Virtual car NFTs: The next big thing in vehicle ownership?

That dream car that always seems just out of reach? MotoBloq says you have a different option when it comes to owning a desirable ride: a virtual car NFT.

What, exactly, is an NFT? Without getting too into the weeds, an NFT–short for non-fungible token–is like an original piece of art in that it can be copied, scanned or replicated, but that doesn’t make those reproductions as valuable as the original piece; the original art is irreplaceable.

So MotoBloq is, essentially, offering digital versions of some of the most desirable cars ever made. If you buy one, you become the sole owner of that virtual car.

You can view the first 100 curated NFTs from the MotoBloq presale now, available for purchase “via credit card or select cryptocurrencies.”

Comments

Floating Doc (Forum Supporter) GRM+ Memberand PowerDork
7/31/21 7:47 a.m.

Obviously not, but my first thought on reading this is to wonder if today is April first instead of July 31.

nocones GRM+ Memberand UberDork
7/31/21 9:07 a.m.

I don't understand..

Mr. Peabody UltimaDork
7/31/21 9:22 a.m.

In reply to nocones :

It’s the latest thing for people with more money than brains

Countingcrowbars UltraDork
7/31/21 10:07 a.m.

What a dumb Berkeleying idea. Just dumb.

aircooled MegaDork
7/31/21 10:32 a.m.

I am pretty sure this is already known as: Gran Tourismo

And yes, this I suspect is mostly people with crap loads of bitcoin money trying to figure out how to spend it.

Streetwiseguy MegaDork
7/31/21 10:51 a.m.

Separating people from their money is a full time job.

JG Pasterjak Production/Art Director
7/31/21 11:37 a.m.

I'm not sure what's more insane: A real A80 Supra selling for $200,000 or a fake VW Beetle selling for $24.

Both cars will probably get driven exactly as much, so...

BlueInGreen - Jon UltraDork
7/31/21 11:53 a.m.

So it's like having a car in a video game... but there's no game?

I'm confused too.

JG Pasterjak Production/Art Director
7/31/21 12:29 p.m.

I have plenty of friends who produce purely digital art that never exists in a physical space, and NFTs might be a real benefit to them when it comes to commissions and original works. I see them as a legit way for artists in emerging media to be able to protect and get paid for their works.

But as glorified trading cards of cars? Oof, yeah. Not sure we're there yet.

Now, maybe create some sort of social/interactive infrastructure around these limited-quantity digital products that encourages trading (think Pokemon Go, but for cars), and maybe we're getting somewhere.