Public sale for ownership of the world’s largest carved sapphire scheduled for Nov. 16
Millennium Fine Art Inc. (MFAI) today announced that its wholly owned subsidiary, MS Token LLC, is conducting a Securitized Token Offering (STO).
The STO public sale will commence on November 16th at 12 p.m. EST with a minimum purchase of $500. A total of 150 million tokens will be minted and made available at an STO price of U.S. $3.50 per token. This offering will be conducted through Registration S and Registration D platforms filed with the Securities and Exchange Commission, so any non-U.S. citizen or accredited U.S. investor can participate.
The STO offering levels the playing field by eliminating the ability for naked short sales. A security token represents a tradable financial asset. Every trade on the blockchain is recorded, making it safe and easy to own a piece of the Millennium Sapphire, the world’s most famous blue sapphire.
“As soon as I learned about this project, I knew I had to hop on board,” said Adam Swig, an early investor in the Millennium Sapphire and the Executive Director of the nonprofit Value Culture. “Arts and culture are very close to my heart. How often do people get a chance like this to own part of one of the most incredible gems in the world? With NFTs just getting off the ground this was an opportunity that couldn’t be missed.”
MFAI owns the Millennium Sapphire through subsidiary MS Token LLC (MS Token) and whose main business model is institutional and retail NFT sales.
MFAI CEO, Daniel McKinney added, “We are proud to launch as the most important art STO ever securitized. We’re currently the leading NFT studio in the world as Millennium Sapphire Studios and MS Token have already signed $37.67 million of NFTs in institutional sales this year.”
MS Token has already been approved to trade on CryptoSx after the public sale closes.
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About Millennium Fine Art Inc., and MS Token LLC
With a treasure trove of exclusive content to draw upon, MS Token, the owner of the Millennium Sapphire has put together a team of industry leaders to create a powerful NFT production studio leveraging off of the content carved on the Sapphire. 134 scenes, representing the high points in human civilization over the past 5,000 years, are carved on the Millennium Sapphire. These carvings form the inspiration of MS Token’s NFT productions.
The Millennium Sapphire is widely considered an icon in the world of art and gems. It was designated the World’s Largest Carved Sapphire by Guinness World Records in 2001 and is one of the most documented gemstones of modern times. Since its discovery in Madagascar in 1995, this remarkable blue gem has appeared on CNN, BBC, NBC, FOX and numerous other television networks around the world. It has been written about in virtually every major newspaper and has been the subject of articles published in dozens of magazines, such as Forbes, WSJ and others. The MS was showcased at an Academy Awards event in 2002, and in Seattle in 2004 as part of the festivities surrounding the launch of Princess Cruises’ newest ship, The Sapphire Princess.
MS Token pursues a strategy of partnering with leading digital artists and studios to develop unique NFTs. This strategy allows the company to have an ongoing flow of fresh content drawing inspiration from the original carvings on the Sapphire. From carvings of some of history’s most famous people to landmarks such as the Pyramids and the historic Sputnik launch on the Millennium Sapphire will be developed into NFTs over time. The content produced, will form the basis of the collaborations with world famous digital artists and their interpretations via NFT animations to bring these pieces to life.