Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain

Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain

The beer company seems to be taking another step into the crypto and blockchain space with these latest buys. Budweiser, a subsidiary of Anheuser-Busch InBev, appears to have unofficially sanctioned a piece of nonfungible token, or NFT, art after purchasing it for use on its Twitter profile. According to records from the OpenSea marketplace, the beer producer purchased a Budweiser-branded rocketship NFT on Aug. 24 for 8 Ether (ETH), or roughly $25,704. The company used the “Life of the Party” image, featuring three beer cans making up the body of a rocketship, for its official Twitter....


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