One of the oldest car manufacturers in Europe has launched an NFT platform in India.
On June 20, Škoda India, the Indian subsidiary of Czech automobile conglomerate Škoda Auto,a Web3 and nonfungible token experience in partnership with Near Protocol. Dubbed “Škodaverse India," developers say the platform will possess low gas fees, interoperable NFTs for multiplatform usage, and eco-friendly, scalable NFTs. The firm wrote:
“Škodaverse India will also unlock bespoke utilities and experiences for NFT holders which will be revealed along with the first drop details. All NFTs will be minted on carbon-neutral blockchains, aligning with our sustainable vision." The debut Škoda NFT collection is scheduled to launch “soon," with no fixed date or offer price. Users will be able to mint the NFT whenever it is dropped through the addition of funds to their wallets.
Benefits for NFT holders, as listed by developers, include owning a unique digital asset representing Škoda’s artwork or collectibles, potential for “value appreciation” and resale in the future, and access to exclusive perks, rewards or experiences tied to NFT ownership. Trading is available via both fiat and cryptocurrencies.
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