Like all things, there are questions, here are answers to the questions we get most frequently.
What is an NFT?
An NFT is a Non-Fungible Token registered on the blockchain that represents ownership of a specific bottle or lot of wine or spirits currently in production. It is a verifiable digital asset tied to a real, physical good, purchased through a licensed retailer. We refer to our NFTs as Cellar Tokens.
Where do I purchase a Cellar Token NFT?
All NFT purchases are made through licensed local retailers participating in The Token Cellar network, in compliance with the US Three-Tier System. You may discover available offerings on producer websites or directly on our platform, but the transaction itself is always completed at the retail level.
How do I redeem my token for the physical bottle?
When your wine or spirit reaches its release date, you will be notified through the platform. You may then redeem your NFT through your participating retailer and collect the physical bottle in store. Wine club members may be eligible for direct delivery where permitted by applicable law.
Can I sell or transfer my NFT before redemption?
Yes. Your token is yours to hold, transfer privately, list on the marketplace, or place at auction at any time before redemption. The Token Cellar provides full secondary market liquidity.
How is the authenticity of each bottle verified?
Every asset listed on The Token Cellar is accompanied by documentation issued by official government organizations, verifying the origin and authenticity of the wine or spirit. This documentation is recorded and accessible on the blockchain.
Is this available in my state?
Availability depends on the licensing of participating retailers in your area and applicable state regulations. Please use our retailer locator or contact us directly to find a participating retailer near you.