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The world’s first NFT superyacht is sold for USD 12 million

After paintings, houses and jewellery, the latest item to be sold as an NFT (non-fungible token) is a yacht. The world’s first NFT superyacht was sold on the Ethereum blockchain recently. The 110-foot yacht, designed by Gregory C Marshall, will also be provided to the NFT owner in the physical form.

Here’s what all we know about the NFT yacht

yacht NFT
Image: Courtesy cloudyachts.io

Gregory C Marshall partnered with the company Cloud Yachts and came up with the idea of combining the two worlds – NFTs and yachts, in order to make custom-superyachts for people.

Giving a little more detail about the project on the official website, Cloud Yachts said, “Award-winning naval architect Gregory Marshall is pioneering the world’s first NFT superyacht new build project. The client will customise their superyacht in the metaverse using the first-of-its-kind augmented reality technology.”

The custom-designed superyacht NFT will cost USD 95 million and will be built by the company Delta Marine in Seattle.

 

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A post shared by CloudYachts.ETH (@cloudyachts)

Marshall’s previously designed NFT yacht, which was minted using OpenSea, was a 110-footer. This yacht will be built, over a span of 36 months, by the company Tactical Custom Boats in Canada. The process will cost about USD 12 million.

Once this yacht is complete, both Tactical Custom Boats and Cloud Yachts will mint another NFT that will feature all the metadata from the building process of the superyacht, which will simplify everything for the owner.

Future plans

yacht NFT
Image: Courtesy Gregory Marshall/ cloudyachts.io

Marshall, who showcased the NFT at previously held boat shows, is still amazed by the response he received. At the upcoming Palm Beach International Boat Show, he will be showcasing his hull number two NFT.

Perks for the owners of Cloud Yachts NFTs

The NFT owners will get VIP access to exclusive events such as superyacht shows and parties among other things. They will also receive various other world-class benefits across different sectors as the company has partnered with multiple brands.

Hero and Feature Image: Courtesy opensea.io

The world’s first NFT superyacht is sold for USD 12 million

Nishtha Grover

Senior Editor, Growth

A travel fanatic who loves exploring new dishes and cultures only to later write about them. Nishtha has previously worked with The Hindustan Times and India Today as a Lifestyle Journalist. You will either find her reading, trying new skincare products or sleeping during her spare time.

 

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