Značka: Elrond

Elrond rebrands as MultiversX, shifts focus to the metaverse

Elrond rebrands as MultiversX, shifts focus to the metaverse

podľa | nov 4, 2022 | 0 |

The blockchain technology developer Elrond announced it will redefine itself as a new brand with a focus on the metaverse.Formerly known as Elrond, the company will move forward under the new name MultiversX with the introduction of three new metaverse-forward products. xFabric, xPortal and xWorlds are the three new tools behind the rebrand, all of which aim to help metaverse creators and users. The tools include a metaverse portal, digital assets holder, creator utilities and a deployable blockchain module. Beniamin Mincu, the CEO of Elrond, commented to Cointelegraph saying that the new rebanding will benefit both digital and physical reality. “We are now in the position to create a larger path towards growth, adoption and utility, for the real world, and the metaverse.”MultiversX says it plans to continue to build off the community and groundwork the Elrond Network has already put in place such as existing technologies and the ecosystem. Mincu said the Elrond community has always been supportive of new developments.“In order to create a masterpiece, you have to look at the world differently and make bold strokes. The community has always appreciated when we’ve made giant leaps forward.”Earlier this year, the National Institute for Research and Development In Informatics in Bucharest, Romania, announced it will use the Elrond blockchain to develop a decentralized domain system and an NFT marketplace.Related: The Sandbox co-founder explains how the metaverse has evolved for brands: Web Summit 2022This new pivot towards the metaverse from Elrond comes as many brands, networks and even individuals are also shifting focus in the same direction. Despite recent refuted reports on low numbers of metaverse engagement, companies continue to pile in. Recently Meta and Microsoft brought Office 365 apps into the metaverse and a Norwegian tax agency opened an office in Decentraland to reach younger generations. A Q3 report from DappRadar revealed that blockchain games and metaverse projects combined raised $1.3 billion in venture capital investments in the July to September time frame. According to the same report metaverse infrastructure projects made up over 36% of investments for that quarter. Developers across the Web3 space have also upped their metaverse game with new technology rollouts in order to build better digital environments for users.

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ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace

ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace

podľa | jún 14, 2022 | 0 |

On Tuesday, Romania’s National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System.Both services will be built on the Elrond (EGLD) blockchain, which is known for its ability to speed up transactions via sharding. ICI was founded in 1970 and is currently the most institution for government-sponsored research in the field of information technology in Romania. It currently supervises the Romanian National Register for Domain Names. As told by Elrond, the initiatives would be the first of their kind within the European Union. One use for the NFT marketplace would potentially be to digitize, access, transfer and store official documents, property deeds, or various certificates via a decentralized blockchain identity.Meanwhile, ICI seeks to leverage Elrond’s 3,200 strong network validators to overcome the security vulnerabilities of legacy DNS and TLD systems. Adrian Victor Vevera, general director of ICI Bucharest, commented:”Web 3.0 technologies can transform public administration and help its institutions and processes leap forward in terms of efficiency and speed while decreasing costs, overhead, and excessive bureaucratic activities.”Elrond claims its blockchain can process up to 15,000 transactions per second with six-second latency, is carbon-negative, and has negligible transaction costs. This was not Elrond’s first venture in Romania. Three months prior, the National Bank of Romania approved Elrond’s proposal to purchase Romanian fintech Capital Financial Services, also known as Twispay. 

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Maiar decentralized crypto exchange goes offline after bug discovery

