Renegade and Mulsano introduced NFT collector cars with a $100 price tag

The Renegade crypto-banking platform has partnered with the German luxury car dealer Mulsano, launching a joint project in the realm of tokenized real-world assets (RWA). Thanks to blockchain technology, anyone can now invest in exclusive collectible cars from Mulsano, starting with just $100.

“Renegade has begun its collaboration with Mulsano, one of the most exclusive German luxury car dealerships! We are excited to be their gateway to the future by tokenizing collectible cars! The world of high-end automobiles and cryptocurrency is about to collide! Buckle up for this amazing journey!” — the announcement states.

Currently, only four cars are available on the NFT marketplace OpenSea. The price of a Lamborghini Aventador Roadster, for instance, is divided into 1,576 digital tokens, each currently valued at 100 USDC or $99.81.

This means that to own a luxury vehicle, one only needs to purchase at least 1 NFT. This, in turn, offers the opportunity to diversify one's investment portfolio, as token holders can profit from the long-term appreciation of the car's value due to its rarity and historical significance.