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Specialism: Financial Advisory & UHNW Services Crypto Alternative Investments
Location: Miami, USA
BLOCKBAR, WORLD'S FIRST DTC NFT MARKETPLACE FOR LUXURY WINES AND SPIRITS BlockBar connects consumers and collectors with the owners of luxury fine wine and spirits brands by providing the opportunity to exchange NFTs for unique products. Founded by Dov and Sam Falic, BlockBar provides transparency, authenticity, quality assurance, and storage - solving issues that consumers and brands typically face in the wine and spirits industry.
Authentication: Built on the Ethereum blockchain, buyers can trace ownership back to the brands’ .
Investment Opportunity: High-end spirit investment outperform gold and the S&P 500. The number of investors and collectors increased by an estimated 582% over the last 10 years. Direct to Consumer: BlockBar’s proprietary platform allows consumers to purchase asset backed NFTs directly from the brand owners themselves, there are no intermediaries. Tradeable: Buyers can trade their NFT anytime on BlockBar.
NFT Protection: BlockBar’s proprietary smart contracts verify authenticity, and its partnership with top cyber- and crypto-security firms ensures that transactions are fully protected and transparent.
Storage: The physical bottles are stored in a secure facility in Singapore with 24/7 security, motion sensors, and temperature control. Redeemable: Buyers can burn their NFT at any time and BlockBar will ship the physical bottle directly to them.
Payment Options: Buyers can pay for products via 8(Sf or Ethereum.
How it Works
BlockBar operates a number of drop mechanics including first come first served, random shuffles and auctions. Upon purchase, the cryptographic version will be held securely by BlockBar, with a record of authenticity held on the blockchain as a digital certificate of ownership. The buyer may choose either to redeem the physical product and have it delivered from BlockBar’s secure storage facility in Singapore, or to safely trade its NFT version within the BlockBar.com marketplace, without the physical product moving from BlockBar’s storage facility. In short, the NFT serves as proof of authenticity, verification of ownership, and the right to have the collection redeemed at any time.
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