Have you ever considered managing rural property control, registration control and even managing a cattle production chain with shields and guarantees? Now, this is made possible by the world’s first technology using NFTs that carry genetic data. Along with this, Brazilian and Uruguayan businessmen Mateus Bello (CEO), Sandro Weinstein (CLO), Roger Ilha Morera and Lucas Henriques created DNFT, the first NFT with genetic ballast. The company Soxi has two main markets as its objectives, from Soxi Pet and Soxi Agro, and launched their operations in Brazil this month, bringing the idea of Web 3.0.
With dNFTs it is possible to preserve an architecture of genetic data recorded in a blockchain. Pet owners, for example, can enter the animal’s genetic data in a blockchain. In this case, the owners collect the pet’s genetic material, which is sent to a partner’s lab, and a few days later they receive a token with the genetic code in their digital wallet and a unique image with their pet’s image, which cannot be copied and infringed due to technology. Can’t
Sandro Weinstein highlights that this technology represents an increase in reality and a step towards Ludic. “In addition to the security provided by dNFT, such an undisputed guardian of an animal can also serve as a unique souvenir for transaction supporters, fans and pet owners. This is from the creation of an electronic pet incarnation with its genetic information, “Weinstein said.
In creating dNFTs for the livestock industry, sector intermediaries are major stakeholders and product beneficiaries. In Brazil, livestock produces $ 200 billion and 220 million head of cattle, which exceeds the national population.
According to Mateus Belo, dNFTs technology is very useful for livestock and farm owners, because it makes the animal unique when sold. “This storage is ideal for those who deal with the purchase and sale of animals, especially since it creates a larger market value. Another difference is the security of this transaction. Since they are stored in blockchain, unique data is created, which makes it impossible to steal or copy data, ”the CEO assured.
What are NFTs?
NFT is an acronym for “fungible token” in Portuguese, “non-fungible token”, which cannot be copied or pasted. In general, NFTs are non-flammable electronic objects registered in the blockchain, so they are immune to fraud and forgery. The issue is complex, but the application of dNFTs will allow for something that has never been seen before.
NFTs have already transferred 25 25 billion in the last four years and are working with 3 million active portfolios worldwide, with Brazil ranked 6th. Soxi builds and enables access to a blockchain architecture that allows it to record genetic data in NFT format, creating security for a variety of transactions and relationships.
Soccer pets for NGOs
With animal cause in mind, Soxi has launched a joint venture with the “Soxi Pets for NGOs” project, a parallel initiative aimed at creating an exhibition platform to support cause and encourage pet adoption and assistance. The initiative will work as follows: DNA will be generated from the DNA of some pets selected by NGOs, presented as ambassadors for each organization’s purpose, and a source of engagement and means of exposure will be created to encourage adoption and care for the needy. .
To launch the world’s first dNFTs, the company will auction two pet dNFTs from NGO 101 Animals, where sales will be determined entirely to support the cause, and the winners will receive exclusive tokens. , Especially the two mascots that will be the world’s first public DNFT.
This is the first application of NFT that carries genetic and hereditary data, thus allowing a variety of arrangements and transactions in important industries such as livestock and pets.