SFT token plays a central role in the ecosystem, enabling governance participation, auction access, staking through GemStake, fee discounts, and unlocking premium features. Total supply of 1 billion tokens and a final tax structure of 5/5. The tokenomics are designed for sustainability and community reward.
Led by Web3 strategist Riz Mohamed and business advisor Chris Maalouf, SapphireSwapâs team brings together expertise in blockchain, gemstone markets, and e-commerce. The project is backed by key partners including Covey Network and Genesis Capital, and has completed KYC verification. The project has completed smart contract audits, and locked liquidity for 365 days via Assure DeFi.
Sapphire Swap is pioneering a new asset class where it is bridging traditional gem investing with the speed, transparency, and efficiency of DeFi. RWAs are projected to become a $5 trillion market by 2035. This launch represents a key milestone in tokenizing tangible, high-value assets. Investors now have 24/7 access to sapphire markets that were once gated by exclusivity.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Ant International to Apply for Stablecoin Licenses in Hong Kong and Singapore
Stripe Acquires Crypto Wallet Developer Privy to Expand Stablecoin Ambitions
Coinbase to List PancakeSwap, Subsquid, and Fartcoin Today
PancakeSwap Introduces One-Click Crosschain Swaps to Simplify DeFi
Ant International to Apply for Stablecoin Licenses in Hong Kong and Singapore
Stripe Acquires Crypto Wallet Developer Privy to Expand Stablecoin Ambitions
Coinbase to List PancakeSwap, Subsquid, and Fartcoin Today
PancakeSwap Introduces One-Click Crosschain Swaps to Simplify DeFi