The hype surrounding non-fungible tokens has not only reached the worlds of art, music, and fashion, but also car enthusiasts. There, pictures of real cars are traded as NFTs of cars for prices at which one can sometimes buy several copies of the model in question — all for unique values on the blockchain which, unlike Bitcoin, are not divisible. Cryptocurrency crashes in the past have highlighted once again how quickly the money makers of yesterday can lose massive value or even become virtually worthless overnight. (Also read: NFT – Everything you need to know about crypto hype)
These are the most expensive NFTs
British car rental company Vanarama researched the cars that exchanged NFTs for the most money. The most expensive NFT currently related to the automotive world is for sale. It’s a 2D minimalist graphic “Car Man Logo” from the Morabira Logo Designs NFT collection. It is currently being offered for 5,000 ETH (currently around €9.1 million) on auction platform OpenSea until September 16, 2022.
It’s questionable whether the otherwise unspectacular logo would actually find a buyer at this price. And according to Fanarama, the 3D rendering of the Nissan GT-R high-performance sports car was paid for in neon purple optics. According to information, the cost is about 1.9 million pounds (2.3 million euros). According to experts, a real Nissan model costs around 125,000 euros. In the automotive NFT world, the price of the DeLorean DMC-12 token was much higher than the original price. (Also interesting: This bizarre typo cost NFT sellers nearly a quarter of a million euros)
DeLorean DMC-12: Auto-NFT costs three times more than the car itself
According to the car rental company, the famous car from Back to the Future is currently being changed for the equivalent of €50,000 on average. One interested party paid more than three times that amount for a car NFT with gull wing doors. This was remarkable, according to the article, since the buyer did not acquire ownership of the Auto-NFT. The copyright remains with its creator. So he can change the token if he wants to.