London, UK, April 17, 2024, Chainwire
In a pioneering approach within the industry, MetaWin in collaboration with the BCLP law firm, succeeded in symbolizing a Tesla Cybertruck, transforming it into a digital asset wrapped in a legally binding contract and issued in the form of a non-fungible token (NFT). This NFT, which represents full ownership rights to The Cybertruck, was launched on the Blockchain Ethereum Base Layer 2 operated by the cryptocurrency giant Coinbase.
This competition marks an important milestone because the first tokenized automotive asset in the world, offering participants the opportunity to win a Cybertruck through a transparent on-chain process. Entry to the competition is free and easily accessible through a Web3 wallet, with gas prices significantly reduced on the Base Layer 2 blockchain compared to Ethereum's mainnet.
Rebecca Hanwell, Director of Operations at MetaWin, Underlines, “By leveraging the Ethereum Base Layer 2 blockchain, we not only minimize transaction costs, but also ensure full transparency and immediate transfer of ownership for every aspect of this competition – from registration to prize awarding .”
Users can scale their entries by purchasing MetaWin NFTs directly from the website. Each purchase includes a certain number of free entries, which are recorded on-chain at the time of purchase. At the end of the competition, the winner will be able to choose to have the Cybertruck delivered directly to them or choose an alternative prize of $125,000 in USDC/T, if delivery is not feasible.
Participants can increase their chances of winning by acquiring MetaWin NFTs directly from the platform. Every purchase includes free entries, recorded transparently on the channel at the time of purchase. At the end of the competition, the winner can choose to have the Cybertruck delivered or opt for an alternative prize of $125,000 in USDC/T, if delivery is not feasible.
The Tesla Cybertruck, renowned for its unique design and celebrity endorsement, is an extraordinary reward. It remains under the management of MetaWin, with its VIN number detailed in the NFT contract.
Rebecca Hanwell further noted, “The Cybertruck not only represents an exceptional vehicle but also embodies the technological innovation that drives our vision at MetaWin. Hosting this competition on the blockchain ensures that every step of the process is as revolutionary as the prize itself.
The competition is now open for applications, with the draw scheduled for June 1, 2024. The winner will receive their prize promptly at the end of the competition, demonstrating the effectiveness and potential of blockchain technology in modernizing traditional asset ownership. For more information and to enter this amazing competition, visit MetaWin.com.
About Metawin
MetaWin is the leading platform for on-chain contests and instant win games, offering a diverse range of entertaining challenges for users to enjoy. By leveraging cutting-edge blockchain technology, MetaWin provides a transparent, fair and secure gaming environment, making it the go-to destination for blockchain enthusiasts and gamers.
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