After announcing the one-of-a-kind Moonshot 1911 pistol earlier this week, Cabot Guns now says it will be the first firearms company to offer a digital firearm collection through mining non-fungible tokens, better known by the acronym "NFT." The first available NFT from the company will be the newest Cabot pistol, the aforementioned Moonshot 1911.
In addition to the Moonshot 1911 pistol, 22 "hand-picked" NFTs will be minted by Cabot Guns and offered for sale on Saturday, January 15, 2022.
Cabot Guns will mint its NFTs using the OpenSea platform and, when purchased, each NFT will reside within the Ethereum blockchain.
From the Cabot Guns NFT press release:
"Beginning with Cabot’s latest One of a Kind (OAK) Custom—the Moonshot—the company assumes a leading industry role by digitizing select models in its custom 1911 pistol collection."
Plus, Cabot Guns as a verified NFT issuer, along with the company’s NFT platform, will allow collectors from any country to own a Cabot, albeit virtually in some cases.
What exactly is an NFT? Here is a short description from Wikipedia: "A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs can be associated with reproducible digital files such as photos, videos and audio."
Learn more at cabotguns.com.
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