NFTs or “non-fungible tokens” are the latest buzzword in the whisky world, with VCL Vintners recently releasing a £1.7 million rare Macallan cask which comes with its own specially-commissioned digital counterpart or NFT. Now The Dalmore distillery in the Scottish Highlands has debuted their own version, the Decades No. 4 Collection which features four Decades whiskies from the years 1979, 1980, 1995 and 2000.
The four-whisky collection has been selected by The Dalmore’s Master Distiller Richard Paterson and has a value of $137,700 USD. The collection will be released on BlockBar, a platform for luxury spirits NFTs, and a buyer selected via a lottery system. The idea is that Blockbar will verify ownership and the whisky collection will be kept in storage until the buyer wishes to redeem the NFT for the physical collection.
“The Dalmore offers some of Scotland’s most rare and precious whisky stocks, remarkable in their desirability to collectors, investors, and drinkers alike”, commentedGerry Tosh, The Dalmore’s Private Client Director..
“The Dalmore Decades selection is a truly outstanding example of this, and with the landmark auction of The Dalmore Decades No.6 Collection last month setting new records, the No.4 Collection offered as an exclusive NFT signifies a fantastic opportunity for the crypto curious to explore single malt whisky as an investment.”
Another top Scottish distillery that’s embracing NFTs is Glenfiddich. Back in October the firm partnered with BlockBar to release 15 bottles of a rare single malt Scotch whisky from 1973 that each come with their own unique NFT. The NFTs feature an artistic interpretation of the bottle which doubles as a digital certificate of ownership. These NFTs can be sold or traded through the BlockBar platform or redeemed for the physical bottle. The price tag for Glenfiddich’s rare whisky and NFT combo is $18,000 (approx. £13600).