Strauss & Co. will sell the continent’s first fine wine NFTs, and the winners get the wine to go with them.
The sale, organized by auction house Strauss & Co. from 18 April to 25 April, will offer wines from five producers, with each NFT holding between 20 and 50 vintages and between 66 and 288 bottles.
“The digital contract, stored on the polygon blockchain, includes all the provenance, pricing, transaction, sensorial and ageing information.” NFTs have soared in popularity in recent months, with caricatures of monkeys and lions commanding prices in the millions of dollars. Sports clubs, prestige automakers and even pop stars are among those getting into the nascent trading business, which uses blockchain technology to authenticate unique ownership tokens.
Strauss Vin de Constance 86-27 NFT offers the first 40 vintages of Klein Constantia’s sweet wine made from Muscat de Frontignan. Estimates at R550,000 to R750,000.
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