# How Does It Work? I

Each NFT luxury car we mint is backed by a real physical luxury car. This is authenticated, insured, and stored in one of our secure depository vaults worldwide. The luxury car NFT is then broken down into fractions, allowing anyone to own part of the car for as little as $10. Users can trade their fractions 24/7 on Dreamcars' secondary market or an Ethereum blockchain-based third-party NFT marketplace such as Opensea.

The Dreamcars luxury car-backed NFTs can be used as proof of authenticity and ownership, collateral for lending, trading in secondary markets, or as digital collectibles within the Dreamcars ecosystem or Metaverse.

<figure><img src="/files/uY6h6esK6xk0zjgW6ilM" alt=""><figcaption></figcaption></figure>


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