Automotive – NFTs for Vehicle History and Ownership

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Category: Art

Description

NFTs are entering the automotive industry as a way to track vehicle history, from manufacturing to ownership transfers. These digital tokens provide an immutable record of a car's maintenance, accidents, and ownership history, offering transparency for both buyers and sellers. Additionally, automakers can issue NFTs for special edition vehicles, turning them into collectible digital assets. As car buying and selling becomes increasingly digital, NFTs are likely to play a key role in streamlining vehicle ownership.