Mercedes AMG NFT and Rental Rewards — A New Way To Monetize Your NFTs from CurioDAO
Liechtenstein, November 8, 2021 — A tokenized Mercedes, Ferrari or Panerai watch? Car rental rewards for holding an NFT? It’s all possible with Rollapp.
Rollapp is CurioDAO’s decentralised marketplace allowing users to mint non-fungible tokens (NFTs) representing physical assets. Rollapp was launched on the Ethereum blockchain in July, from the Eiffel Tower at ETH Paris 2021. CurioDAO is now announcing the start of Mercedes AMG NFT staking.
What is an NFT?
NFT stands for a non-fungible token, a fancy way of saying that it’s a cryptographically unique token that cannot be duplicated. Most of the NFTs you’ve probably heard about are simple digital art NFTs. In 2018, Curio minted a digital art collection, Curio Founders’ Edition NFTs. Owning NFTs from this collection gives users bonuses such as early access and discounts for upcoming physical assets, as well as access to exclusive supercars events.
Real-World Asset NFTs — Bridging the Virtual Economy and the Physical World
NFTs can be so much more than just digital art. Non-fungible tokens (NFT) allow the tokenisation of assets online through a certificate of ownership. For many industries, such as collectibles, NFTs can potentially eliminate the common risks of reproduction, lack of transparency and illiquidity, and enable buyers and sellers to securely buy, sell and invest in real assets in the “phygital” world.
In the case of Rollapp, its tokenized assets are being sold in the form of NFTs. You can now buy collectible shoes with crypto and hold an NFT as an investment, trade it by reselling it on another marketplace, or simply redeem it and have the underlying physical asset delivered to your address.
How can NFTs be used to earn additional rewards?
What if you wanted to make additional revenue by renting out your car? You would probably pass all rental responsibilities to a company, while receiving a percentage of rental income. Suppose you don’t have the capital to purchase the car, but the idea appeals to you. How about purchasing NFTs that represent the car? In that case, you do not need to have the total amount to buy a vehicle, as you can always invest a small sum in NFTs (not financial advice!). RollApp’s solution involves tokenizing a car and issuing shares in the form of NFTs, where each holder of an NFT receives rewards from rental income based on the number of shares they hold.
Mercedes NFT Staking Launch
The Mercedes AMG, a luxury car presented as an ERC-1155 token on the Ethereum blockchain, has been successfully tokenized and sold on rollapp.store. Starting November 8, all NFT holders can stake their NFTs and receive staking rewards. This tokenized asset was introduced as the world’s first DAO Car, an exclusive rental car presented by CurioDAO. The Mercedes AMG GTS, now owned by the CurioDAO community, will be rented out at the beginning of 2022. Anyone will be able to rent and drive it by paying with the Curio Governance Token. The car rental rewards will be paid out to all Mercedes AMG NFT holders. Until that time, NFT holders can stake their NFTs and receive staking rewards.
CurioDAO is a decentralized launchpad that helps promising real-world assets achieve their full potential via tokenization. The DAO leverages all the investment power and community engagement of the new digital economy. CurioDAO is governed by the Curio Governance Token (CGT), and uses Chainlink Oracles to maintain the integrity of price feeds for various tokens on the network. CGT is the heart of the ecosystem. CurioDAO’s decentralized exchange capitaldex.exchange powered by SKALE allows any individual to buy, earn, farm and stake the token. Additionally, it can be used to purchase and sell NFTs on rollapp.store.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any instrument related to Rollapp. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by RollApp, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.
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