Both NFTs and tokens originate from the world of cryptocurrencies

How NFTs are revolutionising the wine world

Dominik Vombach, Martin Kubesch, 03.07.2023

Non-fungible tokens are the latest trend in the wine world with more and more producers launching wines and spirits with digital added value. But how does it work, and what exactly do customers get out of it?

A price of $2.5million USD was paid for a magnum bottle of Château Avenue Foch from 2017 when it was auctioned last year. Don’t be surprised if you are unfamiliar with this Champagne producer, because the most expensive Champagne bottle in history to date is less about the sparkling contents than the whole shebang.

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How NFTs are revolutionising the wine world