December 10, 2021, 12:25PM EST · 1 min read
Soft drink manufacturer Pepsi, under its parent company PepsiCo, announced on Thursday that it is releasing a collection of 1,893 non-fungible tokens (NFTs) on December 14.
As Pepsi wrote on Twitter, the NFT collection is only available for individuals on their waiting list, which opens on December 10th. The first 1,893 people who made it on the list will then have the opportunity to mint a Pepsi NFT on December 14th.
Pepsi follows the popular American beer company Budweiser in launching an NFT collection. However, unlike Budweiser’s NFTs which cost at least $499 to purchase, Pepsi’s are free — buyers only need to pay for gas fees.
Pepsi’s generative collection involves the randomized traits of 10 microphones inspired by Pepsi flavors as a “nod to the strong connection Pepsi has to music,” the brand wrote on the Mic Drop web page. The mics will have randomized features with certain rarities, making it resemble other popular NFT collectible projects like Bored Ape Yacht Club and CryptoPunks.