To expand the blockchain-based wine investment platform, WiV Technology will launch a $10 million WiVX Open Ended DeFi Fund in January 2022.
Adding value to real-world wine assets by token
In an effort to provide users with enhanced liquidity and access to low-cost financing opportunities, WiV . technologyThe world’s first blockchain-based brand to integrate promising winemaking with high-yield NFTs, will soon launch WiVX, a $10 million DeFi fund governed by WiVA code ($WIVA).
The WiVX fund combines the efficiencies and decentralization of crypto with the stability and performance of the fine wine sector, which has handily outperformed every traditional asset class over the past two decades.
With the launch of WiVX, WiV Technology will establish itself as the first decentralized finance (DeFi) fund backed by real assets.
Assigning real value through coding, WiVX will allow users to secure secured loans for physical assets related to the wine industry. Tokenized assets can be listed for sale through open markets to increase global exposure.
Håkon Harberg, co-founder of WiV Technology, notes, “Identifying exceptional wines before they are recognized by the rest of the market has motivated our progressive, data-centric approach to wine investing. Our data analysis methods and insights will help this fund increase returns and stand independently of the Other industry indicators. Developing it as a DeFi fund based on physical assets means we can make participation efficient, transparent and relatively low-cost. It is an important next step in achieving our goal of creating value for our WIVA ecosystem token, making this type of investment open to a much broader audience.”
Blockchain Wine Disruption
As the first platform at Polygon to offer non-fungible tokens (NFTs) backed by physical assets, WiV technology leverages blockchain to deliver faster, cheaper and more transparent transactions.
The platform facilitates tokenization lending, enabling wine-based businesses to borrow up to 50% of the total value of their wine assets.
Following the launch of the WIVA token in August and the exceptional growth of its platform, WiV is leading efforts to support real-world use cases through blockchain technology.
Through the platform, vineyards can convert their wine into a token and trade it across various markets globally, providing liquidity to an asset class that has consistently outperformed other assets in the real world.
The WIVA token powers the WiV ecosystem to facilitate blockchain-based verification and trading of NFTs associated with wine brands by seamlessly connecting the stable and profitable wine industry in the growing DeFi sector.
With the WIVA token in place as a utility and governance token for the WiVX Trust, WiV Technology is spearheading a new borderless, transparent, digital economy for the wine and spirits industry.
Besides serving as a utility and governance token for the platform, WIVA also enables users to participate in the WiVX Exchange Trading Fund as a governing DAO community.
As a result of this decentralized approach, all token holders will be eligible to vote on any proposed investment strategy, asset allocation, and rebalancing events while receiving rewards based on their investment and the overall success of the fund.
WiV technology allows users to assign each wine asset to a matching digital code that securely collects valuable information about the provenance of each bottle and stores the associated transaction history.
Unlike wine bottles, the platform provides vineyards, traders, and owners an opportunity to showcase (and markup) their assets whenever they wish to trade online.
