MG Motor has announced the launch of its foray into NFTs. The company will commence the sale of 1111 units …Read More…

MG Motor has announced the launch of its foray into NFTs.
The company will commence the sale of 1111 units of digital creatives in total.

First Car Maker MG Motor has announced the launch of its foray into the non-fungible token (NFT).

Moreover, the company revealed that it will commence the sale of a total of 1111 units of digital creatives — its art which includes GIFs and static images will be up for auction and it will start selling the NFT collection from December 28, 2021.

MG Motor India Chief Commercial Officer Gaurav Gupta said,

With this new initiative, we are taking a step towards socializing with the NFT teams. Set to bring MG owners, fans, members of MGCC and the broader community together to celebrate and own the priceless digital designs in its many forms.

Moreover, the MG’s NFTs will be divided into four divisions. This includes Collectibles, Community & Diversity, Collaborative Art, and CaaP (Car-as a-Platform). More so, the MG also claims that its NFTs will be the future of collaborative technology future. Gupta added about the proceeds from the first auction to support gi …

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