Mattereum Asset Passport
An original 14K gold mood stone ring
This is a Mattereum Asset Passport. It is used to prove the value of physical objects. The physical objects are usually stored in a vault and bound to an Ethereum blockchain NFT. The Mattereum Asset Passport is made of a series of signed legal statements about the valuable attributes of the physical object. In most cases, you can buy a legal warranty on these legal statements, protecting you in case of error or fraud.
Disputes are heard using special legal procedures, suitable for resolving disputes of these kinds, made binding under the 1958 New York Convention on Arbitration.
See this object’s NFT Listing.
Warranty 1: Asset Identity
Data
- Certification Title
Asset Identity
- Certification Short Title
Identity
- Asset Title
An original 14K gold mood stone ring
- Asset Summary
An original mood stone ring in 14k gold, accompanied with original velvet pouch and mood stone user guide.
- Unique Mattereum ID
goldmoodstonering.1975
- Asset Class
Pop Culture Artefact
- Certification Basis
This information is based upon an in-person examination of the asset.
- Certification Description
The "mood ring" category was created by Josh Reynolds and initially marketed as the "Mood Stone" ring in August 1975. The original Mood Stone rings were cast in sterling silver and gold plated silver ("Vermeil"). Massive PR featured the Mood Stone as ‘a ring of truth’. This was based on certain principles of “psycho-physiology” and further research by the inventor leading to the design of the original Mood Stone as a calibrated thermal biosensor of relative states of nervous system activity, typically reflecting emotions, such as fear and anxiety. Mood rings not only became one of the major fashion crazes of the 1970s, they are widely considered a unique cultural icon in the history of pop culture artefacts.
The silver and gold plated mood rings were mass produced and sold for $45 ($227 in today’s value) by major department stores throughout the United States. However, only a very few 14 carat gold Mood Stone rings were manufactured and either sold or given to a few Q-trans' backers. To this day the Certifier believes that only one ring, as described below, survived the 40+ years since its manufacture.
An original 14K gold Mood Stone ring, has an identifying inscription on the inner band - "MOOD ⍬ STONE 14K". The stone is no longer functional as its thermochromic liquid crystal material loses its temperature-colour responsiveness over time. The ring comes with its original velvet pouch and the original, proprietary Mood Stone Living Color guide.
- Producer
Josh Reynolds, of Q-Tran Ltd
- Date Of Production
1975
- Place Of Origin
New York City, New York
- Materials And Techniques
A 14K gold ring set with an oval quartz crystal cabochon (the "stone"), with thermochromic liquid crystal "film" (with specifically engineered temperature-colour parameters) bonded to the bottom of stone with a specific "epoxy" with multiple specifications. Rings were either cast in wax or "fabricated".
- Measurements
Ring band thickness: 5mm
Stone: 12x16mm oval.
- Provenance
The Certified Gold Mood Stone Ring had only one owner, Joseph DioGuardi, former US Congressman and financial backer of the Company. The ring has been maintained in a safe deposit box of Mr DioGuardi's since its manufacture in the summer of 1975.
- Research Record
The Mood Stone evolved out of extensive "psycho-physiologic" testing of hundreds of "subjects" at the Stress Transformation Center, a division of Q-Tran Ltd in New York City, New York. Testing established correlations between finger temperature (modulated by peripheral blood flow) and associated "mood", or emotional states (e.g., fear, anxiety versus calm and relaxed), reflecting autonomic nervous system activity levels. Stone colour-rendering "thermochromic" cholesteric liquid crystal materials were then calibrated to have colour reflect relatively specific nervous system activity levels reflecting associated mood and stress <> relaxation states.
The rings were immensely popular and attracted a wave of publicity starting with the Eugenia Sheppard New York Post article arranged by DioGuardi. Articles about Reynolds and his "ring of truth" were featured in People Magazine, the New York Times, the New York Post and the Daily News, along with major newspapers and TV newscasts throughout the US. Within weeks it was reported that celebrities, such as Dustin Hoffman, Barbra Streisand, Ali McGraw, Steve McQueen, Sophia Lauren, Polly Bergen, Mohammed Ali and Cher and others were all wearing and showing off their Mood Stone rings. The following references are but a few of the many news articles and stories that drove the historic success of the Mood Stone ring:
"The ring of truth", Inside Fashion by Eugenia Sheppard, the New York Post, July 17, 1975,
"The ring tells all" by Enid Nemy, The New York Times, August 23, 1975 Viewable Here (accessed 18 May 2021),
"See here, your mood is showing" by Isabel Forgang, the Daily News, August 11, 1975,
"Kiss me and watch my ring turn blue", The New York Times, September 10, 1975,
"From movies to mood rings", Politicos Sport Varied Pasts, September 16, 1985, Gannett Newspapers,
Fashion Fads Through American History: Fitting Clothes into Context, by Jennifer Moore, Greenwood Press, Westport, CT, 2015,
"Was the Mood Ring A Gateway Drug to an Era of Self-Obsession?" by Tao Tao Holmes, Atlas Obscura, February 19, 2016,
- Reference Media
Contract
- Warranty Price
1% of the sale price of the object or its corresponding NFT.
The Warranty Price is referred to in the Mattereum Certification Contract as the "Certifier Fee".
- Liability Regime
Normal, variable liability regime (Mattereum’s standard dispute procedure, explained in the Pre-Action Procedure section of the Certification Contract, will apply to this certification).
