Digital Coin News

Ferrari worth $2.5 million is now a Polygon NFT

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

For purchasers of luxury items, there's a new way to buy and store expensive items using blockchain technology.

Altr hopes to become marketplace for luxury items that offers Polygon NFTs as proof ownership.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Imagine you buy a sports car, like a Ferrari F40, or a lavishly expensive watch, like a $195,000 Rolex, but you aren’t ready to shoulder the responsibility of caring for either item.

When a luxury item is sold via its platform, Altr said it not only “issues a digital proof of ownership in the form of an NFT" minted on the Polygon blockchain, but also promises to take care of the physical asset until the new owner decides to claim their item.d by Altr’s Oracles in safe storage facilities until the NFT holder decides to redeem the physical collectible,” the company said in a statement.to Twitter.

Altr, however, did not sell the Rolex to one buyer, but instead to a group of buyers. The company has introduced what it callsthat entitles would-be collectors to a piece — essentially a share — of a luxury item. People who own a fraction of an item receive an NFT.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Healthy competition welcome — Polygon zkEVM leadThe development of different Ethereum scaling zkEVMs is a positive for the ecosystem, with competition a source of innovation, according to Polygon’s Jordi Baylina. jbaylina gazza_jenks Polygon zkEVM has launched on mainnet, and the network is nearing 250,000 unique active addresses. Its daily active zkEVM addresses are also rising, with both metrics indicating that user adoption is increasing.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Polygon Labs Unveils ‘Hyperproductive’ Token POL, Poised to Replace MATIC and Boost Ecosystem Rewards – Altcoins Bitcoin NewsPolygon Labs, the team behind the Polygon blockchain, has introduced a third-generation token that could replace MATIC.
Source: BTCTN - 🏆 531. / 51 Read more »