Luxury just a click away. We see it every day, the technology of the blockchain not only enables the exchange of cryptos but it is increasingly being used to host other financial assets. The famous tokenization of the real world is underway, and the latest example is the use of NFT to secure a transaction. Thanks to a new type of platform, buyers and sellers can now both enjoy the comfort of this new development, which eliminates the risks of counterfeiting, embezzlement or, more simply, scams. Of course luxury products are particularly exposed to this type of problem, hence the interest of this new interface between wealthy amateurs and collectors, which simplifies exchanges. Want to buy yourself a Ferrari Want to buy a second-hand Ferrari with your favorite crypto wallet? We’ll show you how.
The transaction we’re going to talk about today takes place on the Altr Trade which offers a new way of selling items on the Internet. The principle is quite simple, and takes place in three stages: choose an article, pay in USDT and receive an NFT in exchange. Then simply collect the item in question or leave it safely stored with one of our partners. Altr. From a technical point of view, all this is possible thanks to the Polygona second layer of Ethereum, which will be used to support NFT in question. As for the platform itself, it is managed by a DAO named Lucidao.
Altr has entered the luxury goods particularly watches and vehicles. A Rollex Daytona for example, has already sold for $195,000. But what interests us today is the sale of a Ferrari F40 from 1990 for 2.5 million dollars which sold out in just 48 hours! Bear market ? Economic crisis? Clearly, the current situation doesn’t affect everyone, and luxury still has a bright future ahead of it.
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Altr or the Good Coin of luxury in NFT
The car in question was offered by the Italian high-end car specialist Car & Car. It was he who brought this legendary Ferrari F40 the first vehicle sold on the Altr. And for a first attempt, it was a masterstroke, as the superlatives pile up around this little marvel. Extremely rare and in exceptional condition, this F40 one of the brand’s iconic models designed by Pininfarina and validated by Enzo Ferrari himself ! Built in just 1311 units, it is one of the most popular cars in the world. rare and the most sought-after on the luxury second-hand market. Hence its price, also legendary.
And it only took 48 hours for it to sell. A DAO executive, Davide Rovelliwas delighted by this success and offers a tentative explanation:
« The speed with which the car has sold is testament to the confidence the community has in Altr and the technology on which it is built. I am convinced that there is a significant market for collectors to purchase physical assets using blockchain technologies that enable a secure and transparent solution for acquiring, owning, exchanging and storing high-value assets. »
For the sake of completeness, you should know that the platform is increasingly pondering a system from splitting of its luxury goods, allowing anyone to own part of a luxury watch or car. This principle lies at the heart of tokenization of many financial sectors, offering all exchanges the opportunity to gain exposure to assets that were previously out of reach. And Polygon is one of the networks most active in this niche.
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