NFT Tied to Uncommon Whiskey Cask Auctions for $2.3M

A non-fungible barrel of 1991 Macallans scotch set whiskey public sale information Friday, nabbing $2.3 million on NFT market Metacask.

The sale surpasses the earlier cask sale file worth of $574,000 for the same barrel at public sale home Bonhams final August. This version got here bundled with digital artwork from Trevor Jones.

A pseudonymous purchaser who goes by oldcask outbid two different bidders lively in digital whiskey investments, a PR consultant informed CoinDesk. The corporate declined to establish the customer.

The NFT serves as a digital title-of-deed for the cask of the whiskey. It was minted on the Ethereum blockchain.

Co-founder Nim Siriwardana mentioned Metacaskminted and auctioned the cask NFT to showcase the attraction of digitally transferable rights.

“Consumers don’t must go to a bodily public sale home to accumulate uncommon and beneficial actual property like whisky,” Siriwardana mentioned in a press release.

NFT gross sales have develop into more and more mainstream and in style through the pandemic. Gross sales volumes surged to $10.7 billion in Q3 of 2021, greater than eight occasions greater than the second quarter, based on information by DappRadar.

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