Base

I just bought 5g of gold! This 1 PAXG_1G NFT is now backed by 1g of gold using PAXG tokens.
https://mint.club/nft/ethereum/PAXG_1G

With Base and Mint Club, it's super simple to own a gold.

Web3 designer of Mint.club and Hunt.town | Find me via bento.me/project7 | Running /chicken meme project

Yeah of course. It uses Mint Club protocol.
https://etherscan.io/address/0x40542DDBDb0eAD488cF916B26A9Bf8E5e3223435

And its collateral asset (parent token) sets to $PAXG token (https://etherscan.io/token/0x45804880De22913dAFE09f4980848ECE6EcbAf78)

Yeah of course. It uses Mint Club protocol.
https://etherscan.io/address/0x40542DDBDb0eAD488cF916B26A9Bf8E5e3223435

And its collateral asset (parent token) sets to $PAXG token (https://etherscan.io/token/0x45804880De22913dAFE09f4980848ECE6EcbAf78)

https://mint.club/nft/ethereum/PAXG_1G

Is there proof that it's backed somewhere?

Main focus: https://github.com/gts1andy/green_coin_option a community driven repository for a GreenCoinDAO Full time DEGEN moonlighting as a meme artist, FOLLOW

The NFT has fixed price of 1g worth $PAXG tokens which is a token pegged to Gold.

4777 $hunt

So, like a stablecoin sort of? Interesting Paxos has been around a long time.