Skoda’s Indian Affiliate Launches NFT Platform Targeting Millennials

Skoda India NFT

In line with its global Web 3.0 aim, Skoda’s Indian affiliate has launched Skodaverse India, a platform allowing users to purchase and sell Non-Fungible Tokens (NFTs) to increase engagement with today’s millennials and forge a dedicated customer base.

Sustainable Vision

Furthermore, Skodaverse is collaborating with Near Protocol. Named “Skodaverse India,” the platform is expected to have NFTs that are both scalable and sustainable, as well as gas costs that are low. Moreover, the NFTs will be interoperable with multiple platforms.

The firm stated:
“Škodaverse India will also unlock bespoke utilities and experiences for NFT holders which will be revealed along with the first drop details. All NFTs will be minted on carbon-neutral blockchains, aligning with our sustainable vision.”

Exclusive Rights and Rewards

Skoda has stated that their first NFT lineup will be available “soon,” but no specific release date or price has been provided. Users will be able to mint NFTs by depositing monies in their wallets after its introduction.

Developers have said that NFT holders will have access to unique digital assets representing Skoda’s artwork or collectibles, as well as the prospect of “value appreciation” and reselling in the future, as well as exclusive rights, rewards, and unique experiences.

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It is possible to use either fiat cash or cryptocurrency for purchases. The NFT platform is the first entry into Web3 for the automobile giant according to developers. Skoda has gone a long way since it was first established in 1925 in what was then Czechoslovakia. It is one of the most prominent names in the automobile industry.

Pooja Bhargav