Why Metaverse?

What is the Metaverse?

The Metaverse is, in essence, a growing digital environment that leverages VR, AR, and blockchain technologies to create an accessible, virtual ecosystem to interface with. In many ways, it is the digital twin of our own reality – there are digital spaces to socialize in, spaces to conduct commerce and business, and personal spaces where people can display their digital property to others. Every year, the Metaverse continues to grow tremendously – today, we see countless major companies invest their resources into ‘future proofing’ their products to function in and accommodate the Metaverse. With digital items like NFTs and cryptocurrencies, users will be able to display their digital pieces for the world to interact with. If you have always wanted a world-class garage or art gallery to display your masterpieces in but don’t have the means for a brick and mortar location, the Metaverse will be the next best (and, in some cases, the best) option!

What is an NFT?

At a high level, an NFT is a digital file – an image, video, document, or any other form of digital media – uploaded to and secured on the blockchain. Unlike other digital files, however, NFTs are blockchain protected and can be quantifiably owned by an individual. Think of it like a digital certification or a bill of sale that proves your ownership of the file. While many exist simply as a monetary token or as a collector’s item, many have alternate uses, including video game cosmetics or event tickets.

Why should I digitize my cars and sell them as NFTs?

Let’s face it – the vast majority of people out there will, sadly, not get the chance to drive your badass, home-modified hotrod, let alone own it. However, the metaverse offers people the opportunity to own a virtual version of a car they love without physically accessing it. With our industry leading scanning and modeling technology, we can perfectly recreate your chrome-clad contraptions and upload it to a virtual space. Buyers can closely inspect the intricacies of the vehicle and, when applicable, even use the car in 3rd party digital environments. There is a tremendous demand for NFTs and cryptocurrencies nowadays, with some even selling for close to 100 million USD. We want to help you monetize your vehicles without needing to drag them to events or showrooms.

What else can be done with digital cars?

While NFTs are an appealing route to take, they are certainly not the only content that can be produced with a digital car. These 3D models can be used in digital showrooms, XR video experiences, video games, and even more. Imagine being able to explore a world-class car museum without leaving your home, or seeing the story of your historical vehicle told in the third dimension. Digitizing your vehicle can also help with real-life pursuits, including things like solidifying insurance plans.

Interested? So is the world.

Based on a 2021 study, 29% of adults are interested in getting into NFTs, a number that grows every single day.

A growing market

Over the course of 2021, the sales volume of NFT transactions over all blockchains increased tenfold – literally. Don’t be surprised if these numbers are dwarfed in the upcoming years.