Yao Family Wines becomes the first winery in the world to offer a wine for auction paired with an NFT digital collectible. The Chop Drop goes live on Wednesday, April 14, 12 pm PST at The Chop Drop for 48 hours.
The wine’s name and label design are inspired by the Chinese chop (or seal) used by individuals as a signature on official documents and works of art for thousands of years. The seal featured on each bottle of THE CHOP represents the founder’s family name YAO in ancient Chinese script and has been featured on each bottle of Yao Family Wines since inception.
“Pairing this exquisite wine with a limited edition NFT should appeal to wine collectors, sports memorabilia collectors, NFT collectors, early adopters and anyone who appreciates the value of one-of-a-kind assets,” Jay Behmke, President, Yao Family Wines said. “As a Napa Valley-based winery with a Chinese founder, we’re also pleased to dedicate a portion of proceeds from THE CHOP DROP to the Asian American community at this critical time.”