The French startup – World Wide Wines (wwwines), is bringing its vintage wines to the NFT world. In fact, this collection is not just mere images but each World Wine NFT backs 3 real wine bottles.
Image Credit: World Wide Wines
All about French Startup’s, World Wine NFT project
Basically, the project aims to work on three main objectives. First, digitalize the wine ecosystem. Second, educating people on how to select a good wine. And finally, gamification wine ecosystem through a metaverse platform.
Furthermore, the company has curated the token $GRAPES. These tokens will help to import taxes across various countries. Withal the company whitelist for the first 300 NFT drops is already filled
Safe and Security of Wine bottles
Interestingly, the French startup has an innovative plan to ensure the safety of bottles in one go. So, every World Wine NFT backs three real bottles, which comes from three different vineyards. But this is to note that the holder will get one wine bottle on each NFT. On the contrary, if one or two bottles out of the three go missing or get damaged, the customer will still have a third one.
Image Credit: www
Whereas, if none of them is damaged, the bottles go back to the marketplace. Moreover, with World Wine NFT you can obtain the wine bottles at a discounted price.
In the terms of staking tokens, the company has brilliantly attached the safety of wine bottles to it. When anyone buys the World Wine NFT:
- 30% of the stake is for fees
- 30 % is for the owner of the wine
- 30% goes to the vineyard
- 10% is for the wwwines.
Therefore, this method ensures proper care of the wine bottles via the staking process.
How the World Wine NFT project is relevant?
Besides, the company started working on this project several months ago. Also, it is built on the Elrond network which is an emerging blockchain.
Since there are different types of wine available, the company will ensure quality through its various attributes. These attributes will be linked to the quality of the wine. The aim is to enable customers to choose the perfect fit for them.
Particularly, the World Wine NFTs will also benefit the vineyards. As the bottle appreciates in value over time, the vineyards get no share from that. But with royalties, they can get a commission on each resale.
Technically, the team use historical data and they’ll also create a prediction model. Finally, they’ll analyze all the data to determine the quality. For eg, the weather conditions like rain or sunshine of the vineyards are part of the data.
Yacin Kharroubi, the chief product officer quoted, “We are going to launch the first drop of 300 NFTs, and we have already managed some partnerships with NFT collections and wineries for the moment”.
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