With extensive knowledge and expertise in the field, MetaWin and law firm BCLP have achieved a groundbreaking feat by tokenizing a Tesla Cybertruck. This innovative approach involves converting the vehicle into a digital asset, which is then secured by a legally binding contract and transformed into a Non-Fungible Token (NFT). This NFT, representing complete ownership rights to The Cybertruck, has been recently launched on the Ethereum Base Layer 2 blockchain, operated by the renowned cryptocurrency giant Coinbase.
This contest is groundbreaking, the first of its kind to tokenize a vehicle asset. Participants have the chance to win a Cybertruck through a transparent, on-chain process. Participation in the competition is completely free and conveniently accessible through a Web3 wallet. The Base Layer 2 blockchain offers significantly lower gas prices than Ethereum’s Mainnet.
Rebecca Hanwell, Operations Manager at MetaWin, highlighted, “By leveraging the Ethereum Base Layer 2 blockchain, we not only minimize transaction costs but also ensure complete transparency and immediate transfer of ownership for every aspect of this contest – from entry registration to prize allocation.”
Users can expand their entries by acquiring MetaWin NFTs directly from the website. Every purchase comes with a set of complimentary entries that are recorded on the blockchain upon purchase.
Users can increase their odds of winning by purchasing MetaWin NFTs directly from the platform. Every purchase comes with free entries automatically registered on the blockchain at the moment of purchase. After the competition ends, the champion can receive the Cybertruck as a prize or, if that’s not possible, they can choose an alternative reward of $125,000 in USDC/T.
The Tesla Cybertruck, known for its distinctive design and popularity among celebrities, is an exceptional reward. Under MetaWin’s guidance, the NFT contract provides the VIN for reference.
Rebecca Hanwell further noted, “The Cybertruck not only represents an exceptional vehicle but also embodies the technological innovation driving our vision at MetaWin. Hosting this contest on the blockchain ensures that every step of the process is as revolutionary as the prize itself.”
The competition is now open for entries, and the drawing is set for June 1, 2024. Once the contest ends, the winner will be rewarded promptly with their prize, demonstrating the efficiency and potential of blockchain technology in revolutionizing traditional asset ownership. To get all the details and join this exceptional contest, head over to MetaWin.com.
