How supercars are sold with NFT auctions
A lot has changed in the last 50 years, but one thing that has never changed, and will never change, is our love of speed. Even if you are not a car fanatic, people tend to appreciate what takes them from point A to point B. And if it can get you there quickly, well then it’s even better. Apart from Nascar and Formula 1, the fastest cars on the planet are supercars. And now one of the most interesting market crossovers in recent memory means that the same supercars are sold with NFT auctions.
Settlement with NFTs
Before we talk about supercars and NFT auctions, we should first try to get along with NFTs as a whole. If you, like many, do not fully understand NFTs yet, do not worry, we have you covered. NFTs, also known as non-fungible tokens, are unique pieces of digital identification. NFTs can take on a variety of styles or types, and cover everything from art to sports to supercars.
Each non-fungal token comes with a unique serial number that confirms the authenticity as well as your ownership. NFTs can be published completely uniquely, or in a limited number, but each one has only a certain number of authentic releases. With this scarcity comes the fluctuating market. Some people have seen huge profits thanks to the volatile market, and many compare the NFT trade with the previous boom that was shown with crypto.
NFTs see releases from creators, artists, companies and celebrities, and some even come with unique benefits. For example, some NFTs may provide access to exclusive clubs or events. Someone can give you access to horse racing in the real world. And some may even help you buy your dream supercar.
Supercars and NFTs
In perhaps one of the coolest twists in the NFT saga, real supercars have entered the fold. The Italian supercar engine Lamborghini announced that they will auction off their latest gas-powered Aventador with a 1 of 1 NFT. The sale comes as Lamborghini recently announced its plans to focus on pure supercars with electric and hybrid engines. According to their CEO, Lamborghini’s move into the NFT world is one that makes perfect sense. He feels that the NFT marketplace, like Lamborghini, is young and lively. And like NFTs, he feels that Lamborghini is more than a product or brand, it is a lifestyle.
Honestly, it is difficult to argue for any of these feelings. Outside of perhaps Ferrari, Lamborghini for sports cars is what Kleenex is for tissue. When you think of the word supercar, it’s probably a Lamborghini you envision. And now they are sold with NFTs. In April, Lamborghini sold the 1: 1 Aventador NFT for $ 1.6 million. The buyer also got to attend a virtual meeting and greet with artist Krista Kim and musician Steve Aoki. Although it was not the company’s first deep dive in the NFT world, it was without a doubt the biggest.
Chevy’s Next in Line
After seeing the media attention surrounding the Lamborghini NFT, Chevrolet decided to follow suit with its own NFT release for Corvette Z06. Chevrolet boasts that the owner of NFT will not only own the NFT and the supercar, but also the exclusive “minted green” color. The auction took place at the end of June and the NFT owner now owns a complete 1: 1 tour. While other car manufacturers have entered the NFT game, none other than these two have offered exclusive offers on supercars in limited editions.
Where can I buy NFTs?
NFT marketplaces are popping up every day, so it’s important to stay up to date. But here are some of our favorite exchanges:
SuperRare
SuperRare is the stock exchange that hosted the Corvette Z06 auction, but the site has unlimited possibilities. With a focus primarily on art-based projects, this is a good choice for all potential NFT buyers and sellers.
Open sea
OpenSea is currently the largest NFT marketplace. Millions of buyers and sellers actively trade in NFTs on a daily basis, and the options are endless. This is a great place for all types of people who want to get into NFTs.
Crypto.com
Last but not least, we recommend that you definitely check out Crypto.com. The top name in crypto exchanges is also a great place to buy and sell NFTs. The options are great, the site is user-friendly, and best of all, users can access and use their cryptocurrency wallet to make NFT transactions. This means that you can buy, sell and store NFT and crypto profits in one place. Whether you are experienced or new to NFTs, Crypto.com is a great option.
