WiV Technology to transform wine industry using its blockchain platform

WiV Technology to transform wine industry using its blockchain platform
  • The company has raised $1.5 million which it will use to support the development of its tokenized wine platform
  • WiV is also looking to hire aspirants in the field of design, operations, engineering, and other functions

WiV Technology, a blockchain-based marketplace for trading unique assets, has recently announced securing $1.5 million thru the sale of its $WIVA tokens. Prominent investors who took part in the capital raise include SuperNatural, RedCave Ventures, StableNode, 1010 Capital, Daniel Maegaard, and Tokenization Ltd.

In a press release, WiV Technology said that its platform for tokenized wine has included tamper-proof identity markers to ensure ownership, which is one of the platform's distinctive blockchain features. With this platform, vineyards will be able to create NFTs, digital certificates of authenticity, ownership for cases, and bottles of great wine that investors may buy and hold.

As the plan would result in faster sales and greater liquidity, the group of investors will assist WiV in achieving its objective of transforming the wine industry.

Notably, the move indicates WiV’s gaining interest in NFTs (non-fungible tokens) in DeFi and in the wine industry. The company is also looking to hire new talents in design, operations, engineering, and other functions.

WiV CEO Tommy Jensen said they are pleased to have RedCave Ventures and Daniel Maegaard as their lead investors. RedCave has a plethora of experience in the crypto world, representing a group of highly successful tech entrepreneurs who understand and believe in the Real-World Asset they represent. Both RedCave and Daniel are long-term investors who believe that the company will make a valuable contribution to the wine business via DeFi and NFTs.

According to Daniel Maegaard, WiV is well-positioned to gain from the fast-expanding wine space. While a RedCave Ventures spokesperson said that WIVA is one of the most innovative projects in the crypto world, providing much-needed liquidity to digital assets. Furthermore, WIVA has a promising future.

Source Credit - https://invezz.com/news/2021/07/05/leading-crypto-investors-lead-wiv-technology-token-sale-raise-1-5m/