Uranium.io, an exclusive marketplace for uranium trading operating under Tezos Technology is launching as a dApp. As per Uranium.io, the platform targets to eliminate hindrances to an asset class driving the AI revolution, currently for institutional investors. The company shared the details of its release in a comprehensive press release.
New Uranium Marketplace ‘Uranium.io’ Announces Its Launch to Drive AI Revolution
Uranium.io disclosed that it gets support from the well-reputed Curzon Uranium and Archax to streamline the trade of uranium which powers the AI revolution. Since its launch, Curzon Uranium has reportedly traded above $1B in uranium up till now. Additionally, Archax has the credit of being the earliest registered cryptocurrency exchange in the United Kingdom.
In previous years, uranium has seen a significant increase in demand based on a couple of prominent factors. Firstly, worldwide governments are looking for net-zero emissions objectives that require power sources free of carbon. In this way, nuclear energy becomes an attractive option. Additionally, the recent significant investments from top technology platforms face the massive energy requirements concerning the AI infrastructure.
Entities such as Amazon, Google, and Microsoft are all making noteworthy moves to leverage nuclear power. Particularly, Microsoft has a strategy to utilize a reactivated reactor named Three Mile Island. Google is partnering with Kairos Power while Amazon is investing up to $500M in the X-Energy Reactor Company. These endeavors focus on the spiking demands related to AI energy.
Even then, dissimilar to the rest of the rest of precious metals like palladium, silver, and gold, the uranium market is only accessible to institutions. On the other hand, retail investors can access the other top metals. However, along with being limited to institutional players, uranium mostly sees over-the-counter trades. These trades account for a least size of nearly 50,000 lbs.
Moreover, retail investors can only use exchange-traded funds to access uranium. Nonetheless, they rely on management efficiency in tracking the listing availability and underlying price. According to Uranium.io, with the tokenization of the physical uranium, it becomes convenient to eradicate hindrances concerning least lot size compulsions.
The Tezos-Powered Uranium-Trading Platform Offers Access to the Formerly Restricted Market
Arthur Breitman, Tezos’ co-founder, said that Uranium.io’s launch on Tezos aims at revolutionizing a market formerly restricted into something composable and accessible. He added that this is especially thrilling while nuclear power sees a significant revival.
