In a groundbreaking partnership, Crypto.com and InterCellar have joined forces to introduce a new initiative in wine collecting: real-world asset tokenization. By leveraging blockchain technology, this collaboration aims to revolutionize the way wine collectors interact with their passion by enhancing liquidity, traceability, and accessibility in the wine trading market.
The initial release of this initiative features a carefully curated selection of premium wines, including renowned names such as Château Cheval Blanc 2023, Château Angelus 2023, and Château Lafite Rothschild 2023, among others. These wines, available for a limited time only, offer collectors a unique opportunity to participate in wine trading even before the bottles are officially released to the market.
The concept of ‘En Primeur,’ also known as ‘wine futures,’ allows customers to invest in wines while they are still maturing in barrels. This innovative purchasing method enables collectors to secure digital ownership of the wine and the corresponding physical bottle through the minting of NFTs. By purchasing an NFT, collectors gain exclusive access to the wine, which is securely stored in InterCellar’s warehouse until it is ready for delivery in 2026.
The Benefits of Ownership
Collectors who participate in this initiative not only gain digital ownership of the wines but also receive a 5% rebate on their initial purchase. This rebate can be used for future wine orders with InterCellar, further enhancing their collections and overall wine-collecting experience. However, it is essential to note that ‘En Primeur’ wines are not immediately available for delivery and remain with the producer for a minimum of 24 months before being bottled.
Based in France, InterCellar provides collectors with a platform to build their digital cellars, trade, exchange, and redeem their digital representations of physical bottles. The platform ensures traceability, excellent storage conditions, and liquidity in the secondary market, offering collectors a seamless and secure environment to manage their wine collections. However, collectors are reminded that physical bottles stored by InterCellar incur storage fees of 1.2€ per item per month, which must be paid for the duration of NFT ownership.
The Future of Wine Collecting
As collectors immerse themselves in this new era of wine collecting, the partnership between Crypto.com and InterCellar paves the way for a unique and innovative method for enthusiasts to engage with sought-after wines. By introducing real-world asset tokenization, this initiative enhances liquidity, traceability, and overall accessibility in the wine market, transforming the traditional wine-collecting experience into a modern and digitalized journey. Collectors are encouraged to embrace this revolution and explore the endless possibilities it brings to the world of wine trading.