Liquid Craft set to bring innovation to Liquid NFTs
Liquid Craft is a new project launching a unique collection of liquor-backed NFTs titled Dragons and Bourbon on October 29th at 12 PM PST. This limited release is a new concept to the NFT space, with the project also in the build phase of a complete marketplace for international crafters to back their own products for sale as NFTs.
Distilleries, wineries, and breweries, from around the world have been severely impacted by the global pandemic and the subsequent drop in international tourism. This ability to showcase their craft to a new international audience using Liquid Crafts NFTs, could potentially deliver a much-needed lifeline through the power of blockchain and NFTs.
For buyers of the Dragons and Bourbon NFT series, Liquid Craft is offering substantial rewards as a show of appreciation – airdrops of the native token CRAFT, automatic entry to future giveaways, as well as exclusive offers on upcoming releases.
Liquid Crafts First NFT Collection – Dragons and Bourbon
Dragons and Bourbon is the first NFT series released from Liquid Craft and is a preliminary step in the project’s roadmap of launching a complete marketplace of liquor-backed NFTs, from a vast array of international crafters.
This limited-edition release is a partnership between Liquid Craft and The Heart Distillery, a world-renowned and award-winning distiller of handcrafted spirits from the Colorado town of Windsor.
The Dragons and Bourbon NFTs are each backed by a bottle of cask strength bourbon, created by The Heart Distillery team using a combination of their own homegrown and carefully selected ingredients. The small-batch supply has been crafted specifically for this launch, and due to the limited number of bottles available, the NFT collection is a limited edition run.
Barriers To Entry For Investors
It is no secret that prices for collectible liquors have been on a steady rise over the last decade, seeing values increase over 500%. Traditionally, Liquor investment is undertaken by long-established methods that are typically associated with physical assets.
Intermediaries, auction houses, and brokers – still the standard procedure. These traditional processes create barriers for would-be investors during the purchasing stage, with the additional need for adequate transport and storage once acquired.
NFTs on the other hand has created a world of opportunities for many different industries, as the smart contracts built inside them allow secure and straightforward trading through many different platforms.
The NFT market has skyrocketed in recent months in both price and volume. Despite the many use cases being made available, most NFTs in circulation have their value based purely on speculation, with creators and buyers, seeking to capitalize on the current hype. This speculation understandably leaves many investors feeling uneasy about moving into the NFT space.
Innovating Existing Markets Using Emerging Technologies
Liquid Craft has an overarching objective of removing existing barriers to entry for these two existing markets. The plan is to entice new investment opportunities with liquor investing and bring additional value to NFTs simultaneously.
By using the NFTs in-built smart contracts, crafters of liquors can reach a new market of consumers that previously had minimal options available to purchase their product or were concerned about transport and practical storage.
With this NFT technology, Liquid Craft is enabling accessible investment opportunities of physical assets, with investors now able to trade, collect, gift, or resell the NFTs, while the physical asset is safely under the care of the crafter.
At any point, the current owner of the NFT can redeem the digital art piece for the physical product, in which a handover process occurs and the NFT is removed from circulation.
October 29th – Liquid Crafts First Collection Goes On Sale
October 29th is the launch date for the Dragons and Bourbon NFT series, with the release being the first step in Liquid Crafts roadmap of being a dominant force by bringing together two, once separate industries.
Liquid Craft is currently undergoing an increased marketing drive to coincide with the Oct 29th launch. Coinpresso, a specialized crypto advertising agency, has been bought on board as partners to the project, to assist with the launch as well as all future releases.
AMAs and Pre Launch Competitions
Liquid Craft is conducting a series of AMAs between now and the Oct 29th launch while also rewarding the community supporting them with a range of competitions across their official social media pages. Up for grabs are some of the Dragons and Bourbon NFTs, as well as whitelist opportunities for buyers interested in securing their purchase on release day.
Disclaimer: This is a paid post and should not be treated as news/advice.