Casdagli announces the NFT project, The Blockchainsmoker
Casdagli Cigars has announced that it is involved in a new NFT project called The Blockchainsmoker, which it says will begin minting NFTs sometime in the 1st quarter of 2023. There have been three other NFT projects involving cigar companies – one from United Cigars, La Flor Dominicana and Smoke Inn – but The Blockchainsmoker seems to have much bigger plans for how the NFTs will work.
The project is led by Jeremy Casdagli of Casdagli Cigars, Martin Grüner and Rune Wennesland, who said the idea was first floated more than a year ago at the D’Boiss Cigar Lounge in Tallinn, Estonia. It says it wants to connect the worlds of cigars and crypto, listing the following as the problem it aims to solve:
The world of NFT is more or less disconnected from the world of cigars. Limited Edition cigar concepts and NFTs are a perfect fit, but no one has been able to create a working cigar club concept designed for the NFT industry.
There simply does not exist a pure cigar brand that exclusively offers quality cigars with features related to blockchain technology, designated to those who understand the references of that space; a brand that offers a solution where crypto and cigar lovers can get the best of both worlds.
Blockchainsmoker plans three levels of membership NFTs:
- 2000 Club Lounge NFTs
- 200 VIP Lounge NFTs
- 200 VIP Inner Lounge NFTs
Owning an NFT will give a person access to the accompanying benefits, which are outlined in the diagram above from the company’s white paper, a prospectus common in the crypto world. In particular, The Blockchainsmoker says owning one of his NFTs should in theory mean a person would have access to special cigars.
The 2,400 membership NFTs are not the only NFTs that are part of the project. In its white paper, Blockchainsmoker indicates that membership NFT owners may be given additional NFTs, known as allocation NFTs– which are actually coupons for specific cigars:
Provided a cigar launch is made available to the NFT holder’s cub membership level, each holder of a membership NFT will be sent from at least one NFT a specific allocation of cigars they can purchase when a new cigar is launched. One air-dropped NFT will typically – but not necessarily always – relate to one box of cigars.
As noted in the table above, there are different descriptions for potential cigar releases: limited edition, ultra limited edition and special concepts. The White Paper says:
- Limited Editions – 24,000-30,000 cigars produced
- Ultra Limited Editions – 2,000-10,000 cigars produced
- Special Concepts – 2,000 or fewer cigars, “but may include additional components other than cigars.”
The white paper indicates that those redeeming NFTs for cigars should expect five or 10 cigars per allotment. In addition, the Allocation NFTs redeemable for cigars – not the Membership NFTs – will likely expire within two months of being sent to Membership NFT holders. The membership NFTs do not expire and owners can sell them on the open market, although there will be fees ranging from 7-10 percent of the transaction price.
Blockchainsmoker mentions that it intends to work with cigar companies, although Casdagli is the only company explicitly listed.
In a video, Casdagli appears to announce the Ring Signature as the first release.
Charlie Minato
I am the editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of Half Wheel. I handle the editing of our written content, most of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I have lived in most corners of the country and am now entering my second stint in Dallas, Texas. I like boxing, headphones, Le Mans 24 hours, wearing sweaters all year and gyros. true love.
