Many large companies will enter Non-fungible token Various levels of success (NFT) sector. We hope that the new collection will serve as a way to attract fans and consumers, while at the same time emphasizing the new sector.
General Motors Company GM I did it roughly at their first NFT auction.
What happened: NFT’s recent auctions from GM’s Chevrolet brand were unpopular with bidders.
NFT auctions, including the physical 2023 Corvette Z06, Corvette blogger.
NFT featured Nick Sullo’s artwork, also known as xsulloonline. The winner of the auction was set to receive a physical Corvette Z06 in “mint green” color. This is the only model car painted in that color.
Of course there are pitfalls. NFTs were not sold at the auction, but the first bid was set at 206 ETH, or about $ 238,000. A few days after the end of the auction, the auction page will display a low bid with a starting bid of 0.77 ETH. The highest bids currently listed are 6.9 ETH or approximately $ 7,524. There is no word about whether Chevrolet will contact the user.
Related Links: Own a Lewis Hamilton F1 car thanks to NFT and FTX
Important reason: Corvette NFT auctions can be a valuable lesson as more brands enter the NFT space
Chevrolet doesn’t seem to be very interested in the failed auction.
“The first step to Web3 was educational. We will continue to look for ways to leverage technology to benefit our customers,” Chevrolet spokeswoman Trevor Thompkins told Corvette Blogger. .. “We will take what we have learned and apply it to future projects.”
In addition to losing Chevrolet in a failed auction, charity partner Donors Choose misses. Educational charities have been designated to receive a portion of the sale prior to the start of the auction.
Other car companies including Ferrari Race He seems happy to use the NFT sector to reach new and existing fans.
Over time, we’ll know if General Motors will be back in the NFT space soon or if we’ll be resting for a while.