Audi NFT ready to release on xNFT protocol

Chinese media reports that Audi plans to release limited edition NFTs in conjunction with xNFT.

Audi is preparing to release limited edition NFTs in collaboration with xNFT. The German automaker recently announcement it could start hitting non-fungible tokens on the xNFT platform from August 10th. On the NFT version, Audi will also collaborate with FAW-Volkswagen and Robb Report.

As part of the promotional structure for the release, the automaker released a 15-second video in Mandarin. In addition to this, the Chinese microblogging site Sina Weibo reported the news, which caused great joy in the crypto industry. With the release of this highly anticipated NFT, Audi now seems ready to join the ranks of other entities in the art and sport world that have ventured into NFTs. In fact, the automaker could become the next popular NFT area of ​​interest. Indeed, cars are considered to be in the first position for adoption of NFT, both as a core interest and as a sports industry. Even toy maker Mattel recently announced an NFT line for its Hot Wheels series.

xNFT is a self-proclaimed “most important and most important NFT protocol”. It is an aggregation platform for the non-fungible token system and has formed strategic partnerships with several other digital and data platforms. These include Digicenter, Darkish Horse, Larva and the EU-China Scientific and Expertise Committee. In addition, xNFT has also received investments from Huobi Labs, Fundamental Ventures and Continue Capital, to name a few.

How the Audi NFT adapts to mainstream NFT acceptance

The NFT sector quickly becomes a big problem and maybe for a long time. It has amassed a growing number of cult followers and is now seeing major endorsements from celebrities, artists, and businesses. NFT technology is now available in the worlds of art, sports, games and celebrity lore. Right now, everyone seems interested in some of the action.

Recently, world pop star Katy Perry announcement plans to launch NFTs for fans through the blockchain-based video streaming platform Theta Labs. She will be releasing digital collectibles from her next performance starting December 21. Other celebrities to jump on the NFT train include Jay-Z, Lindsay Lohan, Mark Cuban, Rob Gronkowski and Jarule.

The National Basketball Association also recently announcement plans to start selling game “moments” to fans at kiosks located around arenas. These digital collectibles will be uploaded to fan accounts shortly after purchase and can then be redeemed for other collectibles. The league said it is partnering with Dapper Labs to bring the initiative to fruition.

The NFT industry is slowly becoming one of the most prevalent uses of blockchain technology. This is because it is quite simple to understand the basic idea of ​​owning a single asset. It’s as valuable as rare collectibles, and the retail market is all for it. Such is the popularity of NFTs that even Shopify now allows merchants to sell the tokens directly on its platform. As one of the most popular shopping solutions available, this move could potentially attract a large number of consumers.

William Quigley, co-founder of Tether, believes all major brands will use NFTs over the next decade. Even Kevin O’Leary, a Shark Tank investor who has been wary of Bitcoin, says NFTs will play a key role in the future.

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Tolu is a Lagos-based cryptocurrency and blockchain enthusiast. He likes to demystify crypto stories down to the essentials so that anyone, anywhere, can understand without much background knowledge. When he’s not in the thick of crypto stories, Tolu enjoys music, loves to sing, and is a movie buff.

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