Since its launch in October 2022, Bored Grapes has evolved, paving the way for the first NFT model that could introduce a cutting-edge digital futures concept. Additionally, it offers a new platform for wine enthusiasts to purchase and collect wine.
According to NFT News Today, Bored Grapes released 5,555 virtual empty bottles as their first NFT collection last year. The mint saw all available bottles claimed within 30 minutes.
Bored Grapes Co-founder Keeler said, “The process allows us to curate special digital opportunities and unique wines from my network of winemaker friends in the industry.”
For example, collaborations with Avennia Winery and other Italy, France, and California wineries are in the works. Bored Grapes is dropping a new NFT collection during Easter weekend, enabling members to mint 5,555 grapevines. In contrast to traditional wine futures, users will virtually grow grapes on their own vines at the Vinum Estate Metaverse vineyard. Furthermore, once the grapes are harvested, users can combine them with their empty NFT bottles to create a full bottle of wine NFT.
“Then they can redeem that NFT for an actual physical bottle of wine that I produce,” said Keeler.
While the world of Wine NFTs may seem complex, it presents an innovative, enjoyable experience for purchasing wine. Bored Grapes is making a splash in the drinks industry, merging the physical and digital realms. Each grapevine costs 0.10 Ethereum (ETH). However, users can pay in USD using a credit card. That’s about $187.25 per vine.