The initial sale of Australian Agave NFTs has sold out.
The release of NFTs represent the first sale of spirit from our Eden Lassie agave farm in the Whitsundays and form part of TSI’s strategy to create and deliver a premium Australian agave spirit to the world.
Each token holder has the exclusive rights to the handmade micro distilled agave spirit from 10 geo-tagged agave plants on a plot that they have selected (equivalent of approximately 35 litres) to be harvested and distilled from August 2023.
The first release Australian Agave NFT program price of A$10,000 is reflective of a bespoke opportunity inclusive of unique products and experiences. The price demonstrates a potential net sales value for premium Australian agave spirit of up to $285 per litre.
Token holders will enjoy experiences and have exclusive access to personalised updates on their agave plants. Like all NFTs ,the Australian Agave NFT maybe traded on any NFT marketplace.
CEO Drew Fairchild said:
“The Australian Agave NFT was launched to the public last week and we are extremely pleased with the response to the offer and interest in the project."
“Most significantly the Australian Agave NFT program represents the first sales of our future 100% grown Australian agave spirit and provides evidence of the opportunity that exists in the creation of this category.
“The Australian Agave NFT is a genuine world-first venture that will deliver a bespoke spirits in a single micro-batched distilling process.
“No other spirits company in the world is connecting technology, bespoke distillation and cutting-edge plant-to-bottle production in this way.
“NFT holders will receive access to an exclusive dashboard where they will receive individualised updates on the growth of plants allocated to their token. The dashboard, as well as the benefits attached to a token throughout the course of the program will deliver an immersive, highly-personalised experience and pioneer a new era of agave spirits.
“We are leveraging blockchain and token technology, the most sophisticated technology available today, for managing digital assets and to provide an opportunity for the simple transfer of the rights associated with each Australian Agave NFT to others via any relevant NFT marketplace.
“As well as connecting consumers with our brands, blockchain technology and NFTs will also be utilised to leverage the significant opportunity in a business-to-business context to build partnerships with major retail and marquee on premise customers.”