Yahyn and Skipstone Winery are launching a collaborative NFT to inspire the future of wine collectibles. A six-liter bottle of Oliver's Blend-Cabernet Sauvignon is etched with a QR code that links to a unique NFT that "acts as a digital provenance for the physical product." The auction for the bottle and its NFT pairing is kicking off this month on the OpenSea marketplace.
Ownership of the digital wine collectible provides authentication and transparency, as ownership of the asset can be tracked to prevent fraud. Additionally, every time an NFT is resold, a percentage of that sale helps to support the vineyards. The future of digital wine collection has the potential to provide more value to both wine owners and producers.