Chevy is auctioning off a Corvette NFT, and the winning bidder gets the car, too

As automakers join the non-fungible token space, Chevy has announced plans to auction off a Corvette-themed NFT with a twist- the winner will walk away with the block chain and the sports car that inspired the artwork. 

Nick Sullo, an artist hired by Chevy, has created a lime green Corvette Z06 which will be accompanied but a custom-painted 2023 Corvette Z06 color-matched to the the NFT. It will be the only car painted in that color, as Chevy promises not to apply the “Minted Green” color to any other Z06.

The auction will take place between June 20-24, with all proceeds going to DonorsChoose, an education charity. 

For more Information:

See Andrew J. Hawkins “Chevy is auctioning off a Corvette NFT, and the winning bidder gets the car, too,” The Verge, June 14, 2022.

Special thanks to Suzanne Brown Walsh (Attorney, Hartford, CT) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2022/06/chevy-is-auctioning-off-a-corvette-nft-and-the-winning-bidder-gets-the-car-too.html