PwC Legal has advised the Wolf Group on the issuance of non-fungible tokens.
The Wolf Group is a European manufacturer of construction chemical products and systems. Its main product brands are Penosil and Olive. Its certified production units are located in Estonia, Spain, France, and Russia.
According to PwC Legal, “the campaign of Wolf Group's product brand Penosil EasyPRO in Spain is a lottery, with which it is possible to win EUR 3,000 for the purchase of Penosil products in each quarter in the second half of 2022. The NFT acts as proof of lottery participation. In addition, the NFT holder can receive digital artwork created by international artists, which can then be converted into NFT art. The Wolf Group uses the KOOS platform for the creation and issuance of NFTs which is of Estonian origin.”
PwC Legal’s team was led by Partner Priit Latt.
