CruTrade Debuts Avalanche-Powered Marketplace for Tokenized Fine Wine
RFID-linked NFTs document provenance to curb fraud.
Overview
- The platform launches with more than $60 million in tokenized inventory covering roughly 200,000 bottles from about 250 producers.
- Ownership transfers occur on Avalanche for fast, low-cost settlement while the physical bottles remain in professional storage in Burgundy.
- Each bottle carries RFID verification tied to an on-chain record designed to provide transparent provenance and limit mishandling.
- A partnership with Crurated supplies a pre-tokenized collection, giving the marketplace immediate scale and liquidity.
- CruTrade says it will return 25% of trading fees to original producers and is planning expansion to bonded warehouses and restaurant integrations.