WoV Labs has announced a partnership with MintWatch, a startup that aims to revolutionize the luxury watch resale industry. The collaboration between them seeks to fuel the same mission by leveraging the capabilities of blockchain and tokenization.
WoV Labs brings to the table a complete set of technical frameworks to support the initiatives. Also, MintWatch will have access to the proprietary digital passport system and customized business dashboard.
The proprietary digital passport by WoV Labs is an innovative approach that enhances the value and security of watches while ensuring authenticity and reliability. The introduction of the system is a major part of its collaboration with MintWatch. The customized business dashboard will help MintWatch access an experience that has been streamlined and crafted specifically for its needs. This is being done to make the process of tokenization effortless and seamless.
That said, VeChain finally enters the picture. It brings with it the ability to facilitate the tokenization of assets. MintWatch and WoV Labs have chosen to work with VeChain because of the offerings of social media login and zero gas fees. Moreover, VeChain makes sure that access to blockchain tools is easy, not just for companies but also for customers. Simply put, it handles the backend and frontend parts of the mechanism to the best of its abilities.
An announcement by WoV Labs mentioning VeChain has done little for VET, the native token of VeChain. It is currently exchanging hands at $0.02526, down by 6.76% in the last 24 hours, 17.32% in the last 7 days, and 27.79% in the last 30 days. The community, nevertheless, remains unfettered by the fall, focusing more on what and how VeChain contributes to upcoming innovative approaches.
MintWatch, founded in 2022, focuses solely on enhancing investment approaches via tokenization and blockchain. MintWatch has called this a modern alternative within its diverse portfolio, adding that it is aiming to have larger audience engagement and a scalable business model. MintWatch has already raised funds worth €1 million from angel investors.
Moving forward, the startup’s focus is to launch its STO, an acronym for Security Token Offering. Fundraising is one of the core pillars of MintWatch’s business model. Others include market analysis, investment diversification, and profits. Overall, the goal is to find a way to navigate around the market’s challenges, namely supply deficits, investment, and accessibility to the market.
The community members of WoV Labs have responded positively to this announcement, stating that this is awesome work by the team and that the development looks super neat.
As for WoV Labs, the team has previously backed its digital passport by stating that it improves the way in which companies communicate their products and engage with their customers. What makes WoV Labs an ideal partner for MintWatch is the combination of blockchain, IoT, and NFT technology.
