Blockchain
Nissan Canada Auctions Off a 1 of 1 GT-R NFT with a $280K Reserve
Nissan Canada unveiled today it is auctioning off a 1 of 1 non-fungible token (NFT), a digital asset hosted on the blockchain, inspired by the brand’s GT-R sports car. Canadian artist Alex McLeod was commissioned by Nissan to design a unique work of digital art featuring the iconic vehicle. The NFT will be auctioned off with a reserve price of $280,000 CAD and will come with a bonus—the keys to an accompanying 2021 GT-R NISMO Special Edition in an exclusive Stealth Grey exterior color. Collectors and car enthusiasts will have to bid on the NFT to get behind the wheel of this extremely limited vehicle. All profits received by Nissan Canada above the $280,000 reserve will be donated to charity following the auction.
“The Nissan GT-R is arguably one of our most iconic vehicles and has been a mainstay in the sports car market since its 2009 Model Year debut,” said Ken Hearn, Director of Marketing for Nissan Canada Inc. “Recognizing NFT followers and car enthusiasts share the same passion for inspired design and a bold approach, Nissan wanted to create an NFT that would celebrate the GT-R’s legacy and mark the launch of its most exclusive edition to date – the 2021 GT-R NISMO Special Edition. It’s been great working with a talented, innovative artist like Alex to bring Nissan Canada’s first-ever NFT to market, and we’re thrilled to reveal the final piece of art today.”
Nissan selected local artist McLeod to create the NFT due to his out-of-the-box approach and creative use of 3D rendered environments. Known for his focus on simulation and the transition of matter, McLeod’s digital work has been featured worldwide. The NFT showcases the GT-R in three familiar yet supernatural environments to highlight the boldness of the vehicle and its various features. When designing the NFT, McLeod leveraged digital technology to experiment with different worlds, colors and reflections.
“When designing the NFT, I wanted to create a piece that has a sense of familiarity, but which is also totally imagined and exciting,” said Alex McLeod, visual artist. “The GT-R NISMO Special Edition is unlike any car I’ve seen before, as it looks like it comes from another world. I wanted to explore that idea and show people what it could look like, by bridging realities between our physical and imagined worlds. I really thought about how the GT-R NISMO Special Edition not only transports us physically, but emotionally and psychologically, and aimed to capture this feeling through my work.”
The artwork will be hosted on RubiX Network (RubiX), a premium NFT marketplace, starting September 23 in a pre-auction format. The live auction will follow on October 5 at 12:01 a.m. ET until October 7 at 11:59 p.m. ET. The NFT is backed by RubiX’s proprietary patented technology and is built on the most secure and sustainable blockchain in the market today. It utilizes RubiX’s Proof of Harvest (PoH) Consensus Mechanism, which unlike traditional blockchains, uses several innovative principles to reduce carbon emissions, including using already computer-produced energy that would otherwise go to waste.
“We’re honoured to work with Nissan Canada to bring this NFT and its real-life counterpart – the 2021 Nissan GT-R NISMO Special Edition – to the North American market,” said Nithin Palavalli, CEO of Rubix. “As NFTs continue to grow in popularity and attract attention from around the world, everyone from car enthusiasts to tech-savvy influencers are getting involved in this emerging industry. It seems like a natural fit to create an NFT that leverages this iconic vehicle for inspiration, and we’re excited to play a role in helping Nissan Canada launch its first NFT.”
The highest bidder will receive the digital rights to the NFT and the keys to the 2021 GT-R NISMO Special Edition once the car arrives in Canada later this fall. The auction is open internationally, and the winning bidder must be available to pick-up the physical 2021 GT-R NISMO Special Edition at a Canadian dealership upon its arrival.
For more information, please visit rubixmarket.com/GTR-NFT.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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