Crypto fans are paying more for NFT cars than real ones

Say you had millions of dollars to spend. If you’re an automotive enthusiast, perhaps you’d buy the latest Ferrari or a 1956 Aston Martin. But would you spend an exorbitant amount for a car you can’t physically drive?

It may sound illogical, but research by Vanarama shows people are digging deep into their pockets to buy car-related NFTs. This means that they own the cars’ digital rendering (although anyone can view and download it), but they’ll never get to lay a single hand on the vehicle.

In fact, as per the study, buyers are willing to pay even more for the NFT version than the actual car.

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Let’s take a look at four ridiculous examples:

1. A Nissan GT-R

In September, a 3D rendering of the Nissan GT-R sports car was auctioned for more than $2.3 million — 10 times the cost of the actual car’s $200,000 price tag.

Nissan GTR NFT