A $2.5 Million NFT Parked Instead of Ferrari

posted  19 Jul 2023
Photo - A $2.5 Million NFT Parked Instead of Ferrari
Altr, a marketplace utilizing NFTs to trade in luxury assets, made headlines by successfully selling an NFT-backed Ferrari F40 worth $2.5 million.

Instead of receiving the vehicle, the buyer got a digital ownership certification in the form of an NFT. The seller, meanwhile, has pledged to store and maintain the car until the owner claims the physical asset.

Additionally, Altr offers fractional NFT ownership, empowering several investors to collectively own a high-value item.

A tricky choice: to purchase an NFT for a Ferrari wheel or an entire Opel?