Date: June 2021
Author: Inspector Z

Special Russian Habanos jar NFT. The world’s first ever asset-backed cigar NFT is nov live on the Binance NFT Marketplace. Now it’s not the first cigar that’s available as NFT, but in this case, the item does exist. That is not the case with the world’s first NFT cigar, the Atabey Black Ritos. The Art Nouveau Ramón Allones Hermitage Edición Regional Rusia 2017 isn’t just a concept. It is a rare porcelain jar with a rare regional edition for Russia. 

The Art Nouveau Ramón Allones Hermitage Edición Regional Rusia 2017 launched at the Russian Habanos Day last month. The Cigar Cult NFT is the part of “100 Creators” Campaign with 50 asset-backed NFTs “Art Nouveau Ramón Allones Hermitage Edición Regional Rusia 2017”. Bidding is almost closed so hurry. Bidding can be done here.

What is an NFT

Wikipedia explains NFT as “A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.[1] NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with proof of ownership that is separate from copyright.

In 2021, there has been increased interest in using NFTs. Blockchains like Ethereum, Flow, and Tezos have their own standards when it comes to supporting NFTs, but each works to ensure that the digital item represented is authentically one-of-a-kind. NFTs are now being used to commodify digital assets in art, music, sports, and other popular entertainment. Most NFTs are part of the Ethereum blockchain; however, other blockchains can implement their own versions of NFTs. The NFT market value tripled in 2020, reaching more than $250 million.”

Other NFT cigars

United Cigars, the cigar company of Dave Garofalo from 2 guys smoke shop, was the first cigar company to launch an NFT cigar. That is the Atabey Black Ritos. But that cigar is just a concept and thus not asset-backed. It might be in the future though. United Cigars sold 10 boxes plus 25 individual cigars in April of this year. 

Whether the Atabey Black Ritos will ever be a physical product is still a question mark. Back in April, Oliver Niveau of United Cigars said “The Atabey Black Ritos NFT is just a concept and not in actual production yet. or now, it’s only available to be seen and purchased on Ocean Sea.” The profits of the Atabey Black Ritos all went to the Cigar Rights of the World.

 

 

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