Maiar decentralized crypto exchange goes offline after bug discovery

podľa | jún 7, 2022 | 0 |

The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD).Minutes before 12:00 am UTC on Monday, the co-founder and CEO of Elrond, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized cryptocurrency exchange.Soon after, the DEX was taken offline, with Mincu reporting that the issue had been identified and an “emergency fix” was being implemented.In a Twitter thread posted almost 24 hours later at around 11:00 pm UTC on Monday, Mincu said a potentially critical bug was identified that opened “an exploit area that we simply had to address and mitigate immediately.”The suspicious activities have been possibly identified and explained in a Twitter thread by pseudonymous on-chain analyst Foudres, who revealed that the potential attacker deployed a smart contract that somehow allowed them to withdraw over 1.65 million EGLD.Three wallets were able to mysteriously withdraw 800,000, 400,000 and 450,000 EGLD, respectively, which at current prices is worth nearly $113 million in total.The attackers were able to sell around 800,000 EGLD, worth around $54 million, which caused the price of EGLD on Maiar to plummet from $76 down to around $5. The rest of the crypto is either still held in various wallets, has been bridged to USD Coin (USDC) and Ether (ETH), or was sold on centralized exchanges.The price of EGLD dropped 9.5% from around $74 down to a 24-hour low of $65.50 but has since slightly recovered, now trading near $68.Mincu stated in his update that an upgrade was implemented to fix the bug and a technical explanation would be provided after clarification that the implemented solutions are tested and working.Related: DeFi attacks are on the rise — Will the industry be able to stem the tide?He claimed that all funds are safe and will be available when the DEX restarts, which is scheduled for Tuesday, saying most exploited funds have been either recovered in full or will be covered by the Elrond Foundation.As previously reported by Cointelegraph, approximately $1.6 billion in cryptocurrency has been stolen from decentralized finance (DeFi) platforms in the first quarter of 2022, and over 90% of all stolen crypto is from hacked decentralized finance (DeFi) protocols such as DEXs.

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Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ETC, EGLD

Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ETC, EGLD

podľa | mar 20, 2022 | 0 |

Bitcoin (BTC) rose above $42,000 on March 19 but the bulls continue to face a strong challenge from the bears at higher levels. Although Bitcoin’s price has recovered from $37,578 on March 13, Cointelegraph market analyst Marcel Pechman highlighted that the long-to-short net ratio of top traders across three major exchanges shows that professional traders have not been buying aggressively.But while Bitcoin struggles at higher levels, select altcoins are showing strength. Twitter account BTCFuel anticipates that altcoins could be entering “the final leg up of the hype phase” and may peak in the Summer.Crypto market data daily view. Source: Coin360Glassnode data shows that investors have withdrawn roughly 550,000 Ether (ETH) from centralized exchanges year-to-date. Due to the outflows, the exchanges’ net Ether balance has plummeted from 31.68 million Ether in June 2020 to 21.72 million Ether.Could Bitcoin hold above the psychological level at $40,000 and will that shift focus to altcoins? Let’s study the charts of the most notable five cryptocurrencies to find out.BTC/USDTBitcoin is facing resistance near $42,594 which suggests that traders are cautious at higher levels. The price could now slide to the moving averages, which is an important support to keep an eye on.BTC/USDT daily chart. Source: TradingViewIf the price rebounds off the moving averages, it will suggest that the bulls are not waiting for a deeper correction to buy. That could improve the prospects of a break and close above the overhead resistance. If that happens, the BTC/USDT pair could rally to $45,400 and later to the resistance line of the ascending channel.Contrary to this assumption, if the price turns down and breaks below the moving averages, the pair could slide toward $37,000. A bounce off this support will suggest that the pair may remain range-bound between $37,000 and $42,594 for a few days. The bears will have to pull and sustain the price below the support line of the channel to signal the resumption of the downtrend.BTC/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that bears are defending the overhead resistance at $42,594. If the price rebounds off the 20-exponential moving average, the bulls will attempt to push the pair above the overhead resistance. If they manage to do that, the pair could rally toward $45,400.Conversely, if the price slips below the 20-EMA, it will suggest that the short-term traders may be selling near the overhead resistance. That could open the doors for a possible drop to the 50-simple moving average. If this support cracks, the decline could extend to $37,000.LUNA/USDTTerra’s LUNA token rebounded off the 20-day EMA ($86) on March 18, indicating strong buying at lower levels. Both moving averages are sloping up and the relative strength index (RSI) is in the positive territory, indicating an advantage to buyers.LUNA/USDT daily chart. Source: TradingViewIf buyers drive and sustain the price above $96, the LUNA/USDT pair could challenge the all-time high at $105. A break and close above this resistance will suggest the resumption of the uptrend. The pair could first rally to $115 and then to $125.Alternatively, if the price turns down from $96, the pair could again drop to the 20-day EMA. A break and close below this support will suggest that the bullish momentum is weakening. The pair could then slide to the strong support zone at $75 to $70.LUNA/USDT 4-hour chart. Source: TradingViewThe pair has been consolidating between $85 and $96. Although the bears had pulled the price below $85, they could not sustain the lower levels. This indicates strong buying on dips. Both moving averages are crisscrossing each other, suggesting a range-bound action in the near term. If the price rises above $96, the advantage will shift in favor of buyers and the pair could then rally to $105. Conversely, if the price turns down from $96, the pair could drop to the moving averages and then to $85. The bears will have to pull and sustain the price below the $85 to $82 support zone to signal the start of a deeper correction.AVAX/USDTAvalanche (AVAX) broke and closed above the downtrend line of the descending channel on March 18, indicating a possible change in trend. However, the bears have other plans and are currently attempting to pull the price back below the breakout level.AVAX/USDT daily chart. Source: TradingViewIf the price turns down from the current level but rebounds off the downtrend line of the channel, it will suggest that the breakout is valid. That increases the possibility of a rally to the psychological level at $100. The rising 20-day EMA ($78) and the RSI in the positive zone indicate advantage to buyers.Conversely, if the price re-enters the channel and breaks below the moving averages, it will indicate that the recent breakout was likely a bull trap. That may catch several buyers off guard, resulting in a possible decline below the uptrend line.AVAX/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that the rise above the channel had pushed the RSI into the overbought territory. This may have resulted in profit-booking from short-term traders. The pair could now drop to the 20-EMA, which is likely to act as a strong support. If the price rebounds off this level, it will suggest that the sentiment has turned bullish and traders are buying on dips. That will increase the likelihood of the continuation of the up-move.On the contrary, a break and close into the channel will suggest that the bullish momentum has weakened. That could pull the pair down to the 50-SMA.Related: 3 times in March that savvy crypto traders bought breaking news for the price of a rumorETC/USDTEthereum Classic (ETC) picked up momentum after it broke and closed above the downtrend line. Strong buying has pushed the price near the stiff overhead resistance at $38. The bears are likely to defend this level with vigor.ETC/USDT daily chart. Source: TradingViewIf the price turns down from the current level, the ETC/USDT pair could drop to $32. The 20-day EMA ($28) has started to turn up and the RSI is in the overbought zone, putting the advantage with the buyers.If the price does not give up much ground from the current level or rebounds strongly off $32, the bulls will again try to clear the overhead hurdle at $38. If they succeed, the pair could rally to $45 and thereafter to $50.Alternatively, if the price turns down and breaks below $32, the next stop could be the 20-day EMA. A break and close below this level will suggest that bears are back in the game.ETC/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that the pair embarked on a vertical rally after breaking out of the downtrend line. This pushed the RSI deep into the overbought territory. Such overbought levels are usually followed by sharp declines.The pair could drop to the 38.2% Fibonacci retracement level at $33 and later to the 50% retracement level at $32. The bulls are likely to defend this zone aggressively. If the price rebounds off this support zone, the buyers will attempt to drive the pair above the overhead resistance and resume the uptrend. The bullish momentum may weaken on a break and close below $32. The pair could then drop to the 61.8% Fibonacci retracement level at $30.EGLD/USDTElrond (EGLD) broke and closed above the moving averages on March 15, indicating that bulls are attempting a comeback. The bears have been attempting to pull the price back below the moving averages but the bulls have thwarted their efforts.EGLD/USDT daily chart. Source: TradingViewThe 20-day EMA ($151) has started to turn up gradually and the RSI has risen into the positive territory. This suggests that the path of least resistance is to the upside. If buyers push the price above $169, the EGLD/USDT pair could extend its up-move to the psychological level at $200. The bears are expected to mount a strong defense at this level.This positive view will invalidate if the price turns down and plummets below the 20-day EMA. Such a move will suggest that the recent break above the 50-day SMA ($155) may have been a bear market rally. The pair could then again drop to $125.EGLD/USDT 4-hour chart. Source: TradingViewThe bulls pushed the price above the overhead resistance at $160 but the bears quickly pulled the price down and attempted to trap the aggressive bulls. Although the price broke below the 20-EMA, the bears did not build upon this advantage. This indicates strong buying at lower levels.The bulls have again pushed the price back above $160 and are trying to resume the up-move. The bullish momentum could pick up on a break and close above $169. This positive view will be negated if the price turns down and breaks below $152.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD

Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD

podľa | dec 5, 2021 | 0 |

Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period.During the recent fall, Ether (ETH) has continued to outperform Bitcoin. While Bitcoin’s market dominance has dropped below 41%, Ether has continued to gain ground and its market dominance has risen above 21%.Crypto market data daily view. Source: Coin360Some analysts believe that Bitcoin’s recent decline could result in a lengthy phase of consolidation. Decentrader co-founder filbfilb expects Bitcoin to consolidate well into the first quarter of the next year. Lex Moskovski, CIO of Moskovski Capital, also expects “a slow grind up.”Could Bitcoin hit a bottom within the next few days? Let’s analyze the charts of the top-5 cryptocurrencies that could lead the markets higher.BTC/USDTBitcoin had taken strong support at the 100-day simple moving average ($54,496) in end-September, making this an important support for the bulls to defend.BTC/USDT daily chart. Source: TradingViewHowever, the bears had other plans. They pulled the price below the 100-day SMA on Dec. 3 which may have triggered several stop losses. That resulted in panic selling and the BTC/USDT pair plunged to $42,000 on Dec. 4. The bulls bought this decline with vigor as seen from the long tail on the day’s candlestick.The downsloping 20-day exponential moving average ($56,219) and the relative strength index (RSI) near the oversold zone suggest that bears have the upper hand. If the pair continues lower from the current levels, the next stop could be the strong support at $40,000. Conversely, if the price turns up from the current level, the pair could rise to the 100-day SMA, which may act as a strong hurdle. A break and close above this level will be the first sign that a stronger recovery is possible.BTC/USDT 4-hour chart. Source: TradingViewThe pair has been trading inside a descending channel pattern. The bears pulled the price below the support line of the channel but bulls purchased this dip and pushed the pair back into the channel.If bulls successfully defend the support line, the pair could rise to the 20-EMA. This level is again expected to act as a strong resistance. If the price turns down from the 20-EMA, it will signal that sentiment remains negative. That may increase the likelihood of a break below the channel.If that happens, the pair could drop to the strong support zone at $42,000 to $40,000. Conversely, a break and close above the 20-EMA will be the first sign that sellers may be losing their grip. The pair could then rise to the resistance line of the channel.ETH/USDTEther (ETH) has been range-bound between $4,868 and $3,900 for the past few days. Although bears pulled the price below the range on Dec. 4, they could not sustain the lower levels. The bulls bought this dip aggressively as seen from the long tail on the day’s candlestick.ETH/USDT daily chart. Source: TradingViewIf bulls sustain the price above $3,900, the ETH/USDT pair could rise to the 20-day EMA ($4,326). A break and close above this level could clear the path for a possible rally to the all-time high at $4,868. The bulls will have to overcome this barrier to signal the resumption of the uptrend.Contrary to this assumption, if the price turns down from the current level, the bears will make one more attempt to sink and sustain the pair below $3,900. If they succeed, the pair could plummet to the strong support at $3,400.ETH/USDT 4-hour chart. Source: TradingViewThe pair’s rebound is facing stiff resistance near the 61.8% Fibonacci retracement level at $4,215.12. The 20-EMA is sloping down and the RSI is in the negative territory, indicating a minor advantage to the bears.If the price breaks the $4,000 support, the pair could drop to $3,823.98. A break and close below this level could result in a retest of $3,503.68.Conversely, if bulls drive the price above the moving averages, the pair could rise to $4,654.88 and then challenge the all-time high.MATIC/USDTPolygon (MATIC) has been trading inside an ascending channel pattern for the past several days. The bulls pushed the price above the resistance line of the channel on Dec. 3 but could not sustain the higher levels. This may have prompted profit-booking on Dec. 4.MATIC/USDT daily chart. Source: TradingViewThe MATIC/USDT pair plunged to the 100-day SMA ($1.54) but buyers stepped