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Mining rights tokenization platform Elmnts completes $2 million pre-seed fundraising

Elmnts, a Solana-based tokenization platform for mineral rights, the right to exploit underground resources such as oil and gas, has raised $2 million in pre-seed funding. The round was led by Graph Ventures, Foundation Capital and B + J Studios. According to reports, 45% of the funds will be used for "development" and 30% will be used for "legal/regulatory".