Earlier this week on Monday, December 26, anti-counterfeiting and authentication solution provider Authentic Vision announced the launch of its new NFT collection in partnership with Crypto-Gin, on DLT-based solutions.
Crypto Gin is a traditional handcrafted product and it leverages traditional blockchain technology to store its production data in a secure and immutable manner. In the launch of its NFT collection, Authentic Vision will use its secure trademark meta anchor ™. The collection will feature a total of 100 Gin bottles and will be based on the IOTA ecosystem.
Leveraging the power of the IOTA blockchain, Crypto Gin will ultimately enable a secure bridge between the physical and digital worlds. Here, the 100 physical Crypto-Gin bottles will get a digital representation in the form of non-fungible tokens (NFTs).
Wir freuen uns zu verkünden, dass wir eine neue NFT Kollektion gemeinsam mit @Crypto_Gin21 auf DLT-basierten Lösungen und unserem sicheren Meta Anchor™ launchen werden. Die Kollektion wird 100 Flaschen umfassen und auf dem IOTA-Ökosystem basieren. Stay tuned!#CryptoGin #NFTs pic.twitter.com/Q8KZHb2afS
— Authentic Vision (@VisionAuthentic) December 26, 2022
The Meta Anchor ™ technology from Authentic Vision will use the holographic fingerprint that can be used only once. Thus, it would make it absolutely copy-proof. This technology feature from Authentic Vision has already been quite successful in brand protection. Besides, the technology can anchor a product in both physical and digital worlds in a secure and unique way.
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When users scan the Meta Anchor using the Authentic Vision app, they can easily unlock digital actions or assets while providing real-time data and analytics. Thomas Weiss, founder and CEO of Authentic Vision said:
Soon the physical world will be mirrored in the digital world. In the future, every object will have a digital twin, offering companies great opportunities to create and monetize additional value.
The recent developments taking place within the IOTA ecosystem have made the IOTA blockchain network a potential destination to launch non-fungible tokens (NFTs). IOTA unveiled its staging network Shimmer earlier this year allowing developers to test new features in real-world conditions but before introducing them to the IOTA mainnet.
The IOTA Shimmer Network facilitates the transactions for NFTs while offering the same security guarantees and feeless properties as available in the IOTA Tangle. Anyone can create and mint their NFTs on the Shimmer blockchain network.
While minting new NFTs on the Shimmer Network, its native token $SMR serves as storage deposits. The great thing about the Shimmer Network is that it doesn’t charge any fees for minting or transfer of NFTs on the platform. Furthermore, the NFTs on the Shimmer Network can work as wallets themselves. Besides, they can also receive and hold other NFT tokens thereby allowing users to unlock exciting new use cases.
This was not the first time that Authentic Vision is supporting an NFT launch on IOTA. Last month, it also supported the NFT launch for Colton Beverage.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.
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