World’s first supercar ownership NFT launched in Dubai

World’s first supercar ownership NFT launched in Dubai

Organised by MContent, the company tied up with well-known artist Idriss B whose high-profile clients include Akon, Lindsey Lohan and Snoop Dogg. MContent is a web3 and cryptocurrency brand.

Creating a total of 12 one-of-a-kind bespoke digital and physical artworks to be given to the NFT buyers each reflecting a month in a year and minted for each owner.

This unique NFT has many utilities, from owning, driving, and experiencing the car for a month every year to owning the unique 3D NFT model of the car and an actual physical miniature of the car with unique elements based on the number of the NFT.

As well as shared ownership, after a few years MContent will resell the car and redistribute the value back to its NFT holders directly. MContent has also announced that a fixed amount out of the NFT sales proceeds will be donated to the Rashid Center for People of Determination as a part of its CSR framework.A

The launch event also showcased digital tutorials from popular auto-influencers Super Car Blondie and Arab GT. It also included the reveal of a game-changing NFT collection called ‘Project Black’.

Mercedes-AMG GT Black Series shared ownership to 12 NFT buyers. The sports car is a