The Venezuelan rum brand Carúpano entered the world of non-expendable tokens (NFT) with five iconic bottles of Legendario, one of its most representative drinks. The distillery thus launched its first collection of digital assets by the hand of five local artists who filled the traditional containers with colors and shapes.
The pieces, made by Armando Velutini, Aureliano Parra, Carlos Vallenilla, Gerardo Campos and Dagor, are up for auction on the NFT market, OpenSea, and will remain in bid until September 15. The minimum bid for each token is 1 wETH which represents about $ 3,173 at the current market price, according to the CriptoNoticias price index.
A wETH is nothing more than a wrapped ether or “wrapped ether” that is tied to the price of a traditional ether (ETH) on the Ethereum network. The wETH is a type of ERC-20 token that facilitates exchange operations on decentralized platforms.
Ron Carúpano informed that the funds raised will be donated to the Thomas Merle Foundation, a non-profit organization that promotes conservation and environmental education in eastern Venezuela. Each design is original and gives the buyer the chance to get a real bottle of Legendario for tasting.
“By purchasing this NFT you have the option of redeeming a real bottle of this rum. After purchase, you can unlock the shipping instructions so that you receive the bottle directly at your door. If you buy this NFT in a secondary market, be sure to check the token ID and verify that the physical bottle has not been previously redeemed, ”the company explained.
The auction began last Thursday, August 26 and already has dozens of views from buyers. Nevertheless, no OpenSea user has made an offer for the unique bottles of rum. It should be remembered that Legendario is one of the company’s high-end rums together with Ron Carúpano XO and Ron Carúpano Zafra.
NFT as an expression of the art of Venezuela
Ron Carúpano’s NFTs show the expansion of non-fungible tokens within the Venezuelan art market. More and more painters, sculptors or digital artists are trying their luck with the tokenization of their works.
The bottles in NFT format are up for auction on the OpenSea market, the minimum bid per piece is 1 WETH. Source: Ron Carúpano / Twitter.
One of them is Venezuelan plastic artist Eduardo Sanabria, better known as EDO, who in May of this year launched an NFT called “Selfish”, a fact reported by CriptoNoticias. The piece was also listed on OpenSea, but was not auctioned as the minimum bid was also 1 wETH. Bidding ceased with a bid well below 0.05 wETH, or about $ 158.
Even the Venezuelan government has been involved in artistic NFTs. An allegorical design to the Bicentennial of the Battle of Carabobo is marketed in the Rarible market. The piece has exchanged hands and can currently be purchased for 7.12 ETH, or more than $ 22,000.