Automobile giant Bentley Announces Its NFT Collection

The luxury UK-based car manufacturer, Bentley Motors is venturing into Web3 with the launch of an NFT collection on Polygon. The limited-edition drop will include 208 NFTs and is set to take place in September 2022 on the Polygon network.

The luxury carmaker recently announced its genesis NFT collection.

Bentley Motors enters the NFTverse

Bentley’s first NFT is just the beginning of its long-term Web3 strategy. In this regard, the inaugural NFT collection, which features special artwork from Bentley design, will grant holders exclusive access and rewards.

Bentley Motors stated, “Today we announce our first venture into the NFT marketplace with a one-time NFT drop on the carbon-neutral OxPolygon network, scheduled for September 2022 and limited to just 208 pieces.”

Interestingly, Bentley values the 208-piece NFT collection size. First, it represents the top speed of Bentley’s most powerful Grand Tourer (the Continental GT Speed). Additionally, it refers to the total number of 1952 R-Type Continental automobiles produced. This car is a significant source of inspiration for Bentley’s contemporary designs.

Due to the network’s status as a carbon-neutral network, the company selected Polygon. This is consistent with Bentley’s environmentally friendly stance, which seeks to have the luxury automobile manufacturer reach end-to-end carbon neutrality by 2030.

Bentley Motors has also announced that proceeds from the sales of the NFTs will be used to fund scholarships for students interested in engineering, design, and manufacturing. In addition to helping students, the automaker will donate a portion of its profits to the transportation sector’s environmental sustainability organizations.

Besides, Lamborghini, Ferrari, and Mercedes are previous participants in the NFT space.