Farandole is an NFT marketplace for wine & spirits, the new generation e-commerce platform that leverages blockchain technology. Through this technology we ensure authenticity and ownership of the products sold on the platform.
NFT marketplaces are platforms where NFTs can be stored, displayed, traded and in some cases minted (created). Farandole is a New Generation Marketplace supported by NFTs, advanced analytics and our proprietary FAR token. In comparison to other traditional e-commerce platforms, Farandole runs on a blockchain technology that safely stores all the product information. The authenticity of the product on the blockchain cannot be compromised. This is a technology that is becoming more commonly used and is on the verge of mass adoption. Farandole enables the trade of wine & spirits to a larger and more diverse group of people in a secure and interactive way. By cutting middle men Farandole aims to put the producer back in the game and allow buyers to access exclusive wine & spirits that would normally only be available to a limited group of people. The Farandole NFT marketplace brings producers and buyers closer to each other.
NFT stands for non-fungible tokens like ERC-721 (a smart contract standard) tokens which started to be hosted on Ethereum’s own blockchain, and are now available on other chains. NFTs are unique digital items such as collectibles, artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain-managed. The same technology can be applied for various collectibles such as wine & spirits. In this case one digital and one physical asset are linked together. 2022 is the year of physical NFT assets.
On Farandole you can buy NFTs with credit card or your crypto wallet. Find out more under “Buy”
You can sell you NFT on Farandole. Our sell function will be available from the end of June.
Brands Owners, Producers, Négociant, Merchants, Distributors and Private collectors. Submit the product you would like to sell through the page “Sell”
We accept both traditional FIAT currencies and AVAX on the platform. Even though NFTs are purchased with cryptocurrencies, our FIAT currency service accepts your credit card payments on the marketplace.
Each redemption of an NFT will only be processed if the redeemer is in full compliance of their local jurisdiction drinking age. Each redeemer is also responsible for importation and customs laws. The redemption will only be satisfied if importation of liquor is allowed in that region. All redemptions are final and may not be reversed. When the physical bottle is claimed this part of the NFT will be “burnt”. The remaining part will be your NFT collectible that can be displayed under your profile in your portfolio. Sometimes the NFT collectible till hold special perks such as for example, access to exclusive product drops.
People collect wine & spirits for many different reasons. Some collect because of interest, other because of the potential increase in value, and others to pass on as part of their heritage.
There is no right or wrong answer to this. Ask yourself why you want to collect wine and/or spirits and what your goal is. Is it because of passion, investment or heritage? If you are not sure, reach out to the Farandole team to ask for help!
On the Farandole website and through our social media channels you will be able to find a lot of information regarding how to collect, trends and other “know hows” that can help you on your journey. Before you start, make sure to know what your goal is and how much you are willing to invest in your collection.