Luxury Cognac brand Hennessy is entering into the world of NFTs or non-fungible tokens with the legendary blend of Hennessy 8.
The 250-year-old French distillery has teamed up with BlockBar, a non-fungible token (NFT) marketplace for luxury wine and spirits, to offer a lucky Cognac fan the chance to own Hennessy 8, a limited-edition expression in either digital or physical form. The collection includes two Hennessy 8 NFTs numbered 1/250 and 250/250 sold at 58 ETH, a digital currency, or about US$226,450.
Interested buyers can access a digital lobby tomorrow, January 12, providing they have 1 ETH in their wallet and have it connected to the site. The confirmed buyer can either have two bottles of actual Cognac delivered or opt to safely store and trade the two NFT versions within the BlockBar marketplace. For more details, visit BlockBar website.
The physical cache will consist of an ultra-luxury bottle of Hennessy 8, a commemorative sculpture, a storage chest, four tasting glasses, a pipette, a cork holder and a commemorative plate. The remaining 248 bottles will be sold separately by Hennessy.
In 2021, the NFT market generated over US$23 billion, according to DappRadar.
This is no ordinary NFT. https://t.co/CU73rSM9FV
— RobbReport (@RobbReport) January 11, 2022