- Maximum Liability
Original purchase price
- Certification Standard
Absolute Liability -- The information provided about the asset is true in all respects.
- Certification Duration
From the date of subscription, henceforth in perpetuity.
- Certifier Name
NFT Creative Enterprises LLC
- Certifier Postal Address
The address of the Certifier is retained by MTRM Industries Ltd. and will be made available to warranty subscribers in the event of a dispute being lodged.
- NFT Token Address
- NFT Token ID
- Authenticator
MTRM Industries Ltd.
- Registrar
MTRM Industries Ltd.
Issuer
Warranty 2: NFT Pairing
Data
- Certification Title
NFT Pairing
- Certification Short Title
NFT
- Asset Title
An original 14K gold mood stone ring
- Asset Summary
An original mood stone ring in 14k gold, accompanied with original velvet pouch and mood stone user guide.
- Unique Mattereum ID
goldmoodstonering.1975
- Asset Class
Pop Culture Artefact
- Certification Description
This asset has been paired to a non-fungible token (NFT), the details of which can be found in the Contract section of this Certification.
Possession of this NFT enables the possessor to take custody of this asset as per NFT Creative Enterprises' Terms of Service. The first purchaser of the NFT, that is to say the purchaser who buys it from its initial owners, NFT Creative Enterprises LLC, is also enabled to take custody of a physical replica of the asset, as per NFT Creative Enterprises' Terms of Service. Subsequent owners will not receive a replica from NFT Creative Enterprises LLC. This replica of the ring will have the following features: it will be made of sterling silver gilded with a required thickness layer of 14K gold, a premium ring design known as Vermeil; it will contain a new fully functioning mood stone; and it will be accompanied by an original user guide to the mood stone ring featuring the “Living Color Code”, a guide to interpreting the different colour states shown by the mood stone.
There is a lot of fraud in the NFT space, and it is important to ensure that the NFT you are buying is actually the specific NFT bound to this physical asset, and not in fact a counterfeit. The NFT detailed in this Asset Passport is the correct NFT. If you come to this Mattereum Asset Passport from a site such as OpenSea, you should click on the link provided at the top of each warranty to be shown the correct NFT listing (rather than using your back button). If the web sites and web browser have not been compromised, doing so will show you the correct NFT.
- Asset Security
This asset is stored in a storage facility in New York. The details of this facility are confidential for security reasons, but can be made available upon request by the NFT owner.
Vault fees are pre-paid on this asset for 12 months from the time this NFT was issued. Subsequent vault fees are the sole responsibility of the asset owner.
Contract
- Warranty Price
0.9% of sale price of the object or its corresponding NFT.
The Warranty Price is referred to in the Mattereum Certification Contract as the "Certifier Fee".
- Liability Regime
Normal, variable liability regime (Mattereum’s standard dispute procedure, explained in the Pre-Action Procedure section of the Certification Contract, will apply to this certification).
- Maximum Liability
Original purchase price
- Certification Standard
Absolute Liability -- The information provided about the asset is true in all respects.
- Certification Duration
From the date of subscription, henceforth in perpetuity.
- Certifier Name
NFT Creative Enterprises LLC
- Certifier Postal Address
The address of the Certifier is retained by MTRM Industries Ltd. and will be made available to warranty subscribers in the event of a dispute being lodged.
- NFT Token Address
- NFT Token ID
- Authenticator
MTRM Industries Ltd.
- Registrar
MTRM Industries Ltd.
Issuer
Warranty 3: Carbon Offset
Data
- Certification Title
Carbon Offset
- Certification Short Title
Carbon
- Asset Title
An original 14K gold mood stone ring
- Asset Summary
An original mood stone ring in 14k gold, accompanied with original velvet pouch and mood stone user guide.
- Unique Mattereum ID
goldmoodstonering.1975
- Asset Class
Pop Culture Artefact
- Certification Description
The total carbon output for production of the NFT paired with this asset as described in Certification 2 (NFT) of this Asset Passport has been estimated as below 300kg using the NFT CO2 footprint calculator provided by CryptoArt.
A quantity of carbon offset certificates equalling the total carbon output presented above were purchased from Nori Inc. at a cost of $17.25 per ton (inclusive of a transaction fee of $2.25) on 23 July 2021 for a total of $17.25. These carbon offset tokens were expended to offset the total carbon output of this asset's corresponding NFT described in Certification 2 (NFT) of this Asset Passport.
- Supporting Material
Copy of the Nori Certificate of Carbon Removal issued to MTRM Industries Ltd. PDF
Contract
- Warranty Price
0.1% of the sale price of the object or its corresponding NFT.
The Warranty Price is referred to in the Mattereum Certification Contract as the "Certifier Fee".
- Maximum Liability
Purchase value of the carbon offset certificates provided by Nori Inc.
- Liability Regime
Low-liability regime (Mattereum’s Small Claims Procedure, explained in the Small Claims Pre-Action Procedure section of the Certification Contract, will apply to this certification)
- Certification Standard
Absolute liability (The information provided is true of the object in all respects.)
- Certification Duration
1 Year
- NFT Token Address
- NFT Token ID
- Certifier Name
MTRM Industries Ltd.
- Certifier Signatory Name
Vinay Gupta
- Certifier Email
- Authenticator
MTRM Industries Ltd.
- Registrar
MTRM Industries Ltd.
Issuer
