"Try trading wine with NFT now"...It also catches counterfeit goods [Kim Joowan's blockchain user] > NFT_News KDCA(한국데이터공인인증원)

#. After hearing from an acquaintance that the price of wine purchased a few years ago has risen a lot, I accessed the wine NFT (Non-Replaceable Token) trading platform "Bank of Wine." Dozens of expensive wines worth more than 1 million won were seen. However, it was not easy to invest directly in expensive wine for one reason or another. I found a wine that I can drink without any burden even if it is not sold. Wine NFTs purchased here can be sold to others, or you can receive and enjoy the wine yourself. "Chatto Daughterbo 2017" caught my eye. It is said to be named after general John Daughterbo, who fought against Jeanne d'Arc of France during the Hundred Years' War in Europe. This wine NFT was minted (issued) for 130,000 won in August last year. At that time, the user who purchased the NFT was selling it for 140,000 won. First, I decided to ask my acquaintance if it was delicious wine.

 

 

"Try trading wine with NFT now"...It also catches counterfeit goods [Kim Joowan's blockchain user]

World's First Wine NFT Exchange

Services that use NFTs to innovate existing industries are coming out one after another. Bank of Wine of Blinkers, a local startup, seeks to improve the local high-end liquor market with NFTs. Bank of Wine is the world's first wine and liquor NFT investment bank, the company explained.

 

Blinkers was founded in 2021 by KAIST and UNIST graduates. In February of the same year, he won the start-up competition event "D-Day" of the Bank Youth Startup Foundation (D-Camp). It has attracted 1.5 billion won worth of pre-series A investment from KB Investment, Future Play, and D-Camp.

You need a virtual asset wallet to use Bank of Wine. Because I have to save the wine NFT I bought. Bank of Wine uses Kaikas, a Clayton-based virtual wallet. First, sign up on the Bank of Wine website and link Kaikas. To purchase minted NFTs, you need to deposit the deposit. If you write down as much money as you need, apply for a deposit, and put money into the guided account, the deposit will be put into the account. It's simple from next time. You can buy wine NFTs just like you buy things at an online shopping mall.

 

"Try trading wine with NFT now"...It also catches counterfeit goods [Kim Joowan's blockchain user]

The Bank of Wine NFT feature is that it connects the real thing to the NFT. BAYC (Bored Monkey's Yacht Club), one of the representative NFTs, exists only as digital information. Bank of Wine's NFT is also a product of blockchain in itself. However, it is also a token of ownership of one particular wine in the real world. NFT owners can visit Blinkers' offices to show their NFTs and pick up their wines.

Activation is also possible with NFT. About 10-20% of wine sold on the market is known to be fake. However, it is difficult for ordinary consumers to know the authenticity of wine. Blinkers only makes and sells genuine wines as NFT products. Since NFTs cannot be falsified, wines connected to the NFTs can continue to be recognized for their genuine value. Blinkers plans to secure more genuine wine by strengthening cooperation with related companies within this year.

 

 

Regulatory bypass to NFTs

The most notable innovation in Bank of Wine is separate. Fixed the issue of liquor sales regulations with NFTs. Alcohol trading between individuals is prohibited in Korea. This is for reasons such as securing tax sources, public safety, and consumer protection. The government collects liquor taxes from liquor vendors. Liquor tax applies to products with an alcohol content of 1% or more. Annual liquor tax collection is around 1 trillion won to 3 trillion won. The government is also preventing individuals from selling alcoholic beverages in consideration of the addictive nature of alcohol and product stability.

 

A wine expert explains the wine to be tasted at the Bank of Wine event last year. Provided by Blinkers

 

However, some point out that the ban on the sale of alcoholic beverages prevents the free economic activities of the people. There is also criticism that the cost of the government to supervise and regulate the act is often higher than the amount of tax collected. Bank of Wine deflects from these controversies. It's not illegal because it's an NFT deal, not wine. It does not affect the government's tax sources because wine that has already been taxed is sold as NFTs. Blinkers, which directly checks the holders of NFTs, will not give alcohol to teenagers.

This is not the only service available through the use of NFTs. Blinkers will also issue the so-called "M-NFT (Memory NFT)." The list of wines received by Bank of Wine users was made into NFTs. You can engrave a list of wines you have drunk transparently on the blockchain. The history of what wine you have experienced among wine lovers is very important information. Previously, the information was opaque and was a simple area of trust. Blinkers offers a wine history that anyone can trust with NFTs.

What about wine NFTs as an investment product. Differentiation occurs due to the fact that it is linked to the real thing. Usually, the volatility of the NFT market price is large. According to global NFT trading platform OpenC, the average selling price of BAYC fell more than 70% from 170 Ethereum in August last year to 45 Ethereum this month. Some argue that NFTs are digital pieces of no value, so it is nothing strange to change to 0 won. But wine NFTs are different. The market price is hard to fall below the actual price of wine. This is because it is 'wine NFT = actual wine'.

 

Wine safe on display at CES 2023. Reporter Kim Jong-woo

 

Blinkers is expanding its wine business based on NFTs. The wine safe was unveiled at CES 2023 held in January this year. It is a silver cylinder made of stainless steel, and its overall shape is similar to that of a tumbler. Blinkers designed the wine safe in the form of putting individual tumblers-shaped carriers in square storage boxes. The wine safe keeps the wine in optimal condition. It can be set according to each wine, such as the appropriate temperature and humidity, the level of vibration applied to the wine, and the slope at which the wine is placed. The NFC (Near Field Communication) tag is also used to allow only authorized users to open the safe.

 

 

The growth potential of Bank of Wine is expected to be watched more. First of all, NFTs are not familiar to existing wine lovers. The process of issuing virtual asset wallets and depositing deposits is also cumbersome. There are also risk factors like other financial products in that the principal is not guaranteed.

추천0