By
Bena Ilyas
April 23rd, 2024
According to a timer on the platform’s website, the auction will commence in less than 5 days.
DeFi company HODL has collaborated with a US-based memorabilia company Autographia to inaugurate a Non-Fungible Token (NFT) platform called The Diamond Marketplace.
The first product offered by this partnership is a one-of-a-kind mini model of a Tesla, autographed by none other than Tesla Chief Executive Officer Elon Musk. The small-scale model is all set to be complemented with a one-of-one NFT, along with an entire tokenized video proof and a Becket Letter of Authentication NFT.
According to a timer on the platform’s website, the auction will commence in less than 5 days. Vice President of Fan experience at Autographia, Jim Martin emphasized the fact that it would be the first time someone as influential as Elon Musk would become a part of their Memorabilia landscape. In a news release recently, Martin added that since HODL comprises sharp, aware crypto enthusiasts, Autographia will be looking forward to presenting their memorabilia to a keen and new set of audience.
The video proof that is being advertised by the HODL community is rare footage of Musk addressing TMZ in February this year. The raw video proof constitutes Elon Musk talking about cryptocurrency while holding the very same car. According to HODL, the proof has already been coined as a one-of-one NFT and will serve to be the ideal accessory for the launch.
The HODL token was released in June this year and is an ERC-20 token. This is a yield-farming token that is highly unstable and runs on hype and large trading volumes. HODL token recently witnessed a roller-coaster situation but has since averted risk by sticking at about 800% of its launch price.
Autographia is all-encompassing in the world of hand-signed autographed memorabilia. The company promises its users authentic, unique, and one-of-a-kind memorabilia that is certified by the industry’s top authenticators. The company makes use of a dual hologram authentication system that attaches a numbered tamper-proof hologram with a complimentary certificate.
Since the first NFT project released in 2017, the digital asset market has seen skyrocketing growth. In 2021, the NFT markets have retained their gargantuan prowess with analysis showing a growth of around 2100% in the first three months of 2021 alone.