“Crypto pigs” to raise ‘online’ without getting your hands dirty

exercise of rancher digital and raising pigs without getting your hands dirty is the new offer from GoAgro, a Croatian platform that sells animals in format NFTs which after 900 days can be exchanged for real meat and sausages.

“We want to directly link citizens with producers”summarizes this initiative the director of the company, Kresimir Kuterovac, who points out that with this method the farms receive the necessary financing to operate and the consumers obtain, “without getting your hands dirty”, quality and cheaper products, without intermediaries.

Kuterovac says that he is not aware of another initiative like this in the world that commercializes “crypto pigs” through NFTs or non-melting tokens, which can be defined as a certificate of ownership of a unique digital product.

The minimum investment in these “pigTNF” it is 250 euros, which is equivalent to one hundred kilos of pork meat that takes 900 days to mature, the time it takes to raise a pig.

Although what the buyer acquires is a digital title, this corresponds to real pigs that are being raised on farms, a process that the digital farmer can follow through cameras connected to the Internet.

After 900 days, when the animal is ready, you can choose to trade it in for real meat. You can also, at any time, sell the token to other users.

Although the citizens interviewed by Croatian televisions have been skeptical and more prone to “see in front of the meat they buy” what to acquire “digital pigs”Kuterovac claims that the meat they can get with their system will be of higher quality and cheaper than what they buy in stores.

“The pigs that we are going to raise on our farms will be free of GMOs (genetically modified organisms) and antibiotics,” highlighted, among other advantages.

He added that after a year, one hundred kilos of pork meat becomes 103, since the value of TNF increases by 3% per year. In addition, it is expected that with the drop in pork production in the European Union, the prices of this product will increase by 50% in two years, he estimates.

“The profit for this difference goes to the buyer, that is, to the owner of the TNF,” explained.

The platform has been formed by three Croatian companies – Agroporc, owned by Kuterovac, Beyondi and Blok Be – after pork production in Croatia was decimated by a recent ASF infestation and many small and medium-sized producers had to close.

Kuterovac, who has years of experience as a manager of large pig farms in Croatia, says that massive farms, with high levels of biosecurity, have fewer risks from the plague.

The platform plans to issue a total of 240,000 TNF and launch a first phase raising 20,000 pigs on two farms owned by Agroporc.

For now, TNF pigs can be paid for with cryptocurrencies and in about ten days it will be possible to do so with bank cards as well. Kuterovac admits that this business also represents a certain risk for the buyer, in case the farms go bankrupt before they can redeem the pigs. TFN, but assures that this is unlikely, since they are companies with years of great experience.

“For example, I have managed fifteen large farms and I have 30 years of experience in pig farming and pork production,” assured.

Kuterovac plans to open another similar platform in the near future, for the sale of quality legumes grown on small farms.

Source: EFE