in and bought this dip. However, the long wick on today’s candlestick indicates that bears are selling near the resistance line.The 20-day EMA ($1.85) is sloping up and the RSI is in the positive zone, signaling advantage to buyers. If the current rebound sustains, the bulls will again attempt to thrust the price above the resistance line.Alternatively, a break and close below the 50-day SMA ($1.76) could pull the price to the 100-day SMA.MATIC/USDT 4-hour chart. Source: TradingViewThe pair’s recovery is facing selling at the 78.6% Fibonacci retracement level at $2.21. If bears sink the price below the 20-EMA, the pair could decline to the 50-SMA and then to the 100-SMA. A break below this support could open the doors for a decline to $1.54.Conversely, if the price rebounds off the 20-EMA, the bulls will again try to thrust the pair above $2.21. If they manage to do that, the pair could rally to $2.40. The bulls will have to clear this overhead hurdle to thrust the pair to the all-time high at $2.70.Related: Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploitALGO/USDTAlgorand (ALGO) plunged below the critical support at $1.50 on Dec. 4 but the bulls bought the dip aggressively as seen from the long tail on the candlestick. The bulls will now try to push the price above the moving averages.ALGO/USDT daily chart. Source: TradingViewIf they do that, the ALGO/USDT pair could rise to the resistance line. This is an important level for the bears to defend because a break above it could invalidate the descending triangle pattern. The pair could then rise to $2.36 and later to $2.55.Contrary to this assumption, if the price turns down from the moving averages, it will indicate that bears are selling on rallies. The pair could then retest the support at $1.50. A break and close below this level will complete the bearish setup. The pair could then drop to $0.80.ALGO/USDT 4-hour chart. Source: TradingViewThe pair has been trading between $1.60 and $2 for some time. The bears pulled the price below $1.60 but could not sustain the lower levels. This suggests aggressive buying on dips. The bulls have pushed the price back into the range.If buyers drive the price above the moving averages, the pair could rally to the overhead resistance at $2. On the other hand, if the price turns down from the moving averages, the bears will again try to sink and sustain the pair below $1.60. If they manage to do that, a retest of $1.32 is likely.EGLD/USDTThe sharp rally in Elrond (EGLD) from $287 on Nov. 17 to the all-time high at $544.25 on Nov. 31 pushed the RSI deep into the overbought zone. Vertical rallies are generally followed by waterfall declines and that is what happened in the past few days. EGLD/USDT daily chart. Source: TradingViewThe EGLD/USDT pair turned down from the all-time high and plunged to $224.62 on Dec. 4, completing a 100% retracement of the latest leg of the rally.A minor positive is that bulls purchased the lows on Dec. 4 as seen from the long tail on the day’s candlestick. The buyers are currently attempting to defend the uptrend line and push the price back above the 50-day SMA ($324).If they manage to do that, the pair could rise to the 20-day EMA ($364) where bears may again mount a stiff resistance. If bulls overcome this hurdle, the pair could rally to $425.Conversely, if the price dips and closes below the 100-day SMA ($271), the pair could extend its slide to $200.EGLD/USDT 4-hour chart. Source: TradingViewSharp selling pulled the price below the uptrend line but the bears could not sustain the lower levels. This indicates strong accumulation on dips. The pair quickly climbed back above the uptrend line but the bulls could not clear the barrier at the 20-EMA.This indicates that sentiment remains negative and traders are selling on rallies. If the price sustains below the uptrend line, the next stop could be $224.62.On the contrary, if the price turns up from the current level and breaks above the 20-EMA, it will indicate that the bears may be losing their grip. The pair could then start a recovery, which may reach the 50-SMA. A break and close above this resistance could clear the path for a possible rally to the $425 to $440 resistance zone.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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French startup brings vintage vines to the NFT market

