No one does ‘World’s Best’ better than Dubai- agree? While you might know all about the world’s tallest buildings and the pristine beaches. But there are a few things about the city no one would have ever told you. On its way to becoming the capital of Cryptocurrency, Dubai has yet another surprise for NFT lovers. All car enthusiasts in the house, this news is for you.
World’s First Supercar Ownership NFT Series
Project Black offers purchasers a month of ownership of a coveted Mercedes-AMG GT Black Series as well as one-of-a-kind pieces by artist Idriss B. On Friday, the world’s first supercar ownership NFT series debuted in Dubai. To the crowd’s surprise, the first three NFTs sold out in seconds. The NFTs come with customised digital and physical artworks. It accompanies a month of ownership and driving a Mercedes-AMG GT Black Series.
With one month of ownership each year, car aficionados who acquire the NFTs can get their hands on an AMG vehicle. Buyers will also receive a one-of-a-kind 3D NFT model of the automobile. This will come with a mini replica of the car with distinctive features dependent on the quantity of NFTs purchased.
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MContent Introduces NFT To The Automotive Industry
The OpenSea auction will run up to 12 days and the actual base price of each NFT is put roughly 25 Ethereum. It basically corresponds to US$80,000. The Project Black programme allows 12 NFT purchasers to share ownership and consumption of the nearly impossible-to-find AMG luxury vehicle.
According to Umair Masoom, creator of MContent, the world’s first tokenised content network and the firm behind Project Black is a means of spreading luxury asset ownership. Only a few numbers of the 700 hp Mercedes-AMG GT Black Series are international built.
There seems to be common ownership as well. This indicates that after a few years, MContent will instantly sell the automobile and disperse the proceeds among its NFT holders. MContent has also said that a certain percentage of NFT sales earnings would go to charity. The Rashid Center for People of Determination will receive the funds to help its CSR framework.
Also Read: Dubai Is Hosting First-Ever Immersive NFT Art Exhibition