Aberdeen start up combines Whisky collections with NFTs
Whisky is already a collectors item, but now this North East company are selling them along with digital collectibles, in what they believe is a first.
An Aberdeen based start-up believe they are revolutionising the NFT industry by combining it with whisky collections.
They are auctioning off limited edition 25-year-old Tailsker single malt, which will be engraved with the NFT's unique number, all stored in a specially crafted case, made from whisky barrels.
What's an NFT?
A non-fungible token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.
This has become more and more common in the art world. With the idea being only one person can own the 'original' of a piece of art, even if it's digital.
Many are going for massive sums of money, and it's predicted they'll continue to grow in value.
Who is behind it?
CryptoDramz was founded in March by Robert Gordon University graduates Ryan Aitken, Murdo McCandlish and Joseph McGraw along with American digital finance consultant and investor, Ryan Caudill.
Speaking about the innovation, Ryan Aitken said: “We regard this digitisation of Scotch whisky as the next logical step for the industry.
"We want people to copy us to help reduce the problem of counterfeit Scotch.
“We also see a significant opportunity for Scotland to reinvent itself on the world stage by embracing and utilising blockchain technology to rejuvenate its economy and show how innovative it can be.”