• Audi Announces xNFT Protocol NFT Release

  • Audi has announced that it will collaborate with xNFT to create limited-edition non-fungible tokens (NFTs). The news was reported by Chinese media outlets.

    Audi has entered the NFT market and is set to release an NFT collection on August 10 with the help of xNFT. On August 8, the latter announced that it would produce Audi NFTs using the xNFT protocol.

    https://s32659.pcdn.co/wp-content/uploads/2021/08/audi.mp4 Audi teasing the NFT: As part of the release, Audi teased a 15-second video with text in Mandarin on its official Weibo account. The news also made its way around the Chinese social media platform Weibo, much to the delight of the crypto community. Audi will release the limited-edition NFT alongside FAW-Volkswagen, Robb Report, and xNFT.

    xNFT bills itself as the largest NFT protocol and a platform for the non-fungible token system. Dark Horse, Digicenter, Larva, and the EU-China Science and Technology Committee have all formed strategic alliances with the company. Huobi Labs, Fundamental Ventures, and Continue Capital, among others, have also invested in the company.

    The automobile industry could be the next popular NFT niche, following in the footsteps of the art and sports worlds. Automobiles, as both general interest and a sporting industry, are perfectly positioned for NFT adoption. Mattel has also revealed an NFT collection for its Hot Wheels line.

    NFTs continue to attract big names.

    NFTs are a phenomenon that is here to stay, with numerous endorsements from celebrities, artists, and businesses. As everyone tries to get a piece of the pie, technology has made its way into the worlds of art, sport, gaming, and celebrity culture.

    NFTs are among the most approachable blockchain-based technologies because the concept of holding a unique asset is simple to grasp. It is valuable in the same way that rare collectibles are, and the retail market has devoured it.

    The widespread acceptance of NFTs has reached the point where they can now be purchased directly through Shopify. This has the potential to attract a massive number of buyers as one of the most popular online shopping solutions.

    Tether’s co-founder believes that “all consumer brands will have NFTs.” Even Shark Tank’s Kevin O’Leary, who is skeptical of bitcoin, believes that NFTs will play a significant role. Given the amount of money coming in, that appears to be a foregone conclusion.

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