.In early 2022, Bugatti collaborated with Asprey Studio, and now they are bringing exclusive and expