It will lead to a real new superyacht in 36 months.
Last week’s 110-footer, which was minted via Opensea, is expected to take about 36 months to build, with a cost of about $12 million. On completion, Cloud Yachts and Tactical Custom Boats will mint a second NFT for the owner with all metadata from the build and he’ll receive his new explorer yacht.Tactical CEO Tim Charles said he decided to use an NFT business model to “simplify” what is often a complex build process. All design and build data will be integrated into the NFT file.
The hull number two NFT will be marketed next week at the Palm Beach International Boat Show through Tactical and Denison SuperYachts.that everyone is still trying to figure out how the process will work. In fact, he says, the initial crypto payment went to the wrong payee. “We had it sorted out in an hour and had a good laugh about it,” he says. “But we all recognize that mistakes will be made during the process.
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