Saturday, June 10, 2023

Budweiser Enters Ethereum’s NFT Field


Budweiser has taken a distinctive approach to the NFT area. It starts with purchasing the beer.eth ENS domain to create its very own memorabilia. They also have Bud Light entering a DAO and incorporating NFT iconography into a Super Bowl commercial. The beer company is already off to the races thanks to a marketing agreement with a well-known cryptocurrency game.

Budweiser reveals its intentions this week to incorporate the brand’s famous Clydesdale horses. It will be from previous marketing promotions into the Ethereum-based NFT horse driving game Zed Run. The company earlier announces a partnership with Stella Artois, which, like Budweiser, is operated by Anheuser-Busch InBev.

The beer company will produce in-game horse skins centering on its prominent Clydesdale mascots. Thus, this will be part of the agreement that they recently announced. The platform will also have a Budweiser-themed racing circuit in the gameplay. The companies will also work together on in-game challenges, with a net prize pool of $185,000, as well as special luxury items.

To join Zed Run, users must possess an NFT racehorse. An NFT functions similarly to a deed of property for an object. This includes artwork, souvenirs, or interactive video game products. They may also use it as a community participation card. This will be a ticket to a real or virtual event or a tool to support brand interaction efforts.

Zed Run may offer a Budweiser Pass NFT on June 9. Hence, they have 2,500 NFTs purchasable for $225 each including Ethereum platform processing costs. Owners who already possess a Budweiser Heritage Can NFT or maybe a Zed Run Genesis NFT racehorse pass will have first claims on the sale.

Budweiser Takes Bunch of Advances in the NFT Space

Budweiser Pass NFT owners will therefore receive a Budweiser Clydesdale skin in July. Moreover, they will also have a virtual t-shirt that characters in the Ethereum metaverse game Decentraland may wear.

Zed Run and the beer company will give a burn-to-earn reward if they complete the campaign in early 2023 and meet all functionalities. This is a selection of yet-unannounced incentives for burning or completely eliminating the Budweiser Pass NFT.

Since last autumn, Budweiser take a series of steps in the NFT area. This is similar to a website domain moniker that they can allocate to the crypto wallet.

At this point, the product’s Twitter profile photo was an NFT from the Tom Sachs: Rocket Factory project. Budweiser soon follows with their own Heritage Can NFTs. They are describing it as a key to the Budverse. Furthermore, this also has numerous incentives and rewards.

Bud Light quickly responded with its own NFT credentials. They then joined the Ethereum NFT initiative Nouns’ decentralized community. The company receives a free Noun as part of the transaction which the Nouns NFT shareholders agree on. At the time, it was worth $394,000 in ETH. In February, Bud Light uses the Nouns Glasses in their Super Bowl ad.

As per CryptoSlam statistics, Zed Run was able to produce more than $300 million in secondary market NFT trading activity to the present. To resume production, Virtually Human Studios receives $20M in Series A investment from Andreessen Horowitz and many others in July.

Rainy Naidoo
Rainy Naidoo
Rainy Naidoo is a writer for Cryptoconstellation. She has her Degree in Journalism and communications. Rainy Likes to spend her free time reading and exploring new places.

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