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Economy

Blockchain Uncorked, Champagne And Fine Wine Hit The NFT Market

In just a few months, NFTs, the digital equivalent of collectables, have generated over $10 billion. Now, luxury champagne and wine brands are moving into the world of digital assets. But as investors and vineyards toast to the future, will the concept pop or fizzle?

Blockchain Uncorked, Champagne And Fine Wine Hit The NFT Market

Rarity, exclusivity, desirability, traceability: NFTs are obviously of interest for some sectors

Béatrice Brasseur

PARIS — What's new in champagne? Tokenized bubbles!

In October, Dom Pérignon demonstrated it perpetual creative effervescence by launching limited edition boxes of its 2010 vintage and its 2006 rosé, which were "designed" in collaboration with the megastar Lady Gaga (available only on the French market). The 100 bottles — a few drops in the ocean of bubbles produced by Dom Pérignon — and their digital versions were offered for sale in a 100% virtual space. In search of new fans and eager to "create rarity within rarity," the champagne brand has thus become the very first in its sector to take the plunge into NFTs, the digital answer to collectibles.

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Russia

When Mom Believes Putin: A Russian Family Torn Apart Over Ukraine Invasion

Sisters Rante and Satu Vodich fled Russia because they could no longer bear to live under Putin — but their mother believes state propaganda about the war. Her daughters are building a new life for themselves in Georgia.

A mother and her daughter on a barricade in Kyiv

Steffi Unsleber

TBILISI — On a gloomy afternoon in May, Rante Vodich gets the keys to her new home. A week earlier, the 27-year-old found this wooden shed in Tbilisi, with a corrugated iron roof and ramshackle bathroom. The shed next door houses an old bed covered in dust. Vodich refers to the place as a “studio” and pays $300 per month in rent. She says finding the studio is the best thing that’s happened to her since she came to Georgia. It is her hope for the future.

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Her younger sister Satu Vodich is around 400 kilometers further west, in the city of Batumi on Georgia’s Black Sea coast, surrounded by Russian tourists, Ukrainian flags, skyscrapers with sea views and the run-down homes of local residents.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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