Tangible, the asset-backed NFT marketplace, is bringing a collection of the world’s finest wines onto the blockchain.
Bordeaux Index, the global merchant, will supply the wine, which provides tangible with a vast array of exquisite wine to sell NFTs backed by the liquid assets. Furthermore, they will leverage LiveTrade to do so.
“We’re leveraging LiveTrade, the trading platform of the UK’s leading specialist fine wine merchant, to provide immediate access to NFT collectors across the globe,” said Jag Singh, CEO of Tangible.
The Tangible market launched in January this year, and they have a unique way of doing business. Tangible works differently from traditional NFT markets. They convert real-world assets into NFTs, which they call TNFTs. So far, these assets include gold bars, prestigious watches, antiques, exclusive sneaker drops, and now fine wines. At any time, you can redeem your TNFT for the physical product at no extra cost to the customer.
Tangible claims that this solves two problems. Firstly, it allows investors to diversify their wealth in several asset classes. Secondly, it removes crypto’s cyclical and volatile nature from the equation, giving you peace of mind over your goods.
Finally, Bordeaux Index operates out of offices worldwide in London, Hong Kong, Singapore, and Los Angeles. This gives them a global perspective and the ability to source the finest products available for the NFT marketplace. Tangible is planning to release its complete NFT marketplace soon, and more news is expected shortly.