Azuki Investor Determined To Own NFT Skateboard

Azuki community members have spent more than $2.4 million to own skateboard NFTs that can be exchanged for real-life items.
Azuki Investor Determined To Own NFT Skateboard

Earlier this week, the Azuki NFT project announced the launch of a new product called the Physical Backed Token (PCT), which is a token that represents real-life items.

PCTs are ERC-721 tokens on Ethereum that will represent a real item. If the actual item is sold or donated to a new owner, the next owner can use the scan-to-own feature of the same item, allowing the transfer of PBT from the previous owner to the new owner.

Not stopping there, Azuki also creates a personal profile page for NFT owners, with the interface changing accordingly every time a user adds an NFT in Azuki’s ecosystem to his or her wallet.

Azuki Investor Determined To Own NFT Skateboard

To demonstrate the feasibility of this new idea, Azuki has announced the opening of the Golden Skateboard collection, consisting of nine 24K gold-plated skateboards weighing up to 20.4 kg. These boards, besides expensive materials, have extremely sophisticated designs with dragon logos. In addition, each game is also installed with a BEAN chip to apply the PBT mechanism.

Eight of the nine skateboards were up for auction on October 23. Azuki investors spent more than 1,901 ETH to own the above boards, with a cash value of more than $2.4 million. These can be considered the most expensive skateboards ever sold in history.

Skateboard NFT owners can redeem the NFT for an actual skateboard starting in November or resell ownership to someone else.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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