Hyundai has determined to revive a non-fungible token (NFT) initiative initially launched in 2021, combining it with real-world choices.
At the moment, the corporate launched the Santa Cruz pickup and launched ten Santa Cruz NFTs, which got away via a sweepstake on X (previously Twitter).
On September 30, Hyundai introduced that Santa Cruz NFT holders may enter for an opportunity to trade their NFT for an actual 2025 Santa Cruz automobile.
Hyundai highlighted this initiative in a video on Instagram and X, stating, “We’re making NFTs relevant again.”
The submit was then up to date on October 8 to say, “The Offer has been claimed. Thank you for your interest in the promotion.”
This transfer might serve to revive the corporate’s NFT efforts whereas additionally selling its automobiles. But, it’s not Hyundai’s first enterprise into Web3.
In 2022, the corporate launched the “Shooting Star” NFT assortment, which consisted of 10,000 Ethereum-based NFTs. These have been later remodeled into “MobED (Mobile Eccentric Droid),” marking Hyundai’s entry into metaverse mobility experiences.
In 2022, Hyundai continued its NFT efforts by launching a brand new assortment tied to the worldwide premiere of the IONIQ 6. The corporate later unveiled an NFT membership membership to supply particular advantages and experiences to NFT holders.
Past NFTs, Hyundai has leveraged blockchain expertise to handle real-world challenges. Final 12 months, Hyundai Motor Firm and Kia Company launched a Provider CO2 Emission Monitoring System (SCEMS) primarily based on Hedera blockchain expertise.
Moreover, Hyundai’s Innovation Middle in Singapore has integrated robotics, synthetic intelligence, and the metaverse to reinforce electrical automobile manufacturing and enhance buyer interactions.
