Metacask is going beyond basic NFT use cases by combining asset-backed NFT technology with auctions and an NFT marketplace utilizing Casper's blockchain.
Metacask sought to modernize the high-end whisky investment market by creating an innovative new business model that would democratize the market and provide access to new growth audiences. Our client needed help to combine asset-based NFT technology with self-executing auctions on the Casper blockchain.
- How to modernize the sale and ownership of high-end whisky casks?
- How to provide trusted proof of provenance, possession and value?
- How to meet regulatory requirements in this restricted market?
- How to deliver mutable metadata to update the conditions of the spirits?
“Our ambition is to build a world-class NFT platform that appeals to both the new generation of whisky enthusiasts and established investors. CasperLabs was the clear choice for this partnership. By working with an exceptional team and a blockchain network that is high performance, secure and astoundingly energy efficient, we’re delivering a marketplace to NFT investors who will increasingly value quality above all else.” Nim Siriwardana, Co-Founder of Metacask
CasperLabs translated our client’s bold ambition into a seamless user experience by building NFTs representing whisky casks, and enabling investors to quickly register an account, complete a verification check, fund their wallet with crypto, and begin acquiring or selling whisky casks on our new digital platform within the same day. This expanded the geographies in which Metacask had operated, enabled a new generation of investors and customers to participate in the market for rare whisky casks, and lowered the client’s go to market costs.
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