- CurrencyWorks (CWRK) is partnering with Barrett-Jackson for the launch of Motoclub.io, the first NFT and digital collectibles marketplace for car enthusiasts
- The four cars featured in this NFT auction are each the first of their kind and will be available for online bidding at the 2021 Barrett-Jackson Las Vegas Auction
- The company believes that marketplaces like this one are “the future of collectibles”
- CurrencyWorks Inc. is a publicly traded company that builds and operates fintech platforms for digital currencies, digital assets, and security tokens
- CurrencyWorks Inc. (CWRK) is up 2.36 per cent, trading at $1.30 per share
CurrencyWorks Inc. (CWRK) has launched Motoclub.io, the first digital collectibles marketplace for car enthusiasts who buy and sell automotive memorabilia.
The initial launch of the site will feature four vehicles that sold on the auction block at the 2021 Barrett-Jackson Scottsdale Auction in March.
The cars featured in this NFT auction are each the first of their kind and will be available for online bidding at the 2021 Barrett-Jackson Las Vegas Auction.
“Barrett-Jackson has blazed the trail in the collector car world for decades, and the roll-out of the first NFTs in our industry is another great example of our team introducing new and exciting ways to engage the hobby,” said Craig Jackson, chairman and CEO of Barrett-Jackson.
The four special vehicles chosen for this historic NFT auction include:
- Lot #4001, a 2021 Ford Mustang Mach 1;
- Lot #4002, a 2021 Ram 1500 TRX Launch Edition;
- Lot #4003, a 2021 Ford Bronco 2-Door; and
- Lot #4004, a 2022 GMC HUMMER EV Edition 1.
“The value of a physical car and an NFT are quickly becoming at par with one another,” said Cameron Chell, chairman of CurrencyWorks. “The advantage of an NFT in this space is that you can have a piece of the pie and it can come in many forms.”
“This is the future of collectibles,” he added, “in an industry that has not been available to many in the past. Barrett-Jackson is a leader in fine car collectibles and partnering with them on motoclub.io is going to be amazingly disruptive for the future in this space.”
CurrencyWorks Inc. is a publicly-traded company that builds and operates fintech platforms for digital currencies, digital assets, and security tokens.
CurrencyWorks Inc. (CWRK) is up 2.36 per cent, trading at $1.30 per share as of 11:01 am ET.
