NFT Virtual Car Drop

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This week we explore the Gen1 Neon Roadster Drop over at CryptoMotors

Gen1 Neon Roadster Drop

by CryptoMotors

Available from 29th July

About the creator

CryptoMotors is a digital automaker powered by Ethereum. The produce a variety of vehicles oriented toward competitions — races.

They put a heavy emphasis on community engagement and involvement, and user-generated designs can be turned into real (digital) cars.

They’ve been around since early 2018, which makes them quite old in the NFT space. They also have 16 members of staff (according to their site), which is a decent number for this area.

About the drop

The drop takes place over three days in three batches.#1 Batch: July 29th at 11.30 AM EST / 5.30 PM CET / 11.30 PM HKTAvailable Units: 25#2 Batch: July 30th at 11.30 AM EST / 5.30 PM CET / 11.30 PM HKTAvailable Units: 48#3 Batch: July 31st at 11.30 AM EST / 5.30 PM CET / 11.30 PM HKTAvailable Units: 77**

They will appear on OpenSea and can be purchased as soon as you see them.

Each vehicle’s colour and statistics (speed, acceleration, handling, etc) will be randomly assigned, but it’ll fall within a certain range. Obviously the cars with higher stats will be worth more on the secondary market — and are more likely to win competitions.

For each batch, one lucky winner will receive a special pink roadster called a Neon Roadster Pink Beast (true). This car will feature super-high stats.

The cars themselves can only be raced in CryptoMotors, but the plan is to introduce them to other metaverses like Decentraland, SandBox, etc.

Price

Just like their previous drop in March, each car will sell for 1.1ETH.

The current floor price from that drop is 0.94ETH, and there are some recent sales for up to 5ETH.

How to buy them

Each batch has a certain number of cars available in each of three digital currencies, ETH, REVV, and WHALE. Most of them are priced in REVV.

To buy REVV, you need a Metamask account, then simply transfer some ETH into REVV.

Verdict

Insiders Only

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Author

Stefan Von Imhof

Stefan Von Imhof

Stefan lives and breathes asset analysis and valuations. Before founding Alts, he was the Head of Product at Flippa, he created and ran Flippa's Due Diligence Program, and has bought & sold dozens of websites & newsletters. Prior to Flippa he was the first product manager at HG Insights, a market intelligence company which sold to Riverwood Capital Partners. Originally from Boston and later Santa Barbara, CA, he now lives in Australia with his wife & Boston Terrier, Charlie.

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