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{"id":9247,"date":"2022-07-04T15:10:26","date_gmt":"2022-07-04T15:10:26","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/04\/no-bids-on-chevys-first-nft-even-though-it-came-with-a-free-corvette-z06\/"},"modified":"2022-07-04T15:10:27","modified_gmt":"2022-07-04T15:10:27","slug":"no-bids-on-chevys-first-nft-even-though-it-came-with-a-free-corvette-z06","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/04\/no-bids-on-chevys-first-nft-even-though-it-came-with-a-free-corvette-z06\/","title":{"rendered":"No bids on Chevy\u2019s first NFT, even though it came with a free Corvette Z06"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/4\/23194242\/chevy-corvette-nft-auction-no-bids<\/a>
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Chevy\u2019s first foray into non-fungible tokens<\/a> was a non-fungible dud. The automaker netted zero bids for its first NFT during an auction last month, <\/em>even though the digital drawing came with a free 2023 Corvette Z06, according to Corvette Blogger<\/em><\/a>.<\/p>\n

The NFT, which depicts a lime green Corvette Z06 blasting through a cyberpunk landscape, was created by artist Nick Sullo, who goes by xsullo<\/a> online. The winning bidder would have also received a unique \u201cMinted Green\u201d Corvette Z06, which will be the only car painted in that color, and an option code RFN, which will \u201cforever associate\u201d the car with the NFT auction. And the Corvette\u2019s VIN number will be in binary because NFTs are digital and computers use binary and you get it.<\/p>\n

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But alas, there was no winner to ascribe to the blockchain, because mighty Chevy struck out. The automaker was only accepting bids in Ethereum (most NFTs are purchased using Ethereum), the price of which has been extremely volatile in recent weeks. The cryptocurrency has dropped more than 64 percent since April 1st, while the most lauded NFTs<\/a> have seen their floor price \u2014 price for the lowest one on the market \u2014 drop more than 70 percent. <\/p>\n

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