With Rickhouse DAO, a fully decentralized, autonomous organization, he is successfully turning NFTs into whiskey.
There are a host of technological advancements that Web 3 has brought along, and digital assets are one of them. Cryptocurrencies and NFTs have grown exponentially over the years and have picked up fast pace in recent times as investors have realized the potential they carry and hence want to make the best of it. Drew Schenck who is popular as Drew Barman on social media caught up with this ever-growing technology of the future and amalgamated his liquor business into this sphere, which was quite an impressive task.
He founded Rickhouse DAO, which brings the world of NFTs into the liquor sphere. It is amusing to know that a majority of industries are now turning towards the digital asset space to capitalize on its fast growth, and now even the liquor industry is steadily moving towards it as we can see with the introduction of this unique project by Schenck who always believed in technological advancement right from his early days. He had been observing this space for a long time and after looking at its advantages finally decided to plunge into it, as it showed tremendous promise, and he didn’t want to miss the train by boarding it at a later stage.
So, what Rickhouse DAO is exactly all about? To this he says that the name of adapted from a place which is basically a warehouse where bourbon is aged. He wanted to keep the history alive by choosing this name for his project, as it gave him a sense of preservation of the heritage, and hence this name was zeroed upon. The project is built utilizing the DAO structure, as it aims at creating higher-incentive environments where communities have the ability to own and be involved in the evolution of the brand. Membership can be purchased on the Ethereum blockchain as an ERC-1155 NFT.
There are two levels of membership NFTs:, the first being Founders and the second Master Distiller. There will be 1,000 Founders’ NFTs. Each Founders NFT will hold 250 units in the DAO. These will be used to fully build out the DAO and get label approval for the liquor. The second level will release 10,000 Master Distillers after the minting of Founders’ NFT. Each Master Distiller NFT holds 25 units of the DAO.
Schenck also has an established liquor brand Coladka behind him which is doing extremely well in the market. This aspiring artist says that he is confident that his project will make its way to the top once it steps in.
