Porsche to release 7,500 NFTs for use in a ‘virtual world’

German luxury car manufacturer Porsche has suggested that it will significantly increase its Web3 efforts after unveiling an upcoming NFT project consisting of 7,500 customizable tokenized vehicles.

In a November 29 announcement, Porsche stated that NFTs will be released in January and users will be able to customize various aspects of the cars in regards to performance and appearance.

The NFT art itself is being designed by designer and 3D artist Patrick Vogel, and all the pieces revolve around the famous Porsche 911 model.

Notably, these virtual assets will be designed on Epic Games’ Unreal Engine 5, which suggests that game integrations are well underway.

The company gave a preview of the project at the Art Basel conference in Miami on November 30. While no specific details were mentioned, the company did note that owners will be able to use the cars in the “virtual world,” most likely a metaverse of sorts.

More broadly, Porsche suggested that it is looking to significantly increase its exposure to Web3 in the future, with the announcement noting that:

“Digital art is just one aspect of Porsche’s Web3 strategy. The sports car manufacturer is working to integrate the potential of blockchain technology into existing and future processes and solutions.”

Porsche was previously involved in launching soccer-themed NFT collectibles in June 2021 as part of a project called Fanzone, but now it appears to be taking tokenization of its cars more seriously.

BMW will get Web3 brands

Speaking of German luxury car manufacturers, BMW has reportedly applied to trademark its logo in connection with a number of Web3 products and services.

The move was highlighted by USPTO-licensed trademark attorney Mike Kondoudis, who frequently shares news about Web3 US trademark applications from major companies.

BMW outlined intentions for its logo to encompass collectible items such as clothing, footwear, headgear and virtual vehicles, while also indicating plans for downloadable virtual goods such as environments and online games.

BMW is coming to the metaverse!

The company has applied for the trademark of its logo for:

▶️ Files and media authenticated by NFT
▶️ Virtual vehicles + clothes + shoes
▶️ Virtual Vehicle Retail Stores + Clothes
▶️ Virtual environments
… and more!#NFT #Metaverse #Web3 #BMW pic.twitter.com/huO0RkiGWz

—Mike Kondoudis (@KondoudisLaw) November 30, 2022

The Baby Shark Web3 Arc

Content from Pinkfong’s popular nursery rhyme/music video Baby Shark will be tokenized as part of a family-focused blockchain game.

Pinkfong has reportedly signed a license agreement with Toekenz Collectibles to create and cast Baby Shark characters in a child-safe digital environment.

Toekenz Collectibles is an NFT platform aimed at children under 12, and the goal of the game is to educate children ages five to nine “about the business economics of digital collectibles.”

Kids will also be able to customize NFT art to their liking and even participate in a DAO Tokenz where “they can exercise democratic decision-making.”

This is not Pinkfong’s first foray into NFTs, as Cointelegraph previously reported that the South Korea-based company launched a series of limited edition Baby Shark NFTs in December of last year.

Related: Two Boring Monkeys Sell for $1 Million Each: Nifty Newsletter, November 23-29

Deadmau5 Launches Musical Metaverse

A Web3 startup co-founded by popular crypto-friendly DJ Deadmau5 (Joel Zimmerman) is gearing up to launch a music and gaming-focused Metaverse platform.

Announced at the Art Basel event on November 29, the start-up company known as Pixelynx stated that the Polygon-based platform will launch this week, kicking off with an Augmented Reality (AR) scavenger hunt in Miami Beach.

The company’s CEO and co-founder, Inder Phull, described the augmented reality scavenger hunt as a “Rock Band and Pokémon Go experience,” in which virtual game features merge with real locations on maps across devices. smart.

Owners of Deadmau5’s NFT Droplet will gain early access to the Pixelynx metaverse with the platform’s goal of providing a wealth of virtual experiences for fans of particular musicians and artists.

More witty news

NFTs depicting the ongoing protests in China against the country’s harsh, zero-tolerance COVID-19 policy arrived on the OpenSea NFT marketplace in late November.

On November 30, decentralized exchange (DEX) Uniswap announced that users can now trade NFTs on their native protocol. The feature will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX.