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WiV Technology, a blockchain-based investment framework for wine producers, consumers, and merchants, is set for a January launch of WiVX, a $10 million DeFi fund governed by the network’s WIVA utility token.
Tokenizing The Multi-Billion Dollar Wine Industry
As blockchain continues to disrupt traditional business models, WiV Technology presents another promising real-world use case of this novel technology. By merging the best features of blockchain technology with the traditional wine industry, WiV Technology has emerged as the first ecosystem where fine wines meet non-fungible tokens (NFTs) and decentralized finance (DeFi).
WiV has already changed the face of the wine industry with its governance and utility token WIVA ($WIVA), allowing users to buy, sell and borrow money by using wine as collateral. With the help of blockchain-specific features like anti-counterfeit identity markers and NFTs, WiV Technology ensures actual ownership of wine and other fine spirits by offering valuable features like provenance record-keeping, trading liquidity, geolocation functionality, and additional market assurances.
To advance the platform’s expansion, WiV Technology has revealed a January 15th, 2021 launch date for its first DeFi fund, WiVX. Dubbed the “industry’s first DeFi fund based on real-world assets,” WiVX will feature a full-proof and transparent method for assessing the fund’s underlying asset value, offering investors passive access to the compelling returns of rare wines and fine spirits.
“Identifying exceptional wines before they are recognised by the rest of the market motivated our progressive>Georgian government with promoting local flagship wine brands globally using NFTs.
With the wine industry cementing itself as one of the most stable investment options, WiV Technology’s WiVX initiative is poised to play the critical role of offering everyone an equal opportunity to access financial stability without any red tape.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.