Blockchain is transforming industries ranging from music to art, offering new solutions that break down traditional barriers.
One area seeing a digital revolution is marriage. In the past year, reports of couples exchanging vows in virtual ceremonies have emerged, including a virtual legal and metaverse wedding package offered by Taco Bell last August. In June 2022, Kevin-Prince Boateng and Valentina Fradegrada even got married in the metaverse with NFT invitations.
Now, a new project called Web3Wed.io has appeared, centered entirely on blockchain-based marriages. The startup offers “blockchain marriage services” that allow couples to formalize their union on the blockchain without any legal obligations.
On April 28, 2023, Web3Wed hosted the world’s first blockchain wedding at Bali’s K-Club in Ubud, where Ilya and Elizabeth tied the knot and recorded their union in a smart contract on the Polygon blockchain.
Web3Wed offers all couples the opportunity to formalize their marriage on the blockchain through the creation of a smart contract that is updated in case of divorce.
In June 2023, the startup will also introduce its first NFT engagement rings — including “Stardust One,” “Diamond One,” and “Gold One.” These rings will allow couples to initiate their blockchain marriage.
Additionally, the service can include Bitcoin in the NFT wedding ring, creating an asset for the couple that will be returned to the wallet of the ring owner in the event of a divorce.
The rise of marriages in the metaverse and the emergence of Web3Wed.io’s blockchain-based marriage services demonstrate the growing trend toward the digitalization of traditional institutions. As more couples look to virtual spaces to say “I do,” the concept of marriage is evolving to encompass a new frontier of possibilities. With the ability to formalize their union on the blockchain, couples can now enjoy a level of security and transparency that was previously unavailable.