Two investors bought a bottle of champagne with digital tokens attached for $2.5 million, likely breaking the record for the most expensive wine in history. And they don't plan to pop the cork. 'I think it will be a good investment.'
The buyers, Italian brothers with wealth from crypto and fashion, don’t plan to pop the cork. ‘I think it will be a good investment.’
Non-fungible tokens, or NFTs, have gone in the last year from a relatively obscure blockchain technology to a market valued at around $44 billion. WSJ explores how NFTs are transforming the art market and tells the story of who is behind the buzz. Photo illustration: Alexander Hotz/WSJStocks are in a bear market and crypto has crashed, but two investors have put their money into something more unusual: a bottle of champagne with digital tokens attached. It sold for $2.
Entrepreneurs and brothers Giovanni and Piero Buono bought the bottle in a private sale last Friday, a magnum with a 2017 vintage sold by Champagne Avenue Foch.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The U.S. caused nearly $2 trillion of climate harm to poorer nations, study finds'It's the countries that have emitted the least that are also the ones that tend to be harmed,' says co-author.
Read more »
CryptoPunk sells for $2.6M as big NFT brand floor prices increaseWhile general interest and broader trading volume in the NFT market continues to sink, CryptoPunk 4464, a one-in-24 ape-themed NFT has sold for $2.6 million, making it the fourth largest ether (ETH) denominated sale in the collection’s history.
Read more »
Anchorage Assembly approves spending $2.8M for housing homeless at Aviator Hotel - Alaska Public MediaAccording to officials with Mayor Dave Bronson’s office, there are currently 191 homeless people using 166 rooms at the hotel. They say the money will pay for up to 225 rooms from July 1 to the end of September.
Read more »
Austin ISD details $2.2B bond proposal for school upgradesA focal point of both versions of the proposal are safety upgrades, something many parents have called for in the wake of the Uvalde school shooting.
Read more »
SAWS works to give away final $2 million in pandemic relief for past-due billsThe utility has used about $7.9 million of the $10 million allocated by the city from its American Rescue Plan Act funds, SAWS Vice President of Customer Experience Mary Bailey said. Story by LindseyGCarnett.
Read more »
WSJ News Exclusive | U.S. Urges Pharmacists to Fill Prescriptions for Drugs That Can Be Used in AbortionsNew federal health guidelines say pharmacists could run afoul of antidiscrimination law if they refuse to dispense drugs used for medication abortion and other medical conditions.
Read more »