In a groundbreaking collaboration, Crypto.com and InterCellar have joined forces to introduce a new concept in wine collecting: real-world asset tokenization. This innovative approach aims to revolutionize the way wine collectors interact with their prized possessions, offering enhanced liquidity and traceability. By tokenizing real-world assets, such as premium wines, collectors now have the opportunity to participate in wine trading even before the bottles are filled.
The inaugural release of this initiative features a curated selection of premium wines, including iconic names like Château Cheval Blanc 2023, Château Angelus 2023, and Château Lafite Rothschild 2023. This limited-time offering also includes wines from renowned wineries such as Château Mouton Rothschild 2023 and Château Leoville Las Cases 2023. These exclusive ‘En Primeur’ wines are only available for purchase on Crypto.com and InterCellar, making them highly sought-after by wine enthusiasts and collectors alike.
One of the key aspects of this initiative is the minting of NFTs, which represent digital ownership of the wine and its corresponding physical bottle. This unique approach allows collectors to secure their investment while their wines mature in barrels. In addition, purchasers receive a 5% rebate on their initial purchase, which can be used for future orders with InterCellar, enhancing their collections further. It is important to note that ‘En Primeur’ wines are not immediately available for delivery; they remain with the producer for a minimum of 24 months before being bottled and shipped to InterCellar for safekeeping.
Based in France, InterCellar plays a crucial role in ensuring the traceability, storage, and liquidity of these tokenized assets. Collectors can create digital cellars on the platform, allowing them to trade, exchange, or redeem their digital representations of physical bottles. However, there is a storage fee of 1.2€ per item per month for physical bottles stored by InterCellar, which must be paid for the duration of NFT ownership or until the bottle is redeemed. To access the physical bottles and related benefits, collectors are encouraged to connect their NFTs to InterCellar.io by October 4, 2024.
The collaboration between Crypto.com and InterCellar represents a significant step forward in the world of wine collecting. By introducing real-world asset tokenization, this initiative offers collectors a new way to engage with their favorite wines, enhancing liquidity, traceability, and overall experience. With the ability to own digital representations of physical bottles and participate in wine trading before bottling, this innovation is set to transform the way wine enthusiasts collect and interact with fine wines.