Ferrari enters the metaverse

Ferrari, the Maranello-based automaker founded by Enzo Ferrari, says they are ready to enter the metaverse. CEO Benedetto Vigna reports that they are exploring new opportunities, including Blockchain and NFTs, so the media Cryptonomist.ch.

Ferrari and metaverse: department focused on digital services

According to reports, luxury car manufacturer Ferrari appears to have established a new department. This department focuses on digital services in order to explore opportunities that combines VR, gaming and social media. 

This is an exploration of the technologies of the metaverse and web3, which also include Blockchain and Non-Fungible Tokens. 

In this regard, Benedetto Vigna, CEO of Ferrari said that they are working on new technology partnerships.

It's important to look into new technologie that could help our brand", said Benedetto Vigna.

The partnership with Velas as a global player in Blockchain and NFTs

Back at the end of last year, Scuderia Ferrari announced a new partnership with Velas Network AG, a global player in Blockchain and NFTs.

The partnership includes a multi-year agreement. Velas is committed to creating exclusive digital content for fans of the Italian luxury car brand. 

Velas Network AG has developed a blockchain fork of Solana, incorporating the EVM or Ethereum Virtual Machine. It is a zero-issue Delegated Proof of Stake (DPoS) blockchain. Basically, network users vote and elect delegates to validate the next block.

Lamborghini and the Space Time Memory NFT project

While Ferrari works to launch the brand in the metaverse as well, Lamborghini announced just a week ago its NFT project: Space Time Memory (Lamborghini NFT Webpage).

It’s a series of five NFT photographs of a Lamborghini Ultimae taking off to the stars and celebrating human exploration in space. 

Swiss artist Fabian Oefner has joined the project  and his team who created the compositions from real elements, capturing more than 1,500 individual parts of a real car. 

With an initial bid of $100, auctions of the 5 NFTs have closed with staggering figures. The Lamborghini NFT website, in fact, shows figures of $203,636, $126,000, $110,000, $70,000 and $150,000.

However, if you are more into buying real cars with crypto, find out more in our article about buying cars with crypto.

Source: Cryptonomist.ch