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    Tuesday, November 30, 2021

    Budweiser Launches NFT to Honor its Legacy, Nearly 2,000 Collections to be Included

    American beer brand Budweiser is launching a series of 1,936 non-fungible tokens to celebrate the birth of the first beer can that happened in 1936. The company launched back in 1876 and there are plans in place. use the NFT collection to honor her journey so far.

    This NFT line is called “Budverse Cans: Heritage Edition”. This is the first NFT collection to be sold by Budweiser, and all items are built on the Ethereum blockchain.

    Every NFT shaped like a Budweiser beer can, but created using archival photographs, advertising and designs throughout the brewery’s history.

    Out of a total of 1,936 NFTs, 36 have been listed as “Golden NFTs” priced at $999 with a special bonus for buyers. The other parts cost $499 and they fall under the category of “Core NFTs”.

    While it hasn’t gone into detail about “Budverse,” the company’s website “welcomes” buyers “to the community of the best beer in the world.” reverse“.

    Budweiser also changed his Twitter name to “beer.eth” referring to Ethereum blockchain network. Pictures of the NFT series that debuted on Monday, November 29 were posted on Twitter, check it out.

    Follow Business Insider, these NFTs can be purchased through CoinBase Commerce using Bitcoin and Ethereum tokens, as well as US dollars as the sale of these pieces is limited to the US only.

    However, buyers will need to pay $75 as a “gasoline fee” to complete the purchase. Gas fees are essentially transaction fees for completing payments on blockchain protocols.

    This high gas fee has earned Budweiser some criticism online.

    This is not the first time Budweiser has approached the NFT space in recent times.

    In August, the beer company purchased the NFT of a rocket with the Budweiser logo embroidered on it from the OpenSea NFT marketplace for eight Ether tokens worth $25,000 at the time. At current Ether prices, the same NFT is now worth $35,075.

    The company also purchased the domain name “beer.eth” for 30 Ether tokens – this amounted to $94,000 at the time of purchase.

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