Automakers are minting NFTs, but is there a strong use case?
Would you buy a car you can’t drive? The latest NFT trend is here, but some are divided on whether it will stick around. Just before the turn of the 19th century, Carl Benz announced what is now widely considered as the world’s first commercial automobile. At the time, it would have been impossible to predict how this one product could spur the development of a multi-trillion-dollar industry over the course of the next century — but it did.From refueling stations and maintenance garages to tech giants like Uber, the world has created countless businesses catering specifically to the....
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Alfa Romeo's Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle's lifespan. Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car's whole life cycle.One of the most distinctive features of this SUV is that each car is linked to an accompanying NFT. The Tonale NFT, according to Alfa Romeo, certifies a car upon purchase and then simply records and keeps data during the vehicle's....
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io. Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted....
As another busy week comes to an end, the NFT universe witnessed many new developments. From Polygon teaming up with leading brands to unique new collectibles up for grabs – here are the top NFT news bytes of the week. Polygon to Offer A Sustainable Way of Minting NFTs NFT creation platform Cent will integrate Polygon with its Valuables platform to offer sustainable minting solutions. The company is already using Polygon’s blockchain solutions to mint NFTs while lowering the environmental impact by 99%. As of now, NFT transactions are processed via a Proof-of-Work (PoW)....
NFTs have been a pillar around a variety of upcoming projects and firms. From music, to fashion, to sports – and beyond – NFTs have been a hot topic. Now, the University of California Berkeley is looking to fund research by way of two NFTs at the heart of “biomedical breakthroughs”. Magnificent Minting In an […]
EliteDogeClub is announcing the largest non-fungible token (NFT) drop with 100,000 animated Doge NFTs. A collection for the people. These professionally animated NFTs will only be 0.01 Ethereum (ETH), one of the best deals in the NFT space. EliteDogeClub aims to make NFTs more inclusive by welcoming buyers of all budgets. Their primary goal is clear: become the gateway for new NFT buyers. The EliteDogeClub NFT will be launching on October 17, 2021, at 9 pm Eastern time. This launch is 10 to 20 times the size of most NFT launches, nine times cheaper than most launches, and provides animated....