Blockchain
Cuvée Collective, the world’s first wine NFT club from Napa Valley, gets backing from Silicon Valley’s prestigious Hyper program
Cuvée Collective, a Napa Valley based wine NFT startup, has announced it has secured $600K in funding to create a world-first digital wine ecosystem and community. With backing from Silicon Valley’s sought-after Founder Program Hyper, Cuvée Collective is leading the charge to bring the wine industry to the metaverse. By partnering with iconic and luxury wine brands to create NFT asset ownership, Cuvée Collective is building an exclusive members club for wine and crypto connoisseurs.
Following a year of exponential growth, the crypto industry was valued in excess of $3 trillion USD at the end of 2021 with the NFT market cap representing $41BN USD. Equally, in 2021 gaming has seen unprecedented growth, driving an astronomical $180BN in revenues. This undeniable industry swell, pinpoints the long-term value of strategic metaverse investments. Sitting at the heart of wine, crypto and gaming is Cuvée Collective: a wine NFT community. Hyper selected Cuvée Collective from 2,500 startup applications, recognizing the instrumental role it will play in guiding the wine industry into the metaverse.
‘Wine has a history of being a highly desirable and collectible asset through centuries and civilizations. With Cuvée Collective, the vision is to continue that legacy well into the future, catering to the next generation of metaverse connoisseurs and collectors and future-proofing the luxury wine brands of today.’ says Josh Buckley, Hyper Founder and investor.
Cuvée Collective is pioneering an easily accessible entry point into the metaverse for the wine industry by connecting the value of wine with NFTs.
‘Cuvée Collective is a wine NFT members club. We use the blockchain to create an NFT asset and pair that NFT with casual game mechanics to drive exclusive benefits for our members. The collective will provide physical and digital member benefits that enrich wine tasting experiences.’ said Andrew Allison, Founder and CEO of Cuvée Collective.
Hyper is an early-stage venture firm and its investments are carefully vetted, with only a small number of startups selected to participate each season. Hyper’s investment and platform partners include Andreessen Horowitz, AngelList, Product Hunt, and Sequoia Capital. Selected as one of the first investments of the Spring 2022 season, Cuvée Collective will have access to a mentoring network, partner investors as well as $300K in funding. Cuvée Collective plans to launch across all premiere wine regions around the world over the next decade, starting with wine brands from within Napa Valley, this Spring.
‘Andrew and his team are dedicated to building the next chapter of wine culture, bringing premiere wine brands into the NFT space and Hyper is excited to be a part of such an innovative web3 business.’ adds Buckley.
The time to enter the metaverse is incredibly ripe, with industry legends spearheading the charge. Iconic rapper Snoop Dogg, built a digital estate in The Sandbox, named Snoopverse with promises to create digital recreations of his notorious homes and entertainment venues. With future plans to host exclusive members-only parties and live concerts, Snoop Dogg auctioned off plots of virtual land, enticing crypto enthusiasts to be his neighbor; one plot sold for $450,000. Brands like Adidas, Deadmau5 and Smurfs are also moving quickly into the metaverse to digitize their image.
For the global wine industry, this is the biggest digital step it can take, with Cuvée Collective at the helm, creating a digital community for wine connoisseurs to collect and connect.
For more information check out cuveecollective.com
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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