Read

<div class="cryptonews"> 
 <p class="is-style-lead">Croatian companies Agroporc, Beyondi, and Block Be have unveiled GoAgro, a <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> offering investors an avenue to engage in swine farming by acquiring Pig NFTs.</p> 
 <p>The companies introduced the GoAgro platform during a recent press event. This website allows citizens to participate in the so-called future of food production in Croatia. The flagship project on GoAgro is named “My Digital Pig.”</p> 
 <p>The recent development is one of recent dabbles into NFTs by prominent entities, including Coca-Cola, Lufthansa Group and the International Basketball Federation (FIBA).</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coca-Cola’s new ‘Masterpiece’ NFT collection boasts $543,660 in earnings over 3 days 
 </div> 
 <p>On GoAgro, investors can create and own digital pigs. These virtual livestock enable crypto proponents and aspiring farmers to enter the agricultural scene without the necessity of wearing traditional farm attire and engaging in physical farming activities.</p> 
 <p>Every NFT requires a minimum <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> of 250 euros and ensures a return of 100 kilograms of pork. The transition from a digital pig to a physical one spans 900 days, with the pig “maturing” at an annual growth rate of 3%.</p> 
 <p>Crucially, investors can exchange or keep their Pig NFTs as long-term <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s. They can also engage in trading these digital assets.</p> 
 <p>Krešimir Kuterovac, the proprietor of GoAgro and director of Agroporc, noted that the <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a>’s primary objective is to fund diverse agricultural initiatives by issuing NFTs.</p> 
 <p>The proceeds generated from NFT sales will be channeled into agricultural production, aiming to foster the development of innovative agricultural products.</p> 
 <p>In recent years, Croatia’s pig production has encountered formidable challenges, resulting in a decrease in self-sufficiency levels from 125% to 110%. Projections indicate the possibility of an additional 20% decline over the next two years.</p> 
 <p>The GoAgro project aims to counteract this prevailing trend. The project’s blueprint involves the issuance of 240,000 Pig NFTs distributed across five phases.&nbsp;</p> 
 <p>Every participating farm in the project will be equipped with web cameras to facilitate real-time monitoring for investors to keep a close eye on their <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Google makes update to crypto policy regarding NFTs 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/croatia-launches-platform-for-investment-in-pig-nfts-tbt61865.html">https://thebittimes.com/croatia-launches-platform-for-investment-in-pig-nfts-tbt61865.html</a></p>

Croatia launches platform for investment in pig NFTs

TheBitTimes

Other articles published on Sep 7, 2023

BTC Price: Bloomberg Strategist On Key Recovery Strength Level

Interoperability Protocol Socket Raises $5M Co-Led by Coinbase Ventures and Framework Ventures

US FDIC Chair Warns Of Banking Crisis Risk; Will Bitcoin Benefit?

Bitrock Emerges as a Strong Contender in Layer 2 Space

Cardano Developer Unveils Static Decentralized Websites

New Crypto Accounting Rules in the U.S. Set to Benefit Companies

Join our free newsletter for daily crypto updates!