The collaboration between Crypto.com and InterCellar has introduced a groundbreaking initiative in the world of wine collecting: real-world asset tokenization. This concept aims to revolutionize the way wine collectors interact with their collections by enhancing liquidity and traceability, ultimately offering a new and innovative way to participate in wine trading before the wines are even bottled.
The initial release of this initiative features a premium selection of wines, including iconic names such as Château Cheval Blanc 2023, Château Angelus 2023, and Château Lafite Rothschild 2023. These ‘En Primeur’ wines are available for purchase exclusively on Crypto.com and InterCellar, providing collectors with a unique opportunity to invest in wines before their official release.
One of the key innovations introduced by this collaboration is the minting of NFTs. By purchasing an NFT, collectors gain digital ownership of the wine and the corresponding physical bottle, which is securely stored in InterCellar’s warehouse. This digital representation of the physical bottle allows collectors to build their digital cellars, trade, exchange, or redeem their collections, enhancing the overall wine-collecting experience.
‘En Primeur,’ also known as ‘wine futures,’ offers customers the opportunity to invest in wines while they are still maturing in barrels. This unique buying experience allows collectors to be a part of the wine’s journey from grape to bottle, making the collecting process even more engaging and exciting. Additionally, collectors receive a 5% rebate on their initial purchase, which can be used for future wine orders with InterCellar, further adding value to their collections.
InterCellar, based in France, ensures traceability, excellent storage conditions, and liquidity in the secondary market for these wines. Collectors can rest assured that their collections are in safe hands, with the option to store, trade, exchange, or redeem their digital representations of the physical bottles. However, it is important to note that physical bottles stored by InterCellar incur a storage fee of 1.2€ per item per month, which collectors must pay for the duration of NFT ownership or until the bottle is redeemed.
This collaborative initiative by Crypto.com and InterCellar opens up new possibilities for wine enthusiasts to collect and trade sought-after wines in a digital and innovative way. By leveraging the power of NFTs and real-world asset tokenization, collectors can now access a whole new dimension of the wine-collecting experience, enhancing liquidity, traceability, and overall engagement with their collections.
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