Chevy’s New NFT Comes With The Real Corvette For The Winning Bidder

NFTs are popping up as news almost every day, and often not for good reason. This is because NFTs are usually quite silly, with silly stories about stolen monkey jpegs (opens in new tab) and rampant forgery (opens in new tab). Even when legitimate, people can and do pay crazy amounts of money for a pair of digital sneakers (opens in new tab) they will never be able to use it, all because of the NFTs.

well according to On the edge (opens in new tab) there’s a new NFT on the block that’s bound to come out for a good penny. Chevrolet is ready to auction a new NFT with a unique green Corvette.

Very cool art was created by Nick Sullo (opens in new tab), and shows the bright green car skidding through the alleys of the blue and pink city. While art is incredibly sweet, it’s still just a digital asset. However, the winning bidder for this NFT will also give you that actual physical car, so it looks like one of the least silly NFT auctions we’ve ever seen.

The Corvette up for auction is a Z06 in the color called “minted green”, as a nod to how NFTs are made, though it’s definitely more on the side of the spectrum. The real car is being painted to match the NFT artwork and promises to be the only Z06 in this color to be painted. It will also be associated with the NFT auction via a code, so the car and digital version are always linked.

As much as luxury cars and NFTs can’t help but make me cringe a little, they seem like a good fit for each other. Being able to charge a premium for a unique physical item that is cataloged digitally makes more sense than an NFT on its own. It’s like a digital car key fob. Another way to flaunt wealth when your car can’t be there in person to do it for you.

In this note, Chevy said it will donate all proceeds from the NFT auction to charity. The money will go to DonorsChoose, a US charity that helps underserved public schools. It’s a little hard to count on one person buying a forced-scarcity digital asset while a charity like this exists, but at least some of that money is going to a good place.

The auction is scheduled to take place from June 20th to 24th on the NFT market super rare (opens in new tab). As per most NFT sales, bids will only be accepted on Ethereum that still haven’t abandoned GPU crypto mining yet (opens in new tab).

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