In an innovative move, three Croatian companies have introduced the GoAgro platform, presenting investors with an intriguing opportunity to acquire “crypto pigs” in the form of Non-Fungible Tokens (NFTs), as reported by Poslovni Dnevnik.
These unique Pig NFTs are priced at €250 each, equivalent to 100 kilograms of pork meat, and a total of 240,000 of these Pig NFTs will be made available, with a maturation period spanning 900 days.
Upon the completion of this term, investors will have the flexibility to decide whether to reinvest, sell, or convert their Pig NFTs into a tangible quantity of 107.5 kilograms of authentic pork meat. The proceeds from this endeavor will be channeled towards the initiation of pig farming operations on two farms owned by Agroporc.
Kresimir Kuterovac, the Director of Agroporc, expressed the project’s overarching objective, which is to establish a direct connection between farmers and consumers. This initiative addresses the pressing issue of declining pig farming, a situation exacerbated in Croatia by recent outbreaks of African swine fever, significantly impacting pork production.
Croatia currently grapples with a substantial shortfall in meeting its domestic demand for pork meat, with only 40% of this demand being fulfilled through local production. This innovative approach seeks to revitalize the Croatian pork industry and bridge the existing gap in supply.
