Škoda Auto, the Czech automobile conglomerate, has announced the launch of its NFT platform in collaboration with Near Protocol.
The Indian subsidiary of Škoda Auto, Škoda India, introduced the Web3 and nonfungible token (NFT) experience on June 20. Named “Škodaverse India,” the platform aims to offer several features such as low gas fees, interoperable NFTs for multiplatform usage, and eco-friendly, scalable NFTs.
The company emphasizes its commitment to sustainability by minting all NFTs on carbon-neutral blockchains.
While the exact release date and pricing details of the inaugural Škoda NFT collection have not been disclosed, users will be able to mint the NFTs by adding funds to their wallets once they are made available.
The developers promise a range of benefits for NFT holders, including ownership of unique digital assets representing Škoda’s artwork or collectibles, the potential for value appreciation and future resale, and access to exclusive perks, rewards, or experiences tied to NFT ownership.
Trading options will be available in both fiat currency and cryptocurrencies.
Škoda Auto’s NFT platform marks the company’s foray into the Web3 space, as it expands its digital presence. The platform invites users to explore, collect, and own unique digital art pieces, as the company embraces the possibilities offered by the Web3 technology.
Founded in 1925 in what was then Czechoslovakia, Škoda Auto became one of the largest industrial manufacturers in Interwar Europe.
However, it was later nationalized in 1948. Following the collapse of the Czechoslovak Communist regime in 1990, the company gradually became a subsidiary of German automobile manufacturer Volkswagen.
Škoda cars have gained popularity in Central and Eastern European countries, with a total of 731,000 cars delivered in 2022.
With the launch of the NFT platform, Škoda Auto aims to leverage the growing interest in digital assets and blockchain technology.
By embracing NFTs and the Web3 space, Škoda is positioning itself at the forefront of innovation in the automotive industry, offering unique digital experiences to its customers and collectors alike.
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