NFT Blockbar opens with a $1.7m sale of Glenfiddich whisky

By Raffaele Redi

The BlockBar sold NFTs of 9 bottles of Glenfiddich 1973 Armagnac Single Malt Scotch whisky

The Macallan 1991 Cask                                 
The Macallan 1991 Cask – Photo: metacask.com
                                

The non-fungible token (NFT) platform BlockBar debuted the Metaverse fetching a whopping $1.7m for the NFTs of nine bottles of Glenfiddich 1973 Armagnac Single Malt Scotch whisky.

The remaining six of a series of 15 bottles from one of the world’s most awarded Single Malt Scotch Whisky brands are on sale on the NFT marketplace for luxury wine and spirits products BlockBar at a floor price of $18,000.

Each NFT corresponds to a physical, 70cl bottle of a 1973 46-year-old Armagnac cask finish single malt scotch whisky sold by Glenfiddich.

With the NFTs serving as a digital receipt that verifies the buyer’s ownership and the authenticity of the product, buyers will have the right to drink or resell their bottles, currently stored in the Blockbar.

The Metacask record

Recently, a non-fungible-cask of 1991 Macallans Scotch broke whisky auction records fetching $2.3m.

The cask, with an estimated value of over $2m, came alongside ‘The Angel’s Share’ NFT from the artist Trevor Jones, inspired by the cask, distillery and Scotland’s whisky heritage.

The sale far exceeds the current $573,000 (HK$4,464,000) record for a whisky cask sold at auction, set last month by another 1991 Macallan at Bonhams in Hong Kong.

The winning bidder owns the cask and the digital work, with the NFT serving as a digital title of the deed for the cask, currently stored at the Macallan distillery in Scotland.

Further reading: Every FTX Arena fan receives a free NFT during opening match

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