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Blockchain-based Tech Meets Fine Wine

VDP is adopting NFTs

From Meininger: "Readers of last week’s Meininger’s articles on NFTs may be interested to learn that the new technology has been adopted by the VDP, the association that brings together Germany’s most illustrious wine producers."

Main take-aways:

  • vinID is combining NFT and NFC technology to protect wine from forgery.

  • Consumers obtain NFT details about a wine bottle by scanning with their smartphone.

  • The concept is aimed at producers

  • Cooperation with top VDP producers may help attract interest from others

  • vinID believes it has sufficiently funds to allow it the time to build its business

Full article