A brief history of OpenVino
- Mike Tango Bravo
Though work began on OpenVino as early as late 2016, the first time OpenVino was presented publicly was at the New Delhi Organic conference to the worlds organic certifiers, opening with:
“I am here to talk about blockchain…something that is likely to change the industry and put many of you out of work.”
On May 6th, 2018, OpenVino released the first wine-backed cryptoasset, the MTB18 ERC-20 token using a crowdsale smart-contract on Ethereum mainnet.
(interesting side-bar story about the OpenVino trademark)
At the time, gas fees cost pennies, the metamask wallet, though released, was incapable of sending custom ERC-20 tokens between wallets, and few crypto exchanges existed as fiat on-ramps.
The decision was made to focus attention on the new Trust wallet, as it was capable of storing and exchanging ERC-20 tokens, and the Trust developers were keen to have new tokens on their wallet.
We initially sold MTB18 tokens, not only through the crowdsale smart-contract on mainnet, but through our web2 e-commerce sight accepting credit card payments via Mercadopago, PayPal, and bitcoin.
Accepting fiat for MTB18 tokens, though necessary in 2018, proved to be problematic. Many credit card transactions were flagged as fraudulent from banks in Europe and the US. Converting PayPal credits in Argentina to fiat was blocked, and on one occasion, a token buyer fraudulently protested to mercadopago about his purchase, after having received 100 tokens, having the charges reversed. Of course, the tokens were not recovered by OpenVino as, according to MercadoPago, “those are not real things that need to be returned”. The tokens were eventually sold on the OpenVino.exchange, completing the robbery.
Uniswap, and the concept of an AMM DEX had not yet been released. MTB18 tokens were initially listed on the Argentine Ripio CEX exchange alongside Bitcoin, Ethereum, and a handful of other tokens. Unfortunately, Ripio never implemented a mechanism for receiving/sending MTB18 tokens outside of their platform, rendering the platform useless for trading MTB18, and creating confusion amongst customers who bought tokens on the Ripio CEX.
Despite these initial challenges, we released new MTB* vintage tokens every year, beginning in 2018 to the present. In 2019, with Uniswap and the concept of DeFi in full swing, a first version of Viniswap was released, forking the code (and concept) used by Hayden Adams for Unisocks.exchange.
Both in 2019 and 2020, Mike presented OpenVino at EthCC in Paris, but the March 2020 event response was muted as it coincided with the start of the global pandemic.
In 2020 and 2021, OpenVino.exchange was expanded to include on-chain sensor data from the Costaflores Vineyard using the Barcelona startup Enchainte (later to become http://Bloock.com ). 360o image data was later added on IPFS. In 2023, many of the weather sensors used for testing the platform at Costaflores Organic Vineyard, the 360o camera, and the sensor/image base station collector, a Raspberry Pi with LoRa and wifi antennas installed on a platform in the middle of the vineyard, were stolen by thieves and the electrical installation vandalized.
By the end of 2021 the development of the You-Drink-It-You-Own-It (YDIYOI) wine drinker experience NFT minting platform development was underway. Initially, You-Drink-It-You-Own-It participants would receive actual shares of Organic Costaflores S.A., the winery. This was to be done through an Argentine fideicomiso (trust escrow). However, the friction (i.e. legal fees) of maintaining the updates to the fideicomiso proved to be untenable, with the added challenge of scalability, convincing future wineries to deploy similar legal contracts for their YDIYOI customers. But this was before the advent of the DAO, and the OpenVinoDAO approach for collecting.
Speaking around the world…understanding how wine sees crypto, and how crypto sees wine.
BioDigitalCert and Kleros in Lisboa.
False starts with developers.
Vinophonics, Verivin, 4m3.bio, and the Netrabrick.
Big gas fees, moving to Optimism, updating Viniswap.Though work began on OpenVino as early as late 2016, the first time OpenVino was presented publicly was at the New Delhi Organic conference to the worlds organic certifiers, opening with:
“I am here to talk about blockchain…something that is likely to change the industry and put many of you out of work.”
On May 6th, 2018, OpenVino released the first wine-backed cryptoasset, the MTB18 ERC-20 token using a crowdsale smart-contract on Ethereum mainnet.
(interesting side-bar story about the OpenVino trademark)
At the time, gas fees cost pennies, the metamask wallet, though released, was incapable of sending custom ERC-20 tokens between wallets, and few crypto exchanges existed as fiat on-ramps.
The decision was made to focus attention on the new Trust wallet, as it was capable of storing and exchanging ERC-20 tokens, and the Trust developers were keen to have new tokens on their wallet.
We initially sold MTB18 tokens, not only through the crowdsale smart-contract on mainnet, but through our web2 e-commerce sight accepting credit card payments via Mercadopago, PayPal, and bitcoin.
Accepting fiat for MTB18 tokens, though necessary in 2018, proved to be problematic. Many credit card transactions were flagged as fraudulent from banks in Europe and the US. Converting PayPal credits in Argentina to fiat was blocked, and on one occasion, a token buyer fraudulently protested to mercadopago about his purchase, after having received 100 tokens, having the charges reversed. Of course, the tokens were not recovered by OpenVino as, according to MercadoPago, “those are not real things that need to be returned”. The tokens were eventually sold on the OpenVino.exchange, completing the robbery.
Uniswap, and the concept of an AMM DEX had not yet been released. MTB18 tokens were initially listed on the Argentine Ripio CEX exchange alongside Bitcoin, Ethereum, and a handful of other tokens. Unfortunately, Ripio never implemented a mechanism for receiving/sending MTB18 tokens outside of their platform, rendering the platform useless for trading MTB18, and creating confusion amongst customers who bought tokens on the Ripio CEX.
Despite these initial challenges, we released new MTB* vintage tokens every year, beginning in 2018 to the present. In 2019, with Uniswap and the concept of DeFi in full swing, a first version of Viniswap was released, forking the code (and concept) used by Hayden Adams for Unisocks.exchange.
Both in 2019 and 2020, Mike presented OpenVino at EthCC in Paris, but the March 2020 event response was muted as it coincided with the start of the global pandemic.
In 2020 and 2021, OpenVino.exchange was expanded to include on-chain sensor data from the Costaflores Vineyard using the Barcelona startup Enchainte (later to become http://Bloock.com ). 360o image data was later added on IPFS. In 2023, many of the weather sensors used for testing the platform at Costaflores Organic Vineyard, the 360o camera, and the sensor/image base station collector, a Raspberry Pi with LoRa and wifi antennas installed on a platform in the middle of the vineyard, were stolen by thieves and the electrical installation vandalized.
By the end of 2021 the development of the You-Drink-It-You-Own-It (YDIYOI) wine drinker experience NFT minting platform development was underway. Initially, You-Drink-It-You-Own-It participants would receive actual shares of Organic Costaflores S.A., the winery. This was to be done through an Argentine fideicomiso (trust escrow). However, the friction (i.e. legal fees) of maintaining the updates to the fideicomiso proved to be untenable, with the added challenge of scalability, convincing future wineries to deploy similar legal contracts for their YDIYOI customers. But this was before the advent of the DAO, and the OpenVinoDAO approach for collecting.
Speaking around the world…understanding how wine sees crypto, and how crypto sees wine.
BioDigitalCert and Kleros in Lisboa.
False starts with developers.
Vinophonics, Verivin, 4m3.bio, and the Netrabrick.
Big gas fees, moving to Optimism, updating Viniswap.