The digital asset platform partnered with real yacht builders and launched their very first, and, probably, the most expensive virtual collectible yet.
With dozens of NFT collections getting launched every minute, collectors are getting more interested in assets with real-life value. Back in January, Gucci and Superplastic launched an NFT collection called SuperGucci, with owners receiving both the digital and physical representation of the NFT.
However, Cyber Yachts took it a step further and decided to offer collectors a metaverse yacht that costs almost half a billion dollars, which would sound like a quite risky investment, if they wouldn’t offer the owner an actual yacht!
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is an Automated Market Maker in Crypto? (Animated)
Based on the official report, the NFT platform Cyber Yachts has announced its first mega-yacht called "Indah", which comes in both digital and virtual forms. Collectors who are interested in the physical item-backed NFT can obtain the yacht for $400M, with options to pay in Bitcoin (BTC), Ethereum (ETH), or Bitcoin Latinum (LTNM).
The physical yacht is said to look exactly like its NFT, with 12 cabins, a landing pad for helicopters, a casino room, and other commodities. It was designed by Lukasz Opalinski who is a yacht designer for companies like Benetti and Oceanco.
The whole idea of Cyber Yachts was done in collaboration with rap artist Quavo, who is part of the world-renowned group Migos. While unconfirmed, it also could be related to the Bored Ape Yacht Club NFT collection, which gained a lot of media and celebrity attention over the past several months.