La Flor Dominicana’s first NFT sold for $85,000 yesterday.
The NFT was sold via the UREEQA platform and offered on the Ethereum blockchain. The NFT looks like the La Flor Dominicana Andalusian Bull Toritos, a 6 1/4 x 41 lonsdale version of the Andalusian Bull, which is now being referred to as The Golden Bull as part of the NFT project.
La Flor Dominicana plans on releasing seven NFTs. The owners of the NFTs will be able to purchase 70 of The Golden Bull cigars per month, actual cigars not more NFTs. If the token is sold, the new owner will also be able to purchase The Golden Bull cigars for as long as they own the token. The Andalusian Bull blend uses an Ecuadorian corojo wrapper over a Dominican binder and Dominican fillers that are grown at Estancia La Flor de Palma. It is not sold in stores, but La Flor Dominicana has used it for a variety of non-retail projects in recent years.
In addition, each auction winner will receive a Gold Bullion Humidor, a 50-count humidor that will be personalized for each auction winner.
The first Andalusian Bull The Golden NFT auction received 26 bids, some of which came from cigar retailers. The second auction is scheduled to close tomorrow, Monday Aug. 15, and had a minimum bid of more than 25 ETH, more than $48,000 as of Sunday afternoon.
This is not the first time La Flor Dominicana has created a membership program to distribute these specific cigar. La Flor Dominicana has done a similar thing with its Fleur D’Or Club, a club created for people who purchased one of the company’s high-end cutters, which started at $16,000 when they were announced. Owners of the cutters are part of the Fleur D’Or Club, which entitles them to purchase special releases, including the Andalusian Bull Toritos.
This is not the first time a cigar company has created an NFT project, United Cigars announced a project in 2021 centered around the Atabey Black, which it hinted as a future cigar.
I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I handle the editing of our written content, the majority of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I’ve lived in most corners of the country and now entering my second stint in Dallas, Texas. I enjoy boxing, headphones, the Le Mans 24-hour, wearing sweatshirts year-round and gyros. echte liebe.
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