French startup brings vintage vines to the NFT market

podľa | dec 3, 2021 | 0 |

Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from Metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year.But one French startup is taking more of an ambitious approach with wine NFTs. In an exclusive interview with Cointelegraph, Samuel Balthazard and Yacin Kharroubi, the chief executive officer and chief product officer of World Wide Wines, respectively, discussed the logistics of making French wine available on the blockchain. Samuel is the descendant of the family operating the Château du Rouët vinery in Provence, which has existed since 1840. The project itself is built on the Elrond network. At 300 people we close the Wine List (it will reopen later with new conditions)More details in our Discord : https://t.co/Oj6s9i8HGS This is just the beginning of World Wide Wine and an advice… Never Forget to Taste a wine #NFT #Elrond — World Wide Wine NFT ⚡️ (@wwwineNFT) November 30, 2021Cointelegraph: A bottle of wine will cost differently, for example, in France than in China due to difference in taxes and customs duties. So what’s the setup here with regards to such payments?Samuel Balthazard: So, for the system, for the taxes, we have created a token named GRAPES. And when you buy an NFT, you stake some token in exchange for the permit to have the bottle. Then, when you want to take the bottle back [delivered], we use a system to know if there [are] enough GRAPES based on your country. For example, if you are in China [where the import taxes are high], you need to have more GRAPES tokens to pay the taxes. If you are in France, you are supposed to need fewer tokens.CT: So, where are you guys in terms of product development? Are you guys already selling these NFTs or just building like the prototypes?Yacin Kharroubi: So yeah, actually, we have been building this project for several months. But, we made the official announcement 10 days ago. So now, we have created all of the design 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.CT: How will you guys ensure the safety and security of the bottles as there is an off-chain risk? SB and YK: Yeah. For that, behind every NFT, there are three real bottles of wine because of the safety and the security. For these three bottles, we put them in three different vineyards, like we want to work at a cloud system, but with bottles.Securing each NFT in a three-bottle setup is the first step of the process because we want to assure that if one bottle is lost or two bottles are missing, we still have the third one, but the customer will only own one bottle. We buy three bottles. But when you wait for one bottle, if nothing happens with each other, they go to the marketplace. So, and with NFTs, you have discounts on this marketplace. So you can go […] on the marketplace and buy a discounted bottle. And the first part [is] we want to create a ‘wine menu.’ And it will be like an invitation to wine events or a discount in a wine bar or things like that.The second step in terms of safety is about insurance. When you stake an NFT, you have some GRAPES. 30%, it’s for fees; 30%, it’s for the owner of the wine, stock, storage; 30%, it’s for the vineyard. Meanwhile, the remaining 10% goes to us. So if the vineyard lost a bottle, he does not receive his GRAPES, so he has an [economic] interest in taking care of the bottle. And you can claim your bottle when you have enough GRAPES to pay the fees and shipping fee.CT: It says that each NFT will represent a different type of wine on your site. So how will you guys determine the quality of wine?SB and YK: Yeah, for so for this part, it’s about data and data science. So, in the beginning, we wanted to show the wine’s vintage as an attribute, but vintage is too subjective and too difficult for customers to choose. So we decided to create an attribute based on quality. And for this attribute, we’re going to use historical data, but we will create a prediction model. So analyzing all the data which allows us to determine quality, for example, the weather, the rain, and sunshine of the vineyards where grapes are grown.Related: Despite the bad rap, NFTs can be a force for goodCT: Would you guys like to include any other statements or visions about what you are doing?SB and YK: So we want to have three main objectives; first, digitalize the wine ecosystem, then, educate the people on how to spot good wine, and finally, gamification of the wine ecosystems [via the Metaverse]. We have a lot of ideas, for example, one wine collection of NFTs and then another. The ultimate step is to arrive at the real wine market with real wineries.The last part, I think it’s important, it’s why the vineyards would be interested? The first part, it’s about the second market. So, for example, when the Domaine Château du Rouët sells a wine, they control the first market. But, if the bottle appreciates in value over time, the winery doesn’t control that. And with NFTs, you can put royalties on the second market, so Domaine Château du Rouët gets a commission from resales

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