UniCask's first whisky CASK NFTs sold for nearly 40 million Yen and sold out in 9 minutes after launching the public sale.
The Single Malt Scotch Whisky, Springbank 1991 (Genesis Cask) went on sale on 15 December amid global attention for UniCask's fractionalized whisky NFTs.
UniCask is a Japanese company and the world's first to enable whisky lovers to own a fraction of the spirits cask in the form of NFT called CASK NFT. The company launched its first edition of CASK NFTs corresponding to fractionalized Springbank 1991 (Genesis Cask) at noon on 15 December, which were sold out within 9 minutes of the public launch.
TOKYO, Dec. 17, 2021 /PRNewswire/ -- CASK NFT of Genesis Cask. The first cask linked to CASK NFT, which was a commemorative release "Genesis Cask", was the 1991 vintage cask of Single Malt Scotch Whisky Springbank, one of the most highly regarded of the many Malt Whisky distilleries in Scotland.
The content of the Springbank 1991 cask was divided into 100 fractions and 100 CASK NFTs corresponding to each 100th part were sold. UniCask has thus enabled CASK NFT owners to easily own, collect and trade fractions of this rare whisky cask from anywhere in the world. At a later date, when the cask is bottled, the owner of CASK NFT can exchange the NFT for the bottled whisky.
The Springbank 1991 is already 30 years old in 2021, and will be bottled in 2041 after a further 20 years of maturation[*1]. A CASK NFT holder of Genesis Cask will be able to exchange the CASK NFT for a 50 year old Springbank in 20 year's time.
This sale of Genesis CASK NFTs is the first of its kind in the spirits industry of Japan and globally. As human societies shift to the digital space, UniCask aims to redefine the meaning of collecting and serving alcoholic beverages in the metaverse using NFT.
While there was a lot of interest in Genesis Cask's CASK NFT, unfortunately many fans were unable to purchase it due to the limited quantity. The good news is UniCask has already announced the release of the second CASK NFT, Single Malt Japanese Whisky from Hanyu Distillery. Hanyu Distillery is popular among whisky enthusiasts to have produced one of the most world-renowned Japanese Single Malt Whisky.
Many UniCask fans can look forward to this second Cask NFT of first-fill bourbon cask from the distillery.
Item: Single Malt Japanese Whisky distilled at Hanyu Distillery
Cask Capacity: 200 Litre
Cask Type: First Fill Bourbon Barrel
Country of Origin: Japan
Producer: Hanyu Distillery
Hanyu Distillery became famous for its "Full Card Series" of 54 bottles set, which sold for $1.52 million at an auction in Hong Kong. The distillery was closed in 2000, but thanks to a great deal of support from its fans, it reopened in 2021 and on course for its revival.
The pot-still was rebuilt by the still-maker Miyake Industries, based on the original design. Mr. Shimazaki, who also worked at the distillery before closure, was appointed as the distillery manager. When one of Japan's most famous whisky writers had a sip of the new make, he said "(I am) truly impressed by the authentic quality". It may not be long before the Full Cards Series is surpassed by the new Single Malt Japanese Whisky from Hanyu distillery.
<Also on UniCask>
On the 16th of December, UniCask hosted a YouTube Live with Paul Giraud, the best French cognac producer who makes the cask of spirits that will be launched as CASK NFT.
For more information, please follow UniCask on Twitter and Discord.
[URL]
UniCask Service Site
https://unicask.com
UniCask Corporate Site
https://unicask.jp
UniCask's Japanese Twitter
https://twitter.com/UniCask_jp
UniCask's English Twitter
https://twitter.com/UniCask_eng
Discord (Community)
https://discord.com/invite/2uMTfDfX
*1 Bottling may be accelerated due to a drop in alcohol content during maturation in the cask.
SOURCE UniCask Co., Ltd.
Share this article