People pay more for a digital car than a real one
Remarkably, some people pay more for a digital car than one you can actually drive!
Suppose you are dying and have some money to burn. Would you buy a nice classic that is also a good investment? Or do you buy a digital picture? Millionaires are increasingly buying the latter option these days.
Digital car
You can’t drive it. Yet investors pay huge amounts for a car that you cannot physically drive. And even though the NFT market has slowed down a bit, these pictures are still selling well. Research by Vanarama shows that people dig deep into their pockets to buy car-related NFTs. This means they own the digital representation of the cars (although anyone can view and download it), but they will never be able to put a single hand on the vehicle.
The research also shows that buyers are even willing to pay more for the NFT version than for the actual car. You don’t believe it? Let’s cover two examples.
Then we are talking about a Nissan GT-R. A fun car in real life. In September, a 3D rendering of the Nissan GT-R sports car was auctioned for more than $2.3 million – 10 times the price of the actual $200,000 price tag.
The second example is a video of an exploding Lamborghini. A brand new Lamborghini Huracan will cost you about $200,000 in America. That’s still cheaper than the crazy $250,000 that a video of a shattered video sold for. The artist behind it, under the pseudonym Shl0ms, stated at the time that his creation was a protest against “cryptoculture” rather than an attempt to make a profit.
bubble
It’s just what a madman is willing to do. This is once again apparent with these digital cars. Yet we prefer a real car. Or maybe both, if you still have enough money.
