Luxury automaker Bentley announces launch of exclusive, sustainable NFT - Gulf Business
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Luxury automaker Bentley announces launch of exclusive, sustainable NFT

Luxury automaker Bentley announces launch of exclusive, sustainable NFT

The NFT, which is being minted on Polygon, is scheduled for a September launch and limited to just 208 pieces

Neesha Salian
Bentley to launch NFT

Bentley Motors has announced its first venture into the NFT marketplace, with a one-time NFT drop scheduled for September and limited to just 208 pieces.

The number 208 has special relevance to Bentley, being both the top speed of its fastest Grand Tourer (the Continental GT Speed) and the total production run of the iconic R-Type Continental of 1952 – the car that inspired the modern Bentley design DNA.

The genesis Bentley NFT will be a unique artwork created by Bentley Design, and will offer access and exclusive rewards to holders.

The Bentley collection will be minted on Polygon, an Ethereum scaling platform onboarding millions to Web3.

Polygon recently attained carbon-neutral status and has pledged to go carbon negative by the end of 2022. As a result, all Bentley NFTs will be entirely carbon-neutral.

With a commitment to achieving end-to-end carbon neutrality by 2030, the same year when all Bentley vehicles will be fully battery electric, it was vital that Bentley’s first venture into Web3 was in a sustainable way.

Alain Favey, member of the Board for Sales and Marketing, commented: “Bentley customers are living their lives online, purchasing luxury goods with digital currency, and establishing businesses in the Metaverse. We’ve always engaged our customers where they explore their passions, and today that means being present in digital marketplaces and offering NFT assets. We’ve seen how NFTs have raised the profiles of both art and artist, and we believe the same can happen in the luxury automotive space.”

Bentley will also explore other digital platforms, including NFCs (non-fungible chips), online gaming, metaverse applications, and the use of blockchain technology across the organisation.

Proceeds from this and future activations will support the brand’s philanthropic initiatives. Bentley will accelerate support for students interested in engineering, design and manufacturing.

The luxury automaker also plans to support organisations working to increase sustainability efforts, especially in the transportation sector.

The unique pieces of digital art featured on the NFTs will be revealed following the drop in September.

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