Wuna: Winemaking and DeFi – Democratizing Ownership

Winemaking and cryptocurrency have very little in common. The one is a centuries-old craft that has been passed down through generations. The other is a new industry with less than a decade of history.

Blockchain is growing in popularity, and teams around the globe are discovering unimaginable uses cases and building intricate relationships.

Wuna is one such project – an experiment at this stage with the central goal of spotlighting independent wine producers who don’t have easy access to a wider market digitally and trying to make meaningful change.

What is Wuna?

Before we get to the core of the project, let’s talk about winemaking. The wine is made from a rare Krakhuna grape variety. This is one of Georgia’s medieval kingdoms.

Winemakers are the Sopromadze Family – people who believe in freedom and a strong philosophy. This wine has a unique feature: the grapes are grown in a location where they can draw all the nutrients from the ground.

What does all this have to do the blockchain? The family donated 420 Krakhuna harvest 2019 bottles, and Wuna issued the tokens WUNA tokens (no more, no less) each tokenizing a particular bottle.

Image by the official website. Lasha and Gaioz Sopromadze

This token was inspired by the Unisocks model. It was one of the earliest examples of tokenizing material objects.

This concept is fascinating in and of itself because of its unique wine. It is virtually impossible to obtain two identical bottles.

The WUNA token will determine who owns the Mtvaris Kodi wine. Because of the structure of the smart contract, it will be impossible for tokens to be issued more. The aims of the WUNA token are to create a truly collectible and burnable market.

Verifiable, Accessible Freedom

The most important structural component of non-fungible tokens or cryptocurrencies is their ability to refer to a free market without central control and government.

Crypto markets are accessible to everyone. The only barrier to entry is having enough knowledge. Participation is open to all, provided they have an internet connection and a device.

Wine has proven to be a resilient asset over the past few years. However, access to wine investment has been severely restricted to a small number of wine connoisseurs. Toa Penda, the art collective behind WUNA token, is using this innovative approach to increase wine investment access. It also supports winemakers.

Wuna will go live on the official website on December 15th.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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