The partnership between Crypto.com and InterCellar has brought forth a groundbreaking initiative in the world of wine collecting: real-world asset tokenization. This innovative concept aims to revolutionize the way wine collectors interact with their investments by introducing liquidity and traceability to the process.
The collaboration has unveiled a premium selection of wines, including renowned names such as Château Cheval Blanc 2023, Château Angelus 2023, and Château Lafite Rothschild 2023. The limited-time release offers collectors a unique opportunity to participate in wine trading even before the wines have been bottled.
The offering of ‘En Primeur’ wines through Crypto.com and InterCellar introduces a fresh approach to wine futures. This method allows customers to invest in wines as they mature in barrels, providing a new level of engagement and ownership in the wine production process.
A key aspect of this initiative is the minting of NFTs that grant digital ownership of the wine and the corresponding physical bottle stored in InterCellar’s warehouse. Collectors stand to benefit from a 5% rebate on their initial purchase, enhancing the overall value of their collections and incentivizing future wine orders.
While the digital representation of the wine is instantly accessible through NFT ownership, physical bottles remain stored with InterCellar for a minimum of 24 months before becoming deliverable to collectors. This ensures optimal storage conditions and traceability, allowing collectors to build digital cellars and engage in secondary market activities.
Collectors are advised to connect their NFTs to InterCellar.io by a specified deadline to access the benefits associated with their ownership, including the redemption of physical bottles and utilization of stored rebates. However, it is important to note that storage fees of 1.2€ per item per month apply for the duration of NFT ownership.
The collaboration between Crypto.com and InterCellar marks a significant advancement in the wine-collecting landscape. By introducing tokenization of real-world assets and leveraging NFT technology, this initiative enhances liquidity, traceability, and overall engagement for wine enthusiasts. The opportunity to acquire ‘En Primeur’ wines through this platform offers collectors a unique way to participate in the wine market and elevate their wine-collecting experience.
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