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NFTs and the wine industry

In the worldwide wine sector, fake wines are a multibillion-dollar concern. Even the most ardent wine collectors cannot guarantee that every bottle in their cellar is authentic. Fake alcohol is not just a waste of money, but it also poses a major health risk. This problem can be addressed using blockchain-powered wine NFT technology.

Are NFTs the future of wine industry? Well, it is worth noting, however, that the use of NFT in the wine industry is still in the early stages, and it is not yet clear how widely they will be adopted. Some industry experts have expressed skepticism about the usefulness of NFTs for wine, pointing out that the physical aspects of wine, such as the taste and aroma, are important and cannot be captured in a digital asset. Some of the key benefits of using blockchain in the supply chain include traceability, security, efficiency, and collaboration. The NFT development company, in partnership with blockchain app development services, is finding ways to reshape the wine industry by providing top-notch NFT marketplace development services.

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NFTs put on wine bottles protect the authenticity and origin of each bottle as it travels to the customer. When selecting a bottle, the consumer may scan the wine NFT to see where it was manufactured and how it was transported. Furthermore, the winery may let its consumers to retain these NFTs as well as exchange them on markets. This approach may be used for a limited-edition wine.

Let's build together on Nft

Let us not forget that virtually anything, even wine, may become an NFT. In reality, it is already taking place. For example, Yao Family Wines, owned by former NBA player Yao Ming, auctioned off a bottle of The Chop Cabernet Sauvignon with such a "limited edition NFT" in April 2021.

The Château Angélus winery sold off a barrel of their wine as an NFT in July 2021. The token was purchased for $110,000 on the market.

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Why Rejolut?

1 Reduce Cost

RCW™ is the number one way to reduce superficial and bloated development costs.

We’ll work with you to develop a true ‘MVP’ (Minimum Viable Product). We will “cut the fat” and design a lean product that has only the critical features.

2 Define Product Strategy

Designing a successful product is a science and we help implement the same Product Design frameworks used by the most successful products in the world (Facebook, Instagram, Uber etc.)

3 Speed

In an industry where being first to market is critical, speed is essential. RCW™ is the fastest, most effective way to take an idea to development. RCW™ is choreographed to ensure we gather an in-depth understanding of your idea in the shortest time possible.

4 Limit Your Risk

Appsters RCW™ helps you identify problem areas in your concept and business model. We will identify your weaknesses so you can make an informed business decision about the best path for your product.

Our Clients

We as a blockchain development company take your success personally as we strongly believe in a philosophy that "Your success is our success and as you grow, we grow." We go the extra mile to deliver you the best product.

BlockApps

CoinDCX

Tata Communications

Malaysian airline

Hedera HashGraph

Houm

Xeniapp

Jazeera airline

EarthId

Hbar Price

EarthTile

MentorBox

TaskBar

Siki

The Purpose Company

Hashing Systems

TraxSmart

DispalyRide

Infilect

Verified Network

What Our Clients Say

Don't just take our words for it

Rejolut is staying at the forefront of technology. From participating in (and winning) hackathons to showcasing their ability to implement almost any piece of code and contributing in open source software for anyone in the world to benefit from the increased functionality. They’ve shown they can do it all.

Pablo Peillard

Founder, Hashing Systems

Enjoyed working with the Rejolut team; professional and with a sound understanding of smart contracts and blockchain; easy to work with and I highly recommend the team for future projects. Kudos!

Zhang

Founder, 200eth

They have great problem-solving skills. The best part is they very well understand the business fundamentals and at the same time are apt with domain knowledge.