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MG First Car Maker in India to Launch its NFTs -Breaking

by Mike Robinson

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India’s First Car Maker MG Launches NFTs
  • MG Motor announced that it will be entering the NFT market.
  • The total number of units sold by the company in digital creatives will be 1111.

First Car Maker MG Motor announced that it will be entering the market for non-fungible tokens (NFT)

Moreover, the company revealed that it will commence the sale of a total of 1111 units of digital creatives — its art which includes GIFs and static images will be up for auction and it will start selling the NFT collection from December 28, 2021.

MG Motor India Chief Commercial Officer Gaurav Gupta said,

We are now taking an important step toward socializing and working with NFT team members through this initiative. To bring together MG fans, MGCC members, and the wider community to enjoy and share the incredible digital designs that exist in all their forms.

Moreover, the MG’s NFTs will be divided into four divisions. This includes Collectibles, Community & Diversity, Collaborative Art, and CaaP (Car-as a-Platform). More importantly, the MG asserts that NFTs from its MG will become the future in collaborative technology. Gupta also spoke out about the profits from the initial auction that were donated to gi…

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