Key Takeaways
- Budweiser pays 8 Ether for NFT
- More mainstream firms are purchasing NFTs
- Ethereum leads the NFT market, followed by Binance Smart Chain
The details of the purchase were made available from data obtained from popular Ethereum NFT marketplace OpenSea.
The information reveals that Budweiser made the purchase on August 24 and paid around 8 Ether ($24,000) for the NFT.
The sold NFT was minted by top artist Tom Sachs and consists of an image of a rocket made from 2 cans of Beer.
Since the purchase, Budweiser has already updated its official picture on Twitter with the NFT image.
Budweiser revealed that the purchase represented a new dawn for the company within the NFT ecosystem.
This latest development follows the acquisition of the blockchain domain name Beer.eth earlier in the month. Budweiser spent about 30 ETH or $98,000) for the domain.
The brewery industry has increasingly turned towards blockchain technology in recent months.
For example, UK beer manufacturer Stella Artois recently released a series of NFTs that can be accessed on the popular blockchain game Zed Run.
NFTs continue to make the headlines with high-profile acquisitions in recent weeks.
Earlier in the week, debit card provider, Visa, revealed the purchase of a Cryptopunks NFT for $165,000.
The financial giant also announced in a statement that NFTs could play a crucial role in different sectors.
The NFT market is expected to hit the $50 billion mark by 2025, and more blockchains are creating dedicated platforms for the minting of digital art.
Ethereum currently leads the way with most marketplaces and transactions made.
However, the Binance Smart Chain network is fast catching up due to lower transaction fees and the cross-chain capability of the blockchain.
What are your thoughts on the growing popularity of NFTs?
