"Decrypt spoke to Metakovan over email to better understand why anyone would spend money that could get you a real car (and a very expensive one, at that) on a fake car.
“Think about it,” he said. “This car is the first of its kind, and indestructible. There's something special about that 'first' car. Like being able to own the first ever Ford Model A.”
In other words, for the pseudonymous NFT investor, it’s a little bit like owning a piece of history.
“The difference here is,” Metakovan told Decrypt, “we're talking about the first in-game, official F1 car. I believe that this is one of the best collectibles ever. The kind that would pay for itself over and again.”
When asked if he expected the value of the car to appreciate over time, Metakovan said that “you need to look at it like art in the real world,” in that there’s inherent value for the collector that goes beyond the question of money: “For a very long time, I don't intend to give it away. I will hold on to it for as long as I can. However, this is a non-fungible token, which means it, or more importantly its story, can't be replicated.”
But the car isn’t “just a showpiece,” said the mysterious NFT whale. It has the potential to earn money in F1 Delta Time races on the blockchain, since the top racers on the game’s leaderboard are awarded a certain amount of ETH each week. In a podcast interview, Metakovan admitted that actually hasn’t used the car yet—but if he does decide to start racing it, the car’s stats will get him something of a head start: “So either way, the value of the car will grow over time.”
Most NFT investors are not only buying into individual assets, but also into the broader concept of the “metaverse”—a digital layer sitting on top of the real world, accessible via augmented reality apps and virtual reality hardware (think: Oculus Rift). Virtual communities like Decentraland, Cryptovoxels, and The Sandbox are already dedicated to this sort of thing, and act as hubs for purchased NFTs."
https://decrypt.co/48201/nft-whale-metakovan-interviewMeet the Mysterious NFT Whale Who Drops $100K on Fake Cars
