207: How Blockchain and Non-Fungible Tokens (NFTs) Will Change How You Buy Wine with David Garrett

Are you curious about how blockchain technology will transform how you buy and collect wine? How do non-fungible tokens, or NFTs, play a role? How can blockchain technology help to prevent counterfeit wines?   In this episode of the Unreserved Wine Talk podcast, I'm interviewing David Garrett, the co-founder of a global non-fungible token (NFT) wine club, Club dVIN.   You can find the wines we discussed at https://www.nataliemaclean.com/winepicks   Highlights Why did David make the move from tech to wine? How did meeting Santiago Achával transform David’s understanding of wine? What was it like building a vineyard on virgin land in the Uco Valley in Argentina? Which big lessons did David learn in the 10 years it took to start producing wine at his vineyard? How did David bring a data-oriented approach to winemaking? How did the unique private vineyard estate program at the Vines of Mendoza operate? Where does the biggest problem with counterfeit wine lie? How does blockchain technology help to disincentivize counterfeit wines? What is a blockchain and how does it help to clarify provenance? What’s the relationship between cryptocurrency and a blockchain? What are non-fungible tokens (NFTs)? How do you create an NFT for a bottle of wine? What are the benefits of NFTs for wine?   Key Takeaways David had such a clear and concrete way of explaining how blockchain technology will transform how you buy and collect wine? I also liked his comparisons to buying land or a house with non-fungible tokens, or NFTs. I was glad to hear that blockchain technology may help prevent counterfeit wines.   Join me on Instagram, Facebook and YouTube Live Join the live-stream video of this conversation on Wed at 7 pm ET on Instagram Live Video, Facebook Live Video or YouTube Live Video. I want to hear from you! What’s your opinion of what we’re discussing? What takeaways or tips do you love most from this chat? What questions do you have that we didn’t answer? Want to know when we go live? Add this to your calendar: https://www.addevent.com/calendar/CB262621   About David Garrett Since graduating from Michigan State University with a bachelor’s degree in political science, David Garrett has spent more than 25 years in the fields of tech, wine and finance. In 1994, he co-founded IntraACTIVE, a software company that built the original Intranet for the US Navy. After he sold his company in 2004, he co-founded The Vines of Mendoza, developing more than 1,500 acres of vineyard land in Argentina as well as a five -star resort and restaurant. In 2013, he led a group of investors to buy the largest vineyard in Priorat, Spain. Today, he’s the co-founder of Club dVIN, a global non-fungible token (NFT) wine club.     To learn more, visit https://www.nataliemaclean.com/207.