Hennessy is selling $226,000 NFTs of its luxury cognac that also reserve the rights to the real thing



Georges Gobet is pictured.

The first non-fungible token from the brand will be released on the NFT platform on Wednesday and will give buyers the rights to actual bottles.
The first and last bottles of the popular limited-edition release of the alcoholic beverage are depicted in the token and are priced at about $226,450.
The press release said that the new product embodies 250 years of excellence.
The ownership of a physical bottle is represented by the NFTs. Customers can buy and sell NFTs, but once an owner wants to enjoy the real drink, they will be sent the real bottle of liquor.
The owners have the option to engrave a message on the carafes and visit the Hennessy estate in France.

BlockBar is a spirits-focused NFT platform that offers various digital items from luxury alcohol brands that correspond with a physical bottle. An engraved carafe, cork holder, pipette, and other items are engraved into each NFT and physical bottle.
The NFT space has grown to a $41 billion market. The key to unlocking the next phase of the internet is these token, according to bullish experts.

The "Key to the Budverse" line of NFTs was launched in November. The company priced the beer can token at a hefty sum.

Business Insider has an original article.