Tradable Wine Assets Live on OpenSea

From Stella Artois Racehorses to the Denver Beer company’s unlimited beer token, it appears that alcohol producers have NFTs all figured out. Now, it seems, fine wine is getting in on the action.

Wine investment platform, WiV, has developed an innovative method of using the blockchain to validate grape beverages securely and effectively. Gone is the painstakingly slow, error prone verification process of the past. Now, validation of fine wines can occur at the touch of a button, and with the confidence the blockchain provides.

Fine wine has long since represented a tradable asset. Traditionally however, it has been a complex procedure involving tedious paperwork and laborious procedures to guarantee a products authenticity. Now WiV is linking bottles and cases of wine intrinsically and immutably to the blockchain with a tamper-proof method of authenticating the product.

The benefit for wineries is that they have a source of funding the kind of which they have never seen before. Vineyards often rely heavily on financing when producing new wines, as previous batches often take years before they turn a profit. And, now NFTs are proving to be welcome source of extra capital.

Each NFT represents real wine, be it by the bottle or by the case. All of which, are stored in a secure, environmentally stable, insured bonded warehouse. And, because the NFT is backed by a physical asset, it has a tangible and calculable value.

A small note on the website reads a simple message “Whisky – (Coming Soon)”. Oh lord, what a time to be alive.

Visit the WiV marketplace on OpenSea >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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