The live Wiva is $0.085423 USD with a 24-hour trading volume of $188,611 USD. They update the WIVA to USD price in real-time. WIVA is down 7.14% in the last 24 hours. The current CoinMarketCap ranking is #3445, with a live market cap of not available. The circulating supply is not available and a max. supply of 200,000,000 WIVA coins.
Turning fine wine into NFTs that are being traded through the fintech platform. This will be the foundation for the WiV ecosystem, creating a new, inclusive and borderless economy for physical assets in a digital world. Tokenization of the wine enables the real-world physical asset to be bought and/or sold far more quickly, efficiently, and securely in comparison with traditional paper-based approaches.
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Wiva Coin is a global industry with at least a two-thousand-year heritage that today is estimated to be worth more than US $345B. When most people think about wine, they picture memorable social occasions, vacations in the famous winery regions, and an industry full of wealth. But behind this veneer is a hard agricultural business with both winners and losers. The winners are all too often an ever-decreasing number of ever-larger players. They deliver volume and consistency for the supermarkets, but the cost can be a sad loss of uniqueness, artistry, and culture.
They are on a mission to make wine trading and investing more accessible for everyone. They are already turning fine wine into NFTs that are being traded through the award-winning fintech platform WiV.io
Producers and collectors can instantly buy, sell and borrow money against their wine through the platform, giving them rapid access to finance without having to endure extensive bureaucratic processes.
WiV will issue a native currency called $WIVA. This will be the foundation for the WiV ecosystem, creating a new, inclusive and borderless economy for physical assets in a digital world.
Tokenizing and Extracting Value from the Multi-Billion Wine Industry
Wiva wine industry’s heritage spans millennia and has evolved to command hundreds of billions of dollars. While wine is integral to society, as an investment, the sector consistently outperforms the traditional financial market. At the same time, the sphere is malleable enough where technology can be incorporated for even better efficiency and higher profitability. The advent of new technology like blockchain can be used in various facets of the industry, from quality control to supply chain management. Authentication for wine producers will still be possible in WiV.
However, few projects allow for wine tokenization and the creation of vibrant, high-volume marketplaces where stakeholders can trade, a value proposition that’s now being tapped. WiV plans to launch a platform where industry participants can trade and borrow their assets with physical wine. In this arrangement, a wine producer would use the blockchain for provenance, tokenize wine, and use these tokens to borrow up to 50 percent of the wine’s assets. After that, wine assets are auctioned off, and value is used in creating the next valuable batch.
Wiva Coin is building a blockchain infrastructure on the public network, that contains smart contracts and middleware systems. This engine is to be used with the aim of tokenizing assets through a non-fungible token that is 100% wine backed with a token representing a single wine or case of wine.
They have developed a multi-layer platform, where you can tokenize anything NFT. They have an open API and easy to integrate solution for 3rd party marketplaces or exchanges. All smart contracts and lines of codes are developed in-house and they own all IP. So far, they have focused on the Ethereum protocol and Polkadot with their Substrate chain and in April they integrated with Polygon L2.
Your Wines, The World
By purposefully focusing on the wine industry, WiV is on a mission to fully embrace, understand and deliver on its vision to make a difference. As the platform matures and the network grows, other similar verticals can be expanded into.
Tommy Nordam Jensen – CEO AND FOUNDER
Wiva serial entrepreneur in the tech space for the last two decades has been involved in mergers and acquisitions with Atea, Motorola, Tucows, and Verisign. Expert Advisor to EU’s H2020 program.
Håkon Harberg- COO AND FOUNDER
Serial entrepreneur, investor, and advisor in the tech start-up field with several successful exits and international awards. Expert Advisor to EU’s EASME program.