Nonfungible tokens (NFT) are being examined by Trace Network Labs to create a gateway that allows brands and customers to carry their lifestyle goods into any metaverse. According to Craft Brewing Business, the marketplace has been built on the Polygon Network, allowing faster, smoother, more secure and cheaper transactions for the metaverses.

Vietnamese craft beer maker 7 Bridges Brewing Company is teaming with Trace to release a craft beer NFT.  Although this isn’t the first NFT craft beer, this one aims to be an experiential product that will tap into the users’ loyalty and curiosity as well as the need for traceability and authentication of their unique brews on a global platform.

The brewery was one of the first to include Asia’s first commercial craft brewery to achieve zero waste. The craft beer NFT series, called \iNFTy, has been brewed with a special limited-edition recipe and will be presented as 99 digitized craft beer NFT bottles, each with a unique 3D object artwork backed by its “reverse avatar,” a cellared physical incarnation of the original artwork.

This extremely limited edition Grand Cru beer was made specifically for the craft beer NFT offering — the original recipe for which was literally burned, so it will never be brewed again. 7 Bridges will cellar the bottles under optimal conditions, which can be physically claimed by the highest NFT bidders until the next Leap Year, Feb. 29, 2024.

Each NFT artwork is numbered, unique, and captures the deeper meanings of its corresponding numeral, taking from science, history, pop culture and mysticism. These special and unique artwork labels will be pasted on the beer bottle packs that have been specially brewed for the \iNFTy project and will be cellared to be claimed by the winning bidder of each \iNFTy bottle.

Only 110 physical bottles will ever exist, 99 NFTs and 11 “Brewer’s Reserve” editions. The company will release 99 of the 500ml bottles in a round of NFT auctions to be held on Bling and released over a short period, counting down from 99 to 1. Users can participate in the global auction on the Bling NFT Marketplace and place as many bids as they like. These NFTs will be transferable and tradable like any other ERC token.

Article information provided by Craft Brewing Business. 

Image courtesy of Trace Network Labs/Twitter