WiV Technology, an ERC-721 established non-fungible-token (NFT) platform representing real estate assets, today announced it has added Arkane Market, an NFT market and pocket platform, to its list of marketplaces in which people can access tokenized good wine.
Arkane makes it easy for collectors to make wallets and easily exchange fine wine on the blockchain. Moreover, the platform provides easy accessibility to a community of more than 200,000 additional Arkane users.
How It Works
The usage of blockchain-based NFTs makes good wine trading faster, cheaper, and more transparent. Bottles or cases of wine have been designated a distinctive non-fungible token (NFT) which can be traded in various blockchain-based marketplaces. The wine is stored in professionally managed cellars.
“Mixing the Arkane Network is a natural evolution of our multichain strategy. Arkane’s tools make it simple for individuals to exchange wine onto the blockchain even if they have not been involved from the crypto sector before. Their metaverse growth is also very interesting because we believe that it is a perfect fit for tokenized fine wine. Together with the metaverse, you can have a virtual cellar full of fine wines; represented with exceptional NFT artwork even in the event that you don’t have room for a wine cellar in the actual world. We’ve also found that the team behind Arkane has a great vision for the future and their blockchain-agnostic approach dovetails neatly with how we’re growing the WiV platform.”
WiV’s NFTs on Arkane Network Provides an elegant representation of this world of modern wines; with a rare Kvevri wine out of Georgia, a certified organic Spanish red, along with a Pinot Noir from Argentina.
To celebrate this partnership, WiV is giving away one NFT representing a case of 6 bottles of Dzelshavi. This is thought to be one of Georgia’s oldest grape varieties, emerging from the 5th century AD.
The WiV system is a blockchain-based method for protecting and valuing the provenance of fine wine. WiV Technology plans to offer WiV as a white-label solution to present wine dealers and wholesalers; permitting such businesses and their clients to benefit from fast, safe, and low-cost trading.
Last month, Arkane shut a $1.55M seed round financing to cultivate its NFT blockchain technology stage.