Czech automobile conglomerate Škoda Auto launches NFT platform
On June 20, Škoda India, the Indian subsidiary of Czech automobile conglomerate Škoda Auto, launched a Web3 and nonfungible token (NFT) experience in partnership with Near Protocol. Dubbed “Škodaverse India," developers say the platform will possess low gas fees, interoperable NFTs for multiplatform usage, and eco-friendly, scalable NFTs. The firm wrote:
The debut Škoda NFT collection is scheduled to launch “soon," with no fixed date or offer price. Users will be able to mint the NFT whenever it is dropped through the addition of funds to their wallets.
Benefits for NFT holders, as listed by developers, include owning a unique digital asset representing Škoda’s artwork or collectibles, potential for “value appreciation” and resale in the future, and access to exclusive perks, rewards or experiences tied to NFT ownership. Trading is available via both fiat and cryptocurrencies. Developers also stated the NFT platform represents the firm’s first venture into Web3: “We step into the Web3 space and invite you to join us by exploring, collecting and owning unique digital art pieces."
We are thrilled to announce our official entry into the Web3 space. Škodaverse India is LIVE now! Discover, explore and create your account here: https://t.co/hNy0fY1eGQ Together with @NEARProtocol, we're paving the way towards a decentralized future.#Skodaverse pic.twitter.com/0uIVYZjoxz
Established in 1925 in what was then Czechoslovakia, Škoda was one of the largest industrial manufacturers in Interwar Europe until it became state-owned in 1948. The firm gradually became a subsidiary of German automobile manufacturer Volkswagon after the collapse of the Czechoslovak Communist regime in 1990. Its car brand is popular among countries in Central
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