Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain
Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain
The beer visitor seems to be taking another stride into the crypto and blockchain space with these latest buys.
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Budweiser, a subsidiary of Anheuser-Busch InBev, appears to have unofficially sanctioned a piece of nonfungible token, or NFT, art after purchasing information technology for utilize on its Twitter contour.
According to records from the OpenSea market place, the beer producer purchased a Budweiser-branded rocketship NFT on Aug. 24 for 8 Ether (ETH), or roughly $25,704. The visitor used the "Life of the Political party" epitome, featuring three beer cans making up the body of a rocketship, for its official Twitter profile motion-picture show. At the time of publication, Budweiser'southward 224,900 followers can still view the image.
Welcome to the party https://t.co/uSh51Vyr41
— Tom Sachs: Rocket Factory (@tsrocketfactory) August 25, 2022
Acknowledging the NFT's creator, Tom Sachs, with a retweet, Budweiser seems to be taking another step into the crypto and blockchain space with this latest purchase. On Aug. 11, the company too bought the domain name Beer.eth through Ethereum Proper name Service on OpenSea for 30 ETH, or more than than $96,000 at the time of publication.
Related: If Cryptocurrencies Were Beer…
Different beer companies operating under Anheuser-Busch InBev take been entering the digital space. In June, the U.k. arm of pilsner beer brand Stella Artois released a series of branded skin NFTs to be used on horses in the digital racing game Zed Run. In 2022, Anheuser-Busch InBev piloted a platform allowing customers to rail the supply network of their beers on the blockchain.
Source: https://cointelegraph.com/news/budweiser-uses-120k-to-purchase-fan-art-nft-and-beer-eth-domain
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