NFT artist, Design by Ian, launches an NFT for the 2019 Jeep Cherokee Latitude FWD to become the first-ever NFT car dealer
April 18, 2021 /MarketersMedia/ —
Design by Ian is making history with the launch of an NFT for the 2019 Jeep Cherokee Latitude FWD on Opensea, the world’s largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs). The move is unprecedented in the fast-emerging NFT market, as it is the first time in history that an NFT will represent a real physical car.
The global NFT market has literally exploded in recent times, disrupting the world of arts by bringing blockchain technology into the market. The concept aims to prove the authenticity of the artwork while providing exclusive ownership to the unique item, which can be redeemed for a physical printed artwork or traded on marketplaces. Recently, an artwork NFT was purchased for $69 million, with several other amazing deals already cropping up. However, the team at Design by Ian is taking it a notch higher to become the first NFT car dealers to create an NFT that can be redeemed for a real car.
The 2019 Jeep Cherokee NFT is listed as an NFT at 7.4 ETH, approximately $17,000 but the book price price for this car is $22,000, which includes free delivery in the Los Angeles area. The car has only 7500 miles, is very clean, and still has that new car smell. The Kelley Bluebook value is showing as $20,993+low mileage plus TAX and License and Registration bringing the total to $27.500, offering a potential profit of about $10,000 to the buyer.
The concept is particularly great as it involves an easy process with no geographical barriers, as the buyer can be located anywhere in the world. Interested buyers are required to make a payment to Opensea in Ethereum, a process that can be completed in minutes. The buyer can also make profits by reselling the NFT on Opensea or any other platform, with the funds directly deposited into his electronic wallet, which can be cashed at anytime and anywhere across the globe.
Design by Ian plans to continue to sell more cars, with a Mercedes Benz c300 2018 to be listed as an NFT in coming weeks.
For more information about the 2019 Jeep Cherokee Latitude FWD, please visit - https://bit.ly/2RyaRWt.
Contact Info:
Name: Ian Cherkovsky
Email: Send Email
Organization: Design by Ian
Phone: 805 300 9136
Website: https://bit.ly/2RyaRWt
Source URL: https://marketersmedia.com/design-by-ian-becomes-the-first-nft-car-dealer-in-history/89005777
Source: MarketersMedia
Release ID: 89005777
