Chevrolet NFT, Had 0 Offers!

American automaker Chevrolet has launched its NFT, which it promised would come with a free 2023 Corvette Z06. However, the first NFT event did not attract as much interest as expected. Called Own the Color, the NFT features the lime green Corvette Z06. It was also created by digital artist Nick Sullo using xsullo online.

The auction started on June 20th via the NFT marketplace SuperRare. According to the auction description page, the opening bid was set at 206 Ethereum (ETH) (235,550 USD). The winning bidder would also win a unique Minted Green Corvette Z06, the only car painted in this color. He would also receive a reference code that would allow him to keep the car forever through the NFT auction. As intriguing as it sounded, the auction stunned everyone with zero bids during its first period from June 20 to June 24. SuperRare then issued a statement saying that "due to the craziness of the NFT.NYC event," some users "missed the Corvette Z06 NFT auction window." It then announced that it would extend the auction for another 24 hours. To everyone's surprise, the event took an even stranger turn, closing again after 24 hours with zero bids. Notably, the promised Corvette Z06 that came with the NFT is not currently available. According to the terms of the NFT Auction, the car was planned to be created after the auction. It is also stated to be delivered by September 2022, subject to change. The lack of interest in the NFT is largely attributed to general poor market conditions. According to CoinGecko, the automaker was only accepting bids on Ethereum, which is currently down about 77 percent compared to its all-time high. Ethereum traded unchanged for an extended day and week at around $1,200. The automaker, Corvette, recently commented that their first foray into NFTs was educational. It also said that they will continue to explore ways to leverage technology to benefit customers. According to Corvette, the Own the Color project allowed them to build relationships and learn from industry leaders such as xsullo, SuperRare and The Crypt Gallery on how to authentically approach the passionate NFT community. He stated that they will use what they have learned in the future. He concluded his comments by stating that as a company, they want to develop more in this area and will work towards that.   Source: nfxhaber.com