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Michael
Michael
Jun 24, 2023
News

Skoda India Launches NFT Platform on NEAR Protocol

Skoda Auto promises to ensure a high-quality and engaging experience for collectors.
Skoda India Launches NFT Platform on NEAR Protocol

The Indian branch of Skoda Auto, a Czech automobile manufacturer has unveiled a non-fungible token platform dedicated to forming long-term relationships with its customers. Skoda India’s marketplace will be built on the NEAR protocol. It is a carbon-neutral Layer 1 blockchain that permits the decentralized trading of digital assets. 

The NFT platform will have a friendly user interface where traders and collectors can transact with crypto and various fiat currencies such as the Indian Rupee, US dollar, and the Euro. Skoda India exclusive content would be the first set of content on the marketplace. At the moment, the content and prices of these collectibles are not known. The company has earlier launched a phygital hoodie NFT collection wearable IRL in her metaverse. Skoda India aims to connect the worlds of digital collectibles and automobiles. 

Skoda Auto NFT Marketplace and Skodaverse

Speaking on the latest developments Arpit Sharma, NEAR’s Managing Director in India, Southeast Asia, and the Middle East stated: “This aligns perfectly with our shared commitment to driving innovation while being mindful of the planet. Together, we are at the forefront of shaping the future of NFT experiences and showcasing the transformative power of blockchain technology in the automotive industry.”

Skoda Auto promises to ensure a high-quality and engaging experience for collectors, permitting users to unlock experiences through their NFTs and create a deeper bond with the brand. Once the platform has been launched, collectors can access it through Skodaverse, the company’s metaverse. 

There has been a rising number of platforms launching their web3 marketplace. Companies like Mattel and Yuga Labs have created an exclusive platform where users can interact with their collectibles. Skoda has partnered with Antier, one of the largest blockchain companies in India. Antier provides enterprise-grade blockchain solutions for enthusiastic traditional companies seeking to explore web3. The blockchain company has assisted companies like Changelly and Unstoppable Domains to access the web3 world. 

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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