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MYNT Founder interview - a data-backed currency supported by Mayfair 101

Proactive Investors speaks to MYNT Holdings Ltd founder Gary Davis about the company's vision of utilising blockchain technology to deploy digital currency underpinned by data, and hears from Mayfair 101 managing director James Mawhinney about why the investment company was compelled to come aboard as the foundational investor. 

Davis explains, "when we create this huge pool of data we create an asset that has multiple uses, that goes on for a very long time, and the more of it you put together the more touch points there are within the data, so the more value it has.

"So it occurred to me that with currency there'd been a long-time problem with underpinning values to currency... What we felt was that if we could create a currency that was backed by an asset that was growing, had growing value, was consistently generating more and more data; then the currency would be stabilised and securitised in a way that there is no other monetary system currently available that can do that."

 

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