The Glenlivet Launches Exclusive 50-Year-Old Whisky Collection on Blockchain Marketplace Feb 13, 2024 Feb 13, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsFebruary 13, 2024 by Kelly Cromley

The Glenlivet Launches Exclusive 50-Year-Old Whisky Collection on Blockchain Marketplace

The Glenlivet, the renowned Scottish distillery, is unveiling a rare 50-year-old single malt collection through a groundbreaking blockchain-enabled marketplace named The Whisky Exchange Cabinet. The exclusive whisky, maturing at the Speyside distillery since 1974, initially in a bourbon barrel and later in a refill hogshead, is set to captivate enthusiasts and investors alike.

 

The collection, commemorating The Glenlivet’s 200th anniversary, comprises twelve meticulously crafted bottles, each commanding a price of €40,000 (£34,000) plus VAT on the blockchain-enabled marketplace. Each bottle is a testament to one of the twelve essential elements integral to The Glenlivet’s identity: Air, Angel Share, Barley, Cooper, Copper, Distiller, Earth, Fire, Heritage, Time, Water, and Wood.

 

Utilizing artificial intelligence (AI), The Glenlivet has created distinctive labels for each bottle, adding a touch of innovation to this exceptional release. The limited edition collection will be available for purchase starting on February 21, with the whisky slated to be bottled this summer.

 

Kevin Balmforth, a cask expert at The Glenlivet, expressed the uniqueness of the whisky, describing it as “a liquid of remarkable depth and character.” As the distillery marks its 200th anniversary, the release of this ultra-rare collection signifies a forward-looking perspective, offering whisky enthusiasts a glimpse into the evolution of luxury investments.

 

This exclusive whisky collection is the inaugural launch on a novel marketplace established by The Whisky Exchange, a prominent London-based retailer with a robust online presence. The initiative aims to introduce greater traceability and security into the rare single malt whisky market, ensuring a seamless and trustworthy transaction experience for buyers.

 

Buyers on The Whisky Exchange Cabinet will receive a transferable digital certificate upon purchase, serving as irrefutable proof of ownership. This digital certificate not only enhances the transparency of the transaction but also provides owners with additional perks. Along with the opportunity to redeem 5cl samples of the rare whisky at 48, 49, and 50 years old, owners will receive the full bottle upon its release this summer.

 

This blockchain-enabled approach reflects the growing trend in the luxury and spirits industry to leverage technology for authenticity and traceability. The Glenlivet’s strategic collaboration with The Whisky Exchange sets a precedent for the future of rare and collectible spirits trading, promising a secure and innovative platform for enthusiasts and investors.

 

It is worth noting that in 2021, The Glenlivet achieved a record-breaking auction of an 80-year-old whisky, fetching HK$1.5 million (£150,000). This latest venture into the blockchain marketplace reinforces The Glenlivet’s commitment to pushing boundaries and providing a unique and secure experience for connoisseurs and collectors worldwide.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.