Source | HalfWheel
United Cigar has launched what it’s described as the first NFT cigar: the Atabey Black Ritos.
Unlike every other cigar United Cigar sells, this is not actually a smokeable cigar. Rather, it’s a non-fungible token, a type of blockchain technology that has garnered increased popularity over the last month or so. NFTs are digital tokens, usually in the form of digital art, where the blockchain ledger is used to verify ownership. In this case, the buyers are purchasing virtual boxes of cigar that can be resold.
United Cigar says that there will be 11 “boxes” produced, 10 of which will be sold as singular items, the 11th “box” will be divided into 25 single cigars. It’s unclear whether a buyer of one of the 10 boxes would be able to sell their boxes as single NFT cigars.