Metaplex Foundation signed a memorandum with Crucible Limited to explore creating gold tokens on the Solana blockchain tied to future production from an unnamed mine. Crucible would fund the mine upfront, and token holders using Metaplex's MPL-3643 standard could receive distributions in tokenized gold as production occurs. Key details like the mine's identity, fund size, and token terms remain undisclosed, and the project is still in proposal stage without confirmed funding or token issuance. The initiative aims to expand onchain finance beyond traditional assets by tokenizing less conventional ones like gold production rights.
Metaplex and Crucible's exploration of Solana gold tokens offers context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 12, 2026 02:02 WIB: out of 50 priced major cryptocurrencies, 34 rose and 14 fell today. Notable movers include AVAX at Rp155.472 with a 3.73% increase and 81% buy order activity, ATOM at Rp25.758 up 3.15% with 80% buy orders, and DOT at Rp15.533 rising 2.83% with 77% buy orders.
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