London, UK, April 17th, 2024, Chainwire
A groundbreaking initiative has been unveiled in the industry as MetaWin, in partnership with law firm BCLP, has successfully tokenized a Tesla Cybertruck, converting it into a digital asset encapsulated within a legally binding contract and minted as a Non-Fungible Token (NFT). This NFT, symbolizing complete ownership rights to The Cybertruck, has been introduced on the Ethereum Base Layer 2 blockchain managed by cryptocurrency leader Coinbase.
This event signifies a momentous achievement as the world’s inaugural tokenized vehicle asset, presenting participants with a chance to secure a Cybertruck via a transparent, on-chain procedure. Participation in the competition is free and easily accessible through a Web3 wallet, benefiting from significantly reduced gas fees on the Base Layer 2 blockchain in contrast to Ethereum’s Main Net.
Rebecca Hanwell, Operations Manager at MetaWin, emphasized, “Utilizing the Ethereum Base Layer 2 blockchain enables us to not only cut down on transaction expenses but also guarantee full transparency and instantaneous transfer of ownership throughout every phase of this competition – from registration to prize distribution.”
Entrants can amplify their entries by procuring MetaWin NFTs directly from the platform. Each acquisition includes complimentary entries, which are recorded on-chain at the time of purchase. Upon the conclusion of the contest, the victor may select either direct delivery of the Cybertruck or an alternative reward of $125,000 in USDC/T, if delivery proves impractical.
Participants have the opportunity to heighten their chances of winning by obtaining MetaWin NFTs directly from the site. Each purchase comes with complimentary entries, seamlessly registered on-chain at the point of purchase. Once the competition wraps up, the champion can decide to take delivery of the Cybertruck or opt for an alternative reward of $125,000 in USDC/T, in cases where delivery is unfeasible.
The Tesla Cybertruck, famed for its distinctive design and celebrity endorsements, stands out as an exceptional prize. It remains in the custody of MetaWin, with its VIN number specified in the NFT contract.
Rebecca Hanwell further remarked, “The Cybertruck not only embodies an exceptional vehicle but also encapsulates the technological advancement steering our vision at MetaWin. Hosting this competition on the blockchain ensures that every facet of the process is as groundbreaking as the prize itself.”
The competition is currently open for entries, with the draw set for June 1, 2024. The victor will promptly receive their prize upon the competition’s culmination, underscoring the efficiency and potential of blockchain technology in modernizing traditional asset ownership. For further details and to participate in this remarkable contest, please visit MetaWin.com.
About Metawin
MetaWin stands as the leading platform for on-chain prize contests and instant win games, offering a wide array of engaging challenges for users to partake in. Leveraging state-of-the-art blockchain technology, MetaWin furnishes a transparent, equitable, and secure gaming environment, positioning it as the preferred destination for blockchain enthusiasts and gamers alike.
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