Degen Distillery, a local spirits brand, has sold out of Origo X non-fermented spirits

On 12th March, 2024, crowd-created spirits brand Degen DistilleryOrigo X has sold out all of its Origo X non-fungible tokens. It offers its holders a number of digital and tangible benefits, such as perks for real-life festivals and events, guaranteed token airdrops and more. The collection has a floor price on Mintify of 0.19 ETH, the secondary market on BlastAt the time of writing, the trending topic has been for the past 24 hour.

The team said that the new Origo X Collection features 1500 unique features. This represents a step forward for the future of its first-of -a-kind NFTs, and business. Members who were whitelisted, and received at least 1 of the 1500 NFTs, would be eligible for many perks, including a token airdrop guarantee for its upcoming native crypto token $DRINK. They would also have access to digital and physical events and exclusive products from its partners.

The company has formed a partnership with Brewdog Brewery, a $2 Billion brewery. This partnership gives the company access to Brewdog’s extensive global distribution networks, retail accounts, and more.

The collection was a huge success for the company. Its price quickly rose after it sold out, with prices on Mintify reaching 42 ETH during the first 24 hour period of mint. Trading volume and the floor price also increased to 0.19 ETH (or approximately $769 as of the time of writing) on the following day.

“Holders of the Origo X collection will also be eligible for exclusively reserved Degen Distillery token airdrops in the coming months,”Sammy Verghese CEO and Founder Degen Distillery. “It has been a great pleasure for our team to see the incredible success and support from the community,”Sammy is a new addition to the family.

Degen Distillery plans to launch its entire ecosystem within the next few months, with a focus on its first-of its-kind NFTs.