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Benzinga
Benzinga
Business
The Dales Report

Madison Metals Announces Novel Decentralized Uranium-Backed NFT To Challenge Forward Contract Markets

Madison Metals (OTC:MMTLF) Executive Chairman and CEO, Duane Parnham, has always been known as an innovator in the mining space. His latest gambit linking pounds-in-the-ground with non-fungible tokens (NFTs) is his latest idea which is attracting attention in the generally-stodgy world of uranium mining.

On September 30 after market, the Madison Metals announced the signing of a first-of-its-kind uranium forward sales agreement with Lux Partners Ltd. Lux Partners operates Lux Network, the first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners.

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