Crypto followers are paying extra for NFT vehicles than actual ones


Say you had tens of millions of {dollars} to spend. For those who’re an automotive fanatic, maybe you’d purchase the newest Ferrari or a 1956 Aston Martin. However would you spend an exorbitant quantity for a automobile you may’t bodily drive?

It might sound illogical, however analysis by Vanarama exhibits individuals are digging deep into their pockets to purchase car-related NFTs. Which means that they personal the vehicles’ digital rendering (though anybody can view and obtain it), however they’ll by no means get to put a single hand on the car.

Actually, as per the examine, consumers are keen to pay much more for the NFT model than the precise automobile.

Hello there, EV nerd!

Subscribe now for a weekly recap of our favourite mobility tales

Let’s check out 4 ridiculous examples:

1. A Nissan GT-R

In September, a 3D rendering of the Nissan GT-R sports activities automobile was auctioned for greater than $2.3 million — 10 occasions the price of the precise automobile’s $200,000 price ticket.

Nissan GTR NFT