Cardano NFT: Whiskees – The Cryptonomist

by James · January 8, 2023

This week’s guest on Cardano NFT column is a project that will is launching a pool of 10,000 NFTs representing crowd-funded whiskey casks with partial ownership: Whiskies.

The previous guest was one cross-media, cross-chain Metaverse that aims to become the world’s first Enlightenment Simulator.

This initiative is a reference point for NFTs on Cardano and every week or so we will invite someone to answer some questions and give us an update directly from the Cardano community.

Considering that many of our readers are new to the crypto space, we want one mix of simple and technical questions.

Table of Contents

Cardano NFT Project: Whiskees

cardano nft whiskey — *The Cardano NFT project Whiskees leverages the value of whiskey casks*

Hi, glad to have you here. Introduce your team, where are you from, what is your background?

Whiskees NFT’s team is a small and dedicated one group of three Cardano advocates living in the US and Europe which has been around since the HODL days of 2018.

We are whiskey lovers, entrepreneurs, designers and developers and has worked on some notable Cardano NFT projects and tools such as Aquafarmers and NMKR. Our vision is to bring real use cases for Cardano NFTs and we believe and are excited about it benefits and uniqueness Whiskees NFTs can give to the Cardano community!

What are whiskeys? How do you use NFT technology and why have you chosen the Cardano blockchain?

Whiskees NFT is a realistic one fun and unique hand-drawn collection of 10,000 Cardano blockchain-based artwork NFTs. The artwork is inspired by a love and passion for all types of aged whiskeys, whiskeys, or as we prefer… Whiskies and represents the many differences in places, people and ways of enjoying a glass or a bottle.

However, Whiskees NFTs go beyond just great artwork, as each Whiskees NFT does too represents crowd-funded partial ownership in aging, and values, whiskey casks. This offers real tools for Whiskees NFT owners for a highly desirable and unique resource and provide possibility of return in the event of future sales of whiskey casks are paid directly back to Whiskee’s NFT owners.

Each Whiskey’s NFT is:

50% unique digital art.
50% crowdfunded partial ownership in aging, and appreciating, whiskey casks.

Cardano is the perfect blockchain to launch our NFT collection as we strongly believe in the vision, mission and core values of the blockchain and the decentralization it pioneers and brings to the world of cryptocurrency.

In addition, it has a vibrant and growing NFT community with a bright future ahead of us that we are excited to be a part of and add to. Other blockchains can’t really say the same, especially in this bear market.

What are the benefits of connecting NFTs with something tangible in the real world like whiskey barrels? Where do you think most of the benefits lie?

NFTs have so much potential for connection to the real world which we are only just finding out about and intervening in. It started with a cool way to digitize art ownership with IP rights and has grown here and there across all blockchains by some great visionaries. Some cool use cases that we’ve been enjoying that have started to emerge are things like using NFTs as unique club memberships increase returns on DEX farming, games to make moneyor as ways to stake and earn project tokens that can be used to purchase brands.

We take these ideas one step further and really connect NFTs to a real object using whiskey barrels. It’s the perfect connection in our opinion, as whiskey cask ownership can be quite difficult to come by with a high cost barrier to entry and storage issues. Using NFTs and crowdfunding partial ownership we can make people exposed to something that would previously have been unattainable for many.

Whiskey has been, and continues to be, an ever-growing business with no signs of abating in global demand anytime soon as an old spirit with limited supply. It is a uncorrelated asset to traditional markets and gives good results in both bull and bear markets. If we look at the first half of the 2022 bear market alone, things like the stock markets (-20%), Bitcoin (-60%), bonds (-12%) and even gold (-2%) were down, but whiskey is growing (+8.5%)! It’s a consistent, reliable and REAL return compared to almost anything else.

Being exposed to something like that through an NFT is quite different and exciting!

whiskeys nft data — *Whiskey has resulted in a stronger asset in this bear market*

Tell us about the future of Whiskees, where do you see the project in 1 year? How about 5 years?

The team is in this for the long haul as whiskey is a patient and long game in and of itself. The longer the whiskey is barrel-aged, the more valuable it becomes. The aging process in the wooden barrel creates rarity, deepens the flavor profilesand also limits the availability of what is available from different distilleries for consumers to buy at once depending on when the whiskey is tapped from the cask.

Our first year focus will be on building our community and minting the NFTs and then also getting the whiskey barrels using 50% of the funds for the NFT coin sale. The whiskey casks to be purchased will be either Irish or Scotch whisky from a number of distilleries with most of the whiskey casks acquired having been filled in the first year of the aging process. The Whiskees NFTs team have partnered with whiskey experts to source the finest and rarest Irish and Scotch whiskey casks available by the mint of provide the greatest benefit and value to Whiskees NFTs holders.

A selection of whiskey casks will also be made planned holding periods of 3, 5 and 10 years and whiskey casks will be optimally selected to match these times.

During the holding period the whiskey casks will continue to age, untouched and unsold, in state-bonded and insured warehouses to meet the minimum requirements of three years per Irish and Scottish aging.

After 3 years of storage, 1/3 of the whiskey casks kept will be voted on the chain by Whiskees NFT’s holders to decide what happens to these casks (DAO style).

The options are:

Keep – vote again in 1 year on 1/3 of the barrels
Sell – distribute profits back to NFT owners
Bottle – distribute to NFT owners

The NFT holder’s majority decides the way forward for these whiskey casks. As an NFT owner, you get to decide!

This process is repeated at 5 years (next 1/3 of the barrels) and 10 years (last 1/3 of barrels) mark until all barrels are sold or bottled.

We believe the future is very bright for Whiskees NFT’s owners and it is working with other partnerships and benefits between 3, 5 and 10 years to further increase the usefulness of the NFTs.

Thank you very much for your time. Any closing comments? Where can people learn more about whiskies?

We are very excited about bring some reality tool to Cardano NFTs and would recommend following us on our various social media channels and checking out our Little paper to learn a little more about the project.

We are looking for mint over the coming months and hope you will be there with us!

Connect with us on spring Website, Twitter, Disagreement.

All links can be found on Link tree.

Cheers everyone!

Disclaimer: The opinions and views of the people interviewed are their own and do not necessarily reflect those of the Cardano Foundation or the IOG. Also, this content is for educational purposes, it does not constitute financial advice.