Famous beer brand Budweiser, manufactured by Anheuser-Busch reportedly <a href="https://twitter.com/dGenNetwork/status/1430330168095264768?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1430330168095264768%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F958568%2Fbudweiser-gets-into-nfts-business-with-new-profile-picture-eth-domain-958568.html" target="_blank" rel="nofollow noopener">paid</a> 30 ETH for Beer.eth domain, which is equivalent to $95,000 and is getting frothy on NFT. Budweiser recently changed its Twitter profile picture to that of a rocket ship designed by Tom Sachs, an NFT artist. 
<h2>Budweiser Buys Beer.eth Domain for 30 ETH, Steps into NFT</h2>
Budweiser has recently revealed its plans to invest in a new <a href="https://www.cryptoknowmics.com/news/how-nfts-are-revolutionizing-digital-property-rights/">NFT</a> media shop and seems to be into NFTs after changing its profile picture. As reported by a link to the DNS address on NFT marketplace OpenSea, the picture was paid eight ether, which is equivalent to $25,000.

The Vice President of Global Brands at the parent company of Anheuser-Busch InBev, Richard Oppy, made an announcement back in the month of July that the beer brand is going to invest in a new NFT media shop run by internet entrepreneur, Gary Vaynerchuk.
<h2>Richard Oppy on this Initiative </h2>
In addition to this, Richard Oppy said that the initiative is going to be a long-term business play because the firm does not think that this is just a fad, and believe that it is here to stay, and added:
<blockquote>“We think that this is going to change the way people think about their sponsorship properties in the future.”</blockquote>
The shop, proclaimed as a “long-term business play” by beer company executives, will be seeing the intellectual property of Budweiser along with other beer brands packaged and sold as NFTs.

At the time of writing this article, nothing much has been disclosed regarding the same. However, it seems that various industries are coming up with innovations related to the field of non-fungible tokens, which will ultimately be led to the <a href="https://www.cryptoknowmics.com/news/non-fungible-tokens-on-a-path-to-mainstream-adoption/">increased adoption</a> of NFTs by companies.

Well, just like all the readers, we are also waiting for more information to be disclosed regarding the same.

Popular Beer Brand Budweiser Purchases Beer.eth Domain Name for 30 ETH Alongside NFT

Famous Beer brand Budweiser reportedly paid 30 ETH for Beer.eth domain, which is equivalent to $95,000 and is getting frothy on NFT.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Popular Beer Brand Budweiser Purchases Beer.eth Domain Name for 30 ETH Alongside NFT

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