SHOW ALL

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Crypto enthusiasts are willing to pay more for NFT automobiles than for actual ones

Crypto_enthusiasts_are_willing_to_pay_more_for_NFT_automobiles

Let’s say you have a million dollars to spend. If you are crazy about cars, you can buy the newest Ferrari or an Aston Martin from 1956. But would you pay a lot of money for a car you couldn’t drive?

Even though it might seem strange, Vanarama research shows that customers are willing to spend a lot of money on non-functional car parts (NFTs). This means they own the digital image of the car, which anyone can see and download, but they will never be able to touch the car.

The report says that people are willing to pay even more for the NFT version than they are for the real car.

Let us consider four ludicrous examples:

A Nissan GT-R

In September, a 3D model of the sports car Nissan GT-R sold at auction for more than $2.3 million. This is ten times the price of the real car, which cost $200,000 to buy.

Video of a Lamborghini blowing up

The price of a new Lamborghini Huracan is more than $200,000. Still, that is less than the crazy $250,000 that a video of one breaking up into pieces sold for.

Shl0ms, the artist who made it, said at the time that it was more of a protest against β€œcrypto culture” than a way to make money.

A DeLorean DMC-12

Fans of the movie β€œBack to the Future” can buy a β€œtime-traveling” DeLorean for as little as $50,000. On the other hand, the NFT that is the same thing costs $183,000.

A DeLorean DMC-12

The logo of Car Man

That’s just a logo, and it’s only in two dimensions.

The Car Man Logo

Surprisingly, it’s the most expensive NFT that has to do with cars, costing $8,562,450 million right now. You could instead buy an original Aston Martin DB5, which is one of the most sought-after classic cars, for $6.9 million and still have money left over.

If you’re still not sure, here’s a list of all the most (unreasonably) expensive non-financial transfers that involve cars:

The Most Expensive Cars NFT
Credit: Vanarama
SHARE:
Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Recommended Posts

Leave a Reply

Your email address will not be published. Required fields are marked *