Wine as a liquid asset

Problem statementCustomers with valuable wine would like to use it as an asset for loan collateral
Current solution(s)1 person I’ve found online used their wine in BBR as an asset $WIVA THE FIRST COMPANY BRINGING PHYSICAL TO DIGITAL AS NFTS
Proposed solution(s)Tokenized wine assets
Additional CommentsThe biggest risk I see is that the the wine needs to be valuable. If the wine isn’t, everything falls apart
Case StudiesWIVA
Frequency (1 - 5)2
Impact Size (1 - 5)5
Intensity (1 - 5)3
Next StepsUse WIV - currently doing something similar to what Palate aims to be. Understand how it works & what problems it solves
Top Risks / Pass ReasonNFT asset price doesn’t equal the price of the wine The wine is corked The wine is not the wine it was promised to be The wine isn’t valuable in the first place Wine loses its value
Total Score10
StatusPassed
Who has the problem- Wine investors - Wine collectors
ThemeWine Asset