Project-Black,-the-first-ever-globally-distributed-super-car-ownership-NFT-by-MContent
This week MContent introduced the world’s first supercar ownership NFT series selling the first three in minutes. The unprecedented launch event unveiled the NFT’s, which allow buyers to own and drive the highly sought-after Mercedes-AMG GT Black Series for a whole month every year when purchasing a bespoke digital and physical artwork by globally renowned NFT artist Idriss B.
Umair Masoom, MContent Founder & CEO says; “The Web3 is designed to bring scalable and creative solutions to solve the supply, demand, affordability, and funding gaps that exist across different industries around the world. Our breakthrough NFT format called Project Black is a starting point for selling product experiences to more consumers than the available inventory. This will initiate a global trend of distributed luxury asset ownership for different brands and segments. MContent is the web3 and cryptocurrency brand that is now globally recognised for always innovating and launching new trends. Our innovation started with the world’s first blockchain-based content funding ecosystem after which we launched the world’s first decentralized #Watch2Earn content streaming platform followed by the world’s first Cineverse – our Cinema for the Metaverse and expanded this to several iconic locations. Now our historic implementation of Project Black NFT showcases how we can help different companies and brands in defining the future of their consumer experiences and value propositions in an increasingly digital world.”
The supercar NFT launch campaign also showcased digital tutorials from mega auto-influencers Super Car Blondie and Arab GT, and included the reveal of a game-changing NFT collection called “PROJECT BLACK”. Selling the almost impossible to get, Mercedes-AMG GT Black Series shared ownership with 12 NFT buyers. With only a handful produced globally by the manufacturer, this AMG is a unique masterpiece of German engineering including over 700 horsepower and a handmade engine, the model has overwhelming demand in the car enthusiast’s industry. MContent tied up with world-known artist Idriss B whose high-profile clients include Akon, Lindsey Lohan and Snoop Dogg. Creating a total of 12 one-of-a-kind bespoke digital and physical artworks to be given to the NFT buyers each reflecting a month in a year and minted for each owner.
NFT Artist Idriss B comments “I am super proud of being part of this first amazing first of its kind across NFT. Not only is the concept great but the car itself is a piece of art. The fact that it is ferocious, powerful and rare inspired me to sublimise it in the best way. When MContent came to me, I was totally into the concept and had thousands of ideas immediately, knowing the NFT element pushes boundaries and gives me endless possibilities creatively, I also wanted to represent the car and bring real value to the NFT holders.”
#ProjectBlack was hosted in the world’s first AMG Kaffeehaus, where the listing of the NFTs on Opensea.io was announced in real-time and the first three NFTs already received their first bids during the live announcement ceremony, the initial base value of each NFT is set around 25 Ethereum or the equivalent to USD 80,000 and the Open Sea bidding lasts for a total of 12 days.
Partner for the event Anas Bhurtun CEO of Arts Dao, a leading global community of NFT Artists, collectors, and enthusiasts says: “Arts DAO is excited to be partnering with MContent for this one-of-a-kind event. Utility in the NFT space is fast becoming the most valuable pillar for any project, with “Project Black” utility at the forefront, allowing luxury car enthusiasts to get behind the wheel of an AMG car they might not have had the chance to drive otherwise. We’re grateful to be able to help merge both the NFT and luxury car world together, this is only the start of what NFT technology can bring about”
This unique NFT has many utilities, from owning, driving, and experiencing the car for a month every year to owning the unique 3D NFT model of the car and an actual physical miniature of the car with unique elements based on the number of the NFT. As well as shared ownership, after a few years, MContent will resell the car and redistribute the value back to its NFT holders directly. MContent has also announced that a fixed amount out of the NFT sales proceeds will be donated to the Rashid Center for People of Determination as a part of its CSR framework.
For more information visit: https://nft.mcontent.net/
INFORMATION FOR READER
What is NFT?
NFT stands for Non-Fungible Token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.
Common examples of NFTs include artwork, trading cards, comic books, sports collectables, games and more. Although NFTs tend to be associated with artwork, they actually represent much more.
What is NFT Art?
NFT art comes in various forms, such as static and dynamic images, music and videos, and more. Additional information related to each NFT can be stored within the NFT’s metadata, giving each asset a unique history.
Many people wonder if buying an NFT is just like purchasing a JPG image online. The answer is no—NFTs are completely different from regular images online. They have unique identities and a trackable history, allowing them to be scarce and carry provenance.
As an example, consider one of the most famous art pieces, the Mona Lisa. At any point, it’s possible to commission an artist to recreate the Mona Lisa. You can even take a picture of the Mona Lisa or order a print to hang up on a wall.
Like the original, the real Mona Lisa will always be more valued and sought after than any recreations or printouts – this is due to provenance and originality. NFTs provide a similar uniqueness to digital images that were once only reserved for physical art.
Please Note: Criticreviewer.com provides news and information services “as available”, without guarantee of any kind. Without limiting this, we expressly disclaim all warranties, whether express, implied, or statutory, with respect to the website. The use of blockchain applications is associated with a high degree of technological and/or other risks. Holders and/or buyers of NFT-Tokens assume these risks. NFT-Tokens are non-fungible tokens that represent ownership of a digital work of art only. Consequently, no information on this website (or any other document mentioned on it) is or can be considered as advice or an invitation to enter into an agreement for any investment purpose. Furthermore, since NFT-Token represents a work of art, nothing on this website qualifies or is intended to be an offer of securities in any jurisdiction or constitute an offer or invitation to buy stocks, securities, or other financial products.
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