The auction action of real cars and NFTs comes together May 14 when RubiX offers what is being billed as the first physical-digital twin automotive sale offering a historic piece of movie memorabilia and a non-fungible token up for final bidding.
Pre-bidding began May 6, with the auction taking place May 14 at 9 a.m. Eastern. RubiX expects the winning bid to be between $750,000 and $2.5 million.
The physical part of the lot is the W Motors Lykan HyperSport stunt car from Fast & Furious 7. RubiX says the car is the only one of 10 such cars that survived the filming.
“W Motors produced 10 Lykan HyperSport stunt vehicles exclusively for use in the movie but only one survived filming,” RubiX says in its news release. “The last remaining Lykan HyperSport stunt car, which was featured in scenes with stars Vin Diesel and the late Paul Walker crashing through some of the most famous skyscrapers in the UAE, is now up for auction as an NFT.
“The car, which was built as a stunt vehicle and is not street legal, showcases its unique story and rich Hollywood history through its scars and imperfections as a one-of-a-kind collector’s piece.”
Nithin Palavalli, RubiX’ chief executive, noted that in conjunction with W Motors, his company is bringing “this piece of pop culture history to market as the first vehicle NFT in which the buyer will take ownership of the physical asset along with exclusive digital content — this has never been done before in NFTs.
“As NFTs continue to infiltrate different industries, RubiX is pioneering technological advancements that will shape the future of automotive sales and W Motors is the perfect partner to work with to bring this to market.”
RubiX said the winning bidder will have full ownership of “both the digital and physical assets,” including an NFT package with “a collage of exclusive images plus unique 3D videos of the Lykan Hypersport stunt car built on-chain on the RubiX blockchain with DiD security, as well as the physical Lykan HyperSport stunt car that’s currently on display at the W Motors Gallery in Dubai, UAE engraved with an irreplicable QR code (visual crypto) to prove ownership.”
W Motors chief executive Ralph Debbas noted that his company is the first “to implement NFT technology in the automotive arena, adding another impressive notch to our belt and signaling a new way to sell luxury, investment-grade vehicles in a manner that guarantees provenance, security and ownership of the asset.”
The 2013 Lykan HuperSport was produced in Italy. The Fast & Furious 7 stunt car is being offered as it emerged after movie production. Windows, bodywork, grille and seats are damaged, the rear-view mirrors were torn away, and the upper rear air intake is missing.
RubiX adds that the Lykan HyperSport NFT “is backed by RubiX’s proprietary patented technology and is built on the most secure and sustainable blockchain in the market today,” and incorporates Passwordless Digital Identity and unique QR Codes.