Reddit - on Blockchain wine

IndustryWine trading
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https://www.reddit.com/r/wineEP/

https://www.reddit.com/r/WineEP/comments/sdv26s/wines_sold_with_digital_ownership_nft_what_are/

Hello

I wanted to ask everyone, what are your thoughts on using NFT's as digital ownership tokens for wine?

I've seen 2 companies online (WIV and BlockBar) that are selling NFT's for, what I understand as En Primeur wine.

From what I understand the utilities are

  1. you can buy & trade the NFT and redeem it for a bottle/case (its underlying asset) at a later time
  1. you can see the history of immutable ownership
  1. you can "advertise" your ownership in online galleries like https://gallery.so/kevinrose
  1. you can use your NFT as collateral for a loan in Decentralized Finance

I'm curious,

  1. Do you think this tech is necessary? good? bad?
  1. Would you use it?
  1. Why wouldn't it work?
  1. What would stop it from going mainstream?
  1. What am I missing?

Full disclosure, I'm a wine collector & very interested in the space with the potential to make something in the space. I'd love to hear your thoughts