Napa Valley Register on The Chop Drop Napa Valley’s Yao Family Wines made headlines after the winery announced it intended to become the first in the world to pair NFTs with bottles of its wine at auction.

NFT stands for “non-fungible token.” A fungible item is something like a $1 bill, according to Sam Goundar, editor-in-chief of the International Journal of Blockchains and Cryptocurrencies: “Your $1 is equal to someone else’s $1 in value,” he wrote in an email.

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