E-commerce wine startup to issue NFT

Technology and wine have finally met

NFT wine

E-commerce wine startup to issue NFT. Source: pexels.com

Yahyn and Skipstone Winery have announced the launch of a collaborative NFT to inspire the future of digital wine collecting.

According to information, the auction will begin accepting offers on May 13, 2021 on one of the OpenSea NFT marketplace.

Along with acquiring a new NFT to a collection, the participants will also have an opportunity to own a 6-liter bottle of the Oliver’s Blend-Cabernet Sauvignon, etched with a QR code that links back to the unique NFT.

Source: prnewswire.com

In fact, the NFT acts as a digital provenance for the physical product, establishing an authentication process to track a bottle’s ownership and prevent fraud.

This NFT opportunity marks the future of wine collecting. It's peace of mind for collectors to know that what they are buying is authentic and trackable. This is also a unique opportunity to give back to vineyards, since every time an NFT is resold, a percentage of that sale goes back to the vineyards. This means they can continue to take care of the hard-working people that make this possible to begin with
Jack Ambriz, Marketing Director at Yahyn

We’ve reported that in June, Binance will launch Binance NFT, its NFT marketplace and trading platform.

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