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<ul class="summary-list"><li><keyword id="11948246" type="UNKNOWN" weightage="60" keywordseo="budweiser" source="Orion">Budweiser</keyword> dropped its first-ever <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> line as the beer giant deepens its foray into the digital asset space. </li></ul><ul class="summary-list"><li>The collection consists of 1,936 Budverse Cans as a hat tip to the first-ever launch of the Budweiser can in 1936.</li><li>Of those, 36 are considered gold NFTs — rare tokens costing $999.</li></ul>Budweiser dropped its <a href="https://twitter.com/budweiserusa/status/1465334779558174726?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465334779558174726%7Ctwgr%5E%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F87175%2Fbudweiser-nfts-key-to-budverse">first-ever NFT collection</a> Monday as the beer giant deepens its foray into the digital asset space. The largest brewer in the world released a line of non-fungible tokens called the Budverse Cans Heritage Edition. It consists of 1,936 Budverse Cans as a hat tip to the first-ever launch of the Budweiser can in 1936.Each ethereum-based NFT is one of a kind, generated using archived photos, ads, and designs from throughout Budweiser's history.Of those, 36 are considered gold NFTs — rare tokens costing $999 that come with benefits, rewards, and surprises exclusive to those holders. The rest are considered core editions, which cost $499 and come with their own perks.The purchase of these NFTs, which Budweiser called "key to the Budverse," is only available through the company's website to US residents who are of legal drinking age.There will be an additional charge to cover a gas fee of $75 for each NFT purchase. The tokens can be bought with fiat currencies, credit card, or bitcoin/ether via Coinbase Commerce. There will be a maximum purchase of $10,000 per person a day including fees and sales tax."Now you can own a piece of history and a collectible that gives you access to the future of Budverse," the <a href="https://us.budweiser.com/NFT">website</a> said.This latest dive into NFTs comes after Budweiser in <a href="https://markets.businessinsider.com/news/currencies/budweiser-nft-spacerocket-rocket-factory-project-nonfungible-token-crypto-asset-2021-8">August</a> bought an NFT of a rocket emblazoned with its logo for 8 ether coins (worth $25,000 at that time), according to NFT platform <a href="https://opensea.io/assets/0x6b00de202e3cd03c523ca05d8b47231dbdd9142b/325" target="_blank" rel="noopener">OpenSea</a>. <a href="https://opensea.io/assets/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85/69406976489375853983395395232238482141787305592400082827240731448876110915645" target="_blank" rel="noopener">Records</a> also show the <a href="https://markets.businessinsider.com/stocks/bud-stock">Anheuser-Busch</a> subsidiary snapped up the domain name beer.eth for 30 ether (worth $94,000 at that time), under which the rocket and other NFTs are stored on crypto platforms.A growing number of companies — most recently, department store <a href="https://markets.businessinsider.com/news/currencies/macys-nft-thanksgiving-day-parade-balloons-rare-free-rare-polygon-2021-11">Macy's</a> — have joined the NFT craze as the <a href="https://www.businessinsider.com/how-to-create-sell-nft-art-ethereum-network-tips-2021-11?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">market</a> sees <a href="https://markets.businessinsider.com/news/currencies/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">explosive growth</a> this year.NFT sales of digital art items hover at a monthly rate of about $2 billion, according to <a href="https://markets.businessinsider.com/stocks/jpm-stock?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">JPMorgan</a>, a big increase from monthly sales volume of about $400 million at the start of the year. The market cap of the NFT universe has grown to about $7 billion, according to the bank. NFTs are <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets" target="_blank" rel="noopener">digital representations</a> of artwork, sports cards, or other collectibles tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated nor edited.

Budweiser is getting in on the NFT craze with its 'Key to the Budverse' line of ethereum-based collectibles

<ul class="summary-list"><li><keyword id="11948246" type="UNKNOWN" weightage="60" keywordseo="budweiser" source="Orion">Budweiser</keyword> is the latest major company to enter the <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> and <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> space. </li><li>The beer brewer purchased a Bud-themed space rocket NFT and the domain name 'beer.eth'.</li><li>More and more companies are tapping into NFT hype as the digital assets enter the mainstream.</li></ul>Budweiser bought a non-fungible token (NFT) of a space rocket emblazoned with its logo to use as its <a href="https://twitter.com/budweiserusa">Twitter</a> image, and snapped up the domain name beer.eth, the beer brewer confirmed to Insider this week. The Anheuser-Busch subsidiary garnered attention from the cryptocurrency community on Wednesday after it uploaded a Bud-themed rocket, part of artist Tom Sachs' Rocket Factory NFT project. It also <a href="https://twitter.com/budweiserusa/status/1430316343392354306">tweeted</a> three space-rocket emojis, which are often used by meme-stock buyers and crypto fans to signify that an asset is 'going to the moon.'"Budweiser is taking its first steps into the NFT universe. We're excited to support Tom Sachs and his Rocket Factory project and join this incredible community," a Budweiser spokesperson told Insider. NFTs are digital assets like pieces of art, audio clips, virtual sports cards, or even tweets, which are tied to blockchain networks. Each NFT is therefore unique and almost impossible to edit or duplicate, making them popular among artists. Often anyone online can still view NFTs, but there's only one verified owner of the token on the blockchain. The Rocket Factory project was launched earlier this year and allows people to purchase parts of a NFT rocket, which they can then create in the real world if all parts of a NFT rocket are put together. The physical rockets are then assembled and launched - according to the project's <a href="https://medium.com/@tsrocketfactory/pre-flight-check-6db50fb6befd">Medium</a> page, the first flights will take place on August 28. Budweiser paid 8 ether coins (worth $25,000 at time of writing) for the rocket, according to NFT platform <a href="https://opensea.io/assets/0x6b00de202e3cd03c523ca05d8b47231dbdd9142b/325">OpenSea</a>. <a href="https://opensea.io/assets/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85/69406976489375853983395395232238482141787305592400082827240731448876110915645">Records</a> show that the beer brewer also purchased the domain name 'beer.eth' for 30 ether (worth $94,000 at time of writing), under which the rocket and other NFTs are stored on crypto platforms. Budweiser is the latest major company to move into the NFT and crypto space, joining the likes of Coca Cola and Marvel in creating and selling the digital assets to consumers. The popularity of NFTs has soared throughout 2021 and the market shows no signs of slowing - close to $1 billion has been spent on NFTs across nearly 300,000 sales in the past 30 days, according to data from <a href="https://nonfungible.com/market/history">nonfungible.com</a>. Still, experts say there is <a href="https://markets.businessinsider.com/news/currencies/nft-sales-soaring-crypto-market-growth-rarible-alex-salnikov-2021-8">still a long way to go before the tokens reach the mainstream and adjustments have to be made</a> in terms of affordability and accessibility.

Budweiser gets into NFTs by launching a Bud-themed space rocket on Twitter

<ul class="summary-list"><li>On Wednesday, Hennessy will launch <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> on <keyword id="12932469" type="UNKNOWN" weightage="60" keywordseo="blockbar" source="Orion">BlockBar</keyword> priced at $226,000.</li><li>Each digital bottle will correspond with a physical bottle that customers can order and drink.</li><li>BlockBar is a luxury liquor-focused NFT platform, part of the growing $41 billion NFT market.</li></ul><keyword id="12932471" type="UNKNOWN" weightage="60" keywordseo="cognac" source="Orion">Cognac</keyword> brand Hennessy will release its first non-fungible tokens on the NFT platform BlockBar and is starting Wednesday with a collection that will give buyers the rights to actual bottles. The tokens depict the first and last bottles of Hennessy 8 — a popular limited-edition release of the alcoholic <keyword id="12763209" type="UNKNOWN" weightage="60" keywordseo="beverage" source="Orion">beverage</keyword> — and each is priced at 70.47 ether, or about $226,450. "Crafted using one eau-de-vie from eight generations of Hennessy Master Blenders, Hennessy–8 embodies 250 years of excellence," said the <a href="https://www.lvmh.com/">LVMH</a>-owned Hennessy in a press release. Hennessy's NFTs also represent ownership of a physical bottle. Customers can buy, sell, and trade the NFTs, but once an owner wants to enjoy the actual drink, Hennessy will send them the real bottle of liquor. Owners also have the option to engrave a personalized message on the carafes and visit to the Hennessy estate in Cognac, France.BlockBar is a spirits-focused NFT platform, offering various digital items from luxury alcohol brands that each correspond with a physical bottle. Designed into each NFT and physical bottle is an engraved carafe, cork holder, pipette, authentication plate, and other trimmings. After ballooning to a <a href="https://markets.businessinsider.com/news/currencies/nft-market-41-billion-nearing-fine-art-market-size-2022-1">$41 billion market in 2021</a>, the <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_source=markets">NFT space</a> continues to boom. Bullish experts say these tokens are <a href="https://markets.businessinsider.com/news/currencies/facebook-metaverse-nfts-crypto-meta-cryptocurrencies-2021-11?utm_medium=ingest&amp;utm_source=markets">the key to unlocking the next phase of the internet</a>, though <a href="https://markets.businessinsider.com/news/currencies/nfts-404-pages-geoffrey-huntley-right-clicked-downloaded-all-nfts-2021-11?utm_medium=ingest&amp;utm_source=markets">some still aren't sold</a>.In November, beverage-giant Budweiser launched its "<a href="https://markets.businessinsider.com/news/currencies/budweiser-budverse-nft-1936-gold-rare-core-token-collection-beer-2021-11">Key to the Budverse</a>" line of ethereum-based NFTs. The company priced each of those 1936-style beer can tokens at $999.

Hennessy is selling $226,000 NFTs of its luxury cognac that also reserve the rights to the real thing

<ul><li>The finance minister said that the government is keeping its eye on the crypto industry and the risks it presents.</li><li>Sitharaman clarified that the Indian government is yet to take a call on banning advertisements by crypto exchanges.</li><li>She had earlier informed the lower house that the government does not collect data on Bitcoin transactions.</li></ul>India’s Finance Minister <keyword id="129243" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> has confirmed that the government's new crypto bill — the one set to be introduced in the ongoing session of Parliament — is not the same as the 2019 draft. “We are in a position where we are close to bringing a bill in Parliament,” she said today, November 30, during the Winter Session. According to Sitharaman, the government is keeping its eye on the crypto industry and the risks it presents. “Risk that cryptocurrencies can lead to undesirable activities is being closely monitored,” she said. <cmsannotation type="cmsannotation" annotationid="Future of crypto ads in India remains uncertain" comment="subhead" text="Future of crypto ads in India remains uncertain">Future of crypto ads in India remains uncertain</cmsannotation> Sitharaman also clarified that the Indian government is yet to take a call on banning advertisements by crypto exchanges. In July, <a href="https://www.businessinsider.in/cryptocurrency/news/wazirx-coindcx-and-coinswitch-kubers-advertising-roll-has-hit-a-roadblock-in-india/articleshow/84432645.cms">earlier this year</a>, a plea was filed with the Delhi High Court seeking a formal framework for domestic cryptocurrency exchanges pushing ads on television. The bench, comprising judges DN Patel and Jyoti Singh, passed the buck onto the government, the Securities and Exchange Board of India (SEBI) and Indian crypto exchanges — WazirX, CoinDCX, and CoinSwitch Kuber to figure it out. Advertisements run in the past do have disclaimers, but the plea points out that they are too small to read and need to be broadcast in a standard size. According to the petitioners, SEBI should issue guidelines, which mandate the disclaimer on crypto ads to cover at least 80% of the screen. Sitharaman’s comments come after she told the Parliament that India has <a href="https://www.businessinsider.in/investment/news/india-has-no-plans-to-recognise-bitcoin-as-a-currency-says-countrys-finance-minister-nirmala-sitharaman/articleshow/87976812.cms">no plans</a> to recognise Bitcoin as a currency, yesterday, on November 29. She also informed the lower house — Lok Sabha — that the government does not collect data on Bitcoin transactions. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/budweiser-is-getting-in-on-the-nft-craze-with-its-key-to-the-budverse-line-of-ethereum-based-collectibles/articleshow/87992059.cms">Budweiser is getting in on the NFT craze with its 'Key to the Budverse' line of ethereum-based collectibles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/defi-the-peer-to-peer-financial-system-based-primarily-on-ethereum/articleshow/87992188.cms">DeFi: The peer-to-peer financial system based primarily on Ethereum</a>

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Budweiser is getting in on the NFT craze with its 'Key to the Budverse' line of ethereum-based collectibles

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Budweiser gets into NFTs by launching a Bud-themed space rocket on Twitter

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Hennessy is selling $226,000 NFTs of its luxury cognac that also reserve the rights to the real thing

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Indian government confirms that its new crypto bill is not the same as the old one

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