Market Opportunity II
Last updated
Last updated
Fractionalization: Lowers the barriers to entry and enables the everyday person to own part of exclusive and multimillion-dollar cars.
Asset-Backed NFTs: Holding a digital, tradable version of a car backed by a real-world asset provides collectors with collateralized lending opportunities and unlocks liquidity.
Blockchain: When a car is authenticated and an NFT is minted, all the information about the car is stored in the metadata for product verification and history. This can be publicly checked and removes counterfeiting risks in the preowned markets.
Oracle: Building a publicly accessible oracle, enabling collectors, distributors, and institutions such as insurers to price and value cars accurately.