Dubai Unveils World’s First Supercar NFT Series

Project Black NFTs holders can own and drive a Mercedes-AMG GT Black Series for one month every year.

Dubai-based supercar startup MContent sells its NFTs called Project Black in minutes. The collection features the first NFT for international distributed supercar ownership in collaboration with NFT Artist Idriss B.

Project Black NFT Collection Was Launched

The debut of the NFT collection happened last Friday, April 22, with Super Car Blondie and Arab GT hosting the launch of the event. MContent sold the Mercedes-AMG GT Black Series ownership to 12 NFT purchasers.

Holders will get both digital and physical NFT artwork designed by Idriss B, an artist whose celebrity clientele includes Akon, Lindsey Lohan, and Snoop Dogg. Most importantly, they’ll own and drive a Mercedes-AMG GT Black Series for a month every year. With a handmade engine and over 700 horsepower, the model is sough-after by car enthusiasts.

In a few years, MContent will resell the automobile and redistribute the value to its NFT holders. Furthermore, MContent said it will donate a specific amount of the NFT sales earnings to the Rashid Center for People of Determination.

According to Umair Masoom, MContent founder & CEO: “The Web3 is designed to bring scalable and creative solutions to solve the supply, demand, affordability, and funding gaps that exist across different industries around the world. Our breakthrough NFT format called Project Black is a starting point for selling product experiences to more consumers than the available inventory. ”

Well-known Car Companies Dive into NFTs

Big automobile companies around the world are here to stay in the NFT world. Luxury automaker Lamborghini announced a 1:1 NFT auction of  the last Aventador Coupé model. Additionally, Ferrari announced a multi-year agreement with Velas Network to develop NFTs. Finally, McLaren launched the NFT supercar with the help of Infinite World.