Selling a $10 million yacht for cryptoassets

Virtual Assets payments continue to gain traction in the world of luxury goods. A 170-foot yacht is the latest example.

The owners of Italian-built Vianne said in a statement Monday that prospective buyers will be able to buy the vessel with crypto. SOL, FTM, BNB or “top tier” non-fungible tokens (NFT) from the CryptoPunk or Bored Ape Yacht Club collections are also acceptable. They require 10% fiat deposit only.

The owners listed Vianne for $10 million and can chartered it this winter for $196,000 per week in the Caribbean. She features a sky-deck jacuzzi and can accommodate 12 guests. If you are interested in buying a yacht for your self, read our article here.

Cryptocurrency payments are increasing in the yachting industry. As a result, Vianne can become the largest-ever yacht to be purchased with NFTs.

Morgan Stanley estimated in a recent note to clients an approximate profit from the metaverse. The metaverse gaming and NFTs could represent a revenue opportunity of 50 billion euros for the luxury market by 2030.

Back on the high seas, the owners of Vianne say crypto is already a reality.

“In the last 12 months, especially, we have leaned towards transacting using crypto, where relevant and possible”.  The owner’s family office told this to CoinDesk via email. “We are in the process of procuring a larger yacht for the owner, and if/when we do transact, we would definitely be paying in crypto (stablecoins, [altcoins], etc.) if it is an option.”

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Read more about how to buy yachts with cryptocurrency.

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Source: CoinDesk