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.

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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