Tokenization of Wine

Costra Labs tokenized 10 bottles of a limited wine collection and facilitated its offering on Ethereum blockchain.

We have tokenized wine bottles on Ethereum blockchain which were being offered on marketplace Opensea.io.

The project was inspired by an innovative effort of a middle-size winery which wanted to try the emerging technology for its wine business. However, the winery had no experience with blockchain and needed support on both the technical and communication side.

The work included the preparation, e.g., the arrangement of logistics, preparation of communication and alignment across the company, the process of tokenization itself, including choice of blockchain, marketplace etc. and communication on social media and with traditional media. As a result, a total of 10 bottles have been tokenized.

The token allows its owner to receive a real bottle of a limited wine collection and therefore does not reflect digital art, but the physical item.