Should you invest in NFTS for drinks?

WOKENWINE will be introduced next month, the first trading platform for NFTS for noble wines. But what does that mean for drinks? While some NFTS intangible things correspond (such as Jack Dorsey's first tweet), a drinks-nft corresponds to a physical bottle. The NFT is shaped by the company that produces the product and stored in the cryptocurrency blockchain (which works like a paper lane of transactions), so that no matter how often the product changes the owner, its authenticity is guaranteed.

The world's first NFT marketplace for collective drinks was blockable, which was introduced at the end of 2021. In contrast to a traditional auction house that relates its products from a variety of dealers and collectors, each product is blockable directly from the brand owner. Many products also have a kind of limited edition feature-a unique edition number, an unusual format, an artwork. The bottles are stored in a high -security camp in Singapore. If a user decides to redeem or "burn" his NFT, the bottle provides the bottle to its door. As soon as the NFT has been redeemed, it can no longer be accessed.

Big names that have already worked with blockbar at “Drops” are Hennessy, The Dalmore, Dictador, Ardbeg and Penfolds. Some are a bit cheesy for my taste - but what do I know? More than three quarters of the 200,000 users of blockbar are between 25 and 34 years old, and the first publication, 15 bottles of the 46-year-old Glenfiddich at a price of $ 18,000 each, was sold out within four seconds.

Wokenwine, on the other hand, hopes to address more traditional wine drinkers. It is an NFT trading platform, just like blockable, except that there are no limited editions for the time being. Instead, the focus is on the safety that trading in NFTS offers. In a small coup, Burgundy has already announced her intention to sell her entire born in 2020 via the platform in a small coup. "It is necessary to bring integrity back into traceability and to combat counterfeits," says Louis-Michel Liger-Belair.

I know at least two other large providers of luxury drinks, including a large auction house that work behind the scenes on NFT projects. But there are still many who are undecided whether NFTS are the future or a straw fire: "I have been collecting/investing in rare whiskey for 34 years ... The NFT hype can be right or wrong.

I'm waiting - let's see who is still on board.

@alicelascelles