The Ethereum-based NFT Marketplace – The Cryptonomist

BlockBar.comworld leader Ethereum-based NFT marketplace for luxury wines and spirits, has announced its collaboration with Maison Ruinartthe oldest champagne house.

As such, Maison Ruinart is proud to release its first asset-backed NFT, an achievement for both the house and its artistic ethos. Also included in this exclusive offer on BlockBar.com is an invitation for two to enjoy an exceptional immersive experience at Maison Ruinart in Reims, France.

Partnership between BlockBar and Ruinart: here’s what to expect

Ruinart NFT will be presented at Ruinart lounge at Art Basel Miami Beachtogether with the physical version of Ruinart Rosé by world-renowned artist Jeppe Hein.

In fact, there will be a chance to win number eight out of twenty-five by Jeppe Heins Ruinart Limited Edition. Including an engraved Jeroboam of Ruinart Rosé by Jeppe Hein, a box set and “Bubble” artwork, as well as an invitation for two to enjoy an exceptional immersive experience at Maison Ruinart in Reims, France.

The exclusive offer on BlockBar.com includes an immersion in the Ruinart cellars, including the chalk quarries, known as Crayèresa UNESCO World Heritage Site, to discover Maison Ruinart’s heritage of several centuries.

Additionally, to celebrate the release of Ruinart on BlockBar.com, early access to pre-purchased NFTs will be granted exclusively to BlockBar NFT holders, prior to the global release on December 5th.

Frédéric Dufourpresident and CEO of Maison Ruinart, commented on the launch of Maison Ruinart NFT on BlockBar:

“Maison Ruinart laid the first foundation stone in the history of champagne and we continue to make history today with our first NFT offering; a mix of product excellence, contemporary art and a unique experience.”

Finally, as expected, the Ruinart NFT will be presented in the Ruinart lounge at Art Basel Miami Beach. On this topic, Dov Falicco-founder and CEO of BlockBar, said:

“We are delighted that Maison Ruinart has chosen to release its first ever NFT on BlockBar.com as we continue our mission to bridge the digital and physical worlds of luxury. We are delighted to release this unique offering during Art Basel Miami Beach and look forward to bringing our community and Ruinart’s more exclusive drops together in 2023.”

BlockBar.com: what it is and how the Ethereum-based NFT marketplace works

BlockBar was founded in October 2021 and sells NFTs direct from luxury wine and spirits brands. Each NFT corresponds to an actual physical bottle, exclusive to BlockBar, that can be purchased by ETHcredit card or bank transfer.

Owners can resell, collect, give away or at any time “burn” the NFT in exchange for the physical bottle, shipped from BlockBar’s secure facility in Singapore.

BlockBar only works directly with brand owners included LVMHDiageo, BacardiPernod Ricard, Sazerac, William Grant and Sons and others, and does not accept collections from third parties or aggregators.

In addition, BlockBar works to solve real problems that brands and consumers are currently facing in the wine and spirits industry. These include: authentication, storage, insurance and transport, using blockchain to authenticate luxury wine and spirits products.

Like any wine and spirits retailer, BlockBar sells access to physical wine and spirits products that retain their value, meaning that Ethereum fluctuations will not affect consumers’ purchases or investments.

BlockBar’s proprietary smart contracts verify authenticity, tracing each transaction directly back to the partner brand. Finally, the partnership with top cyber security and cryptographic companies ensures the completeness of transactions protected and transparent.

Another breakthrough for the NFT world: Sony and the study of NFTs and blockchain

Although it seems that PlayStation stars loyalty program has nothing to do with NFTs, a patent recently revealed that with regard to PS5it appears that Sony is actively studying the possible use of NFTs and blockchain in the world of video games.

The Sony patent was reported by Game-wiseoriginally filed last year and published this month, it is titled:

“Tracking Unique Digital Assets Using Tokens in a Distributed Ledger.”

The paper describes a system that can be used to track the creation, use, modification and transfer of digital assets created in a game and/or assets created based on the gameplay of a video game.

In this way, Sony brings together celebrities from the world of sports and entertainment with those from the video game industry, including streamers, professional gamers and content creators who are particularly popular with audiences.

So, Sony’s next goal might just be to turn classic in-game objects into NFTs, converting digital assets associated with video games from fungible to non-fungible.

Tracking a digital asset history and monitoring asset history may include, for example, verifying when, how and by whom the digital asset was created, used, modified, leased, sold, purchased from, licensed, traded and/or other actions taken.

However, none of this confirms for us that Sony will integrate NFTs and blockchain in its upcoming titles, but the impression is that the company is by no means uninterested in these aspects, as it had previously stated.