Chevy’s New NFT Comes With a Real Corvette for the Winning Bidder

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NFTs are in the news almost every day, and often not for a good reason. That’s because NFTs are usually pretty silly, with silly stories about stolen Ape jpegs (opens in a new tab) and the creeping counterfeit (opens in a new tab). Even when legit, people can and should pay crazy amounts for a pair of digital sneakers (opens in a new tab) they will never be able to wear, all for the sake of NFT.

Well according to The Verge (opens in a new tab) there’s a new NFT on the block that’s bound to cost a pretty penny. Chevrolet is set to auction an all-new NFT featuring a one-of-a-kind green Corvette.

The very cool illustration was created by Nick Sullo (opens in a new tab), and shows the bright green car skidding through the city’s blue and pink lanes. Although the art is incredibly sweet, it’s still just a digital asset. However, the winning bidder for this NFT will also get you this real physical car, so it seems to be one of the less stupid NFT auctions we’ve ever seen.

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

Even though fancy cars and NFTs can’t help but cringe a bit, they seem to go well for each other. Being able to charge a premium for a unique physical item that is digitally cataloged makes more sense than an NFT per se. It’s a bit like a digital key fob for the car. Another way to flaunt wealth when your car can’t be there in person to do it for you.

On that note, Chevy announced that it will be donating all proceeds from the NFT auction to charity. The money will go to DonorsChoose, a charity in the United States that helps underfunded public schools. It’s a little hard to reckon with someone buying a digital scarcity asset when a charity like this exists, but at least some of that money is going to a good place.

The auction is scheduled to be held June 20-24 on the NFT SuperRare Marketplace (opens in a new tab). As with most NFT sales, offers will only be accepted in Ethereum which has not yet abandoned GPU crypto mining. (opens in a new tab).

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