Azuki sells 8 Golden Skateboard NFTs for record prices
Blue chip NFT project Azuki auctioned off eight non-fungible Golden Skateboard tokens. With the lowest sale for 200 ETH and the highest for 309 ETH.
The sale was announced on the Azuki Twitter account. The skateboards are currently NFTs. However, they will be redeemable for physical versions, and are officially the most expensive skateboards ever.
Until now, the most expensive skateboard was Jamie Thomas and Bob Dylan’s “Blowin’ in the Wind Skateboard”, which cost $38,452 in December 2012.
Another that comes close is Tony Hawk’s Beatles’ Blackbird Board. Which included a signature from Paul McCartney and was auctioned off for $27,116.
But even the combined value of the two is not up to the value of the lowest selling Azuki Golden skateboard NFT which went for the equivalent of $261,682.
Azuki Skateboard NFTs can be redeemed for physical
Azuki has been promoting limited edition Golden Skateboards. Which can be redeemed for a physical skateboard painted in 24-karat gold.
The series of Golden Skateboards was specially designed, precision milled and fully coated in 24K gold. Each board is fully functional (although we don’t recommend riding it, as it weighs 45 f****** pounds) and features an exquisitely detailed golden dragon – along with one of nine unique emblems from the Azuki universe, Azuki says. website stated.
In order for the owners of the NFTs to be able to redeem the physical skateboards, they must burn the NFTs. But the redemption can happen at any time, and the installation of the skateboards is ongoing.
Azuki also noted that the boards would come with decentralized tracking chip technology and integrate a physically backed token. The Bean Chip token can be used to claim or mint new types of tokens.
The high cost of the NFTs is reminiscent of the crypto bull run when the NFTs sold for record prices. But some of those NFTs that sold for record prices back then are now only worth a few dollars.
Recently, YouTuber Logan Paul revealed that the Azuki Bumblebee NFT he bought for $623,000 (188 ETH) is now worth just $10.
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