Access
Let’s start from the beginning. A consumer interested in purchasing a limited collection bottle has no where to purchase them. That consumer would either have to contact the brand directly, or reach out to one of the auction houses. Which is easier said than done. Don't believe us? Try it yourself.
Storage
Now let's imagine by some miracle you get in touch and you buy that extremely rare bottle. Where are you going to put it? You just spent all that money and now have to worry about insuring it, making sure it doesn't get damaged, storing it in the proper temperature, making sure nobody drinks it by accident, etc…. You can't even showcase your collection because the liquid and the packaging are both so fragile.
Resale
So you made it this far. You got the bottle and you managed to maintain it properly. Now, you want to sell it. Where can you resell it? Any other auction house is going to require you to prove its authenticity; and the hard truth is that there is no concrete way in the industry to prove authenticity without testing the liquid, which compromises the liquid itself.
The Stats
High end spirits as an asset have outperformed Gold and the S&P 500. The investment is completely recession proof. The only risk is damaging the liquid. The number of collectors grew by 582% in the last 10 years and yet there is still no way to prove authenticity or ownership. That's where BlockBar came in.
BlockBar allows consumers to invest in high end spirits and prove authenticity via blockchain. By buying the NFT directly from the brand and Block Bar storing the bottle for you, we not only make the process easier, but we ensure that your asset has proven authenticity. Whether you grow your collection, send it as a gift, or resell it, authenticity will never be an issue. Block Bar ensures 100% instant authenticity to all collectors up until the moment they decide to redeem the bottle and drink it themselves. More so, we offer this service with no commitment. Even if this concept is not for you, our platform will still be selling exclusive bottles directly from the brands at MSRP and consumers have the ability to pay by credit card and can redeem the bottle immediately.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
