Czech automobile conglomerate Škoda Auto has launched a Web3 and non-fungible token (NFT) experience in partnership with Near Protocol. Named “Škodaverse India,” the platform will have low gas fees, interoperable NFTs for multiplatform usage, and eco-friendly, scalable NFTs.
The first Škoda NFT collection is expected to launch soon, with users able to mint the NFT by adding funds to their wallets. NFT holders can own unique digital assets representing Škoda’s artwork or collectibles, benefit from value appreciation and resale in the future, and access exclusive perks, rewards, or experiences tied to NFT ownership. Fiat and cryptocurrencies are accepted for trading.
Škoda Auto was established in 1925 and became a subsidiary of German automobile manufacturer Volkswagen after the collapse of the Czechoslovak Communist regime in 1990. Its car brand is popular among countries in Central and Eastern Europe. In 2022, it delivered a total of 731,000 cars. This NFT platform represents the firm’s first venture into Web3, inviting users to explore, collect, and own unique digital art pieces. The company aims to align its sustainable vision with carbon-neutral blockchains.