Creating a luxury NFT is about much more than only creating buzz. Just as in the physical world, it involves vision, craftsmanship, artistry and timing. Sponsored content by EthMlh:
NFTs are a large market: By August of last year, daily sales approached $1.8 billion. It has settled down since then, but it’s no longer unusual for half a billion dollars’ worth of NFTs to trade on a given day. These range from easy-to-mint consumer NFTs such as basketball cards and in-game skins to high-end auctions such as Beeple’s “Everydays: The First 5000 Days” or Pak’s “Merge.”
Creating a luxury NFT is about much more than only creating buzz. Just as in the physical world, it involves vision, craftsmanship, artistry and timing. A recent NFT project created in Malta called “” perfectly exemplifies the level of detail needed to create a luxury NFT. Much more than a digital image, it’s also a physical memento of a real-world experience.
And, unlike many other NFTs, it also incorporates uncontestable legal rights to the physical asset for the owner of the NFT, regardless of the citizenship or current domicile of the holder.At the core of “ETH in Mellieha” is a prestige license plate issued by Transport Malta. It simply reads “ETH.
Upon completion, the painting was photographed and digitized by the renowned Maltese photographer Matthew Mirabelli and minted as an NFT. A bonfire ceremony was held, where the original painting, its sketches and the flash storage of the JPEG file were burnt and destroyed permanently. Bonello herself placed the painting into the fire. The NFT is now the sole version of the artwork.The project has created a new user experience for purchasing a digital asset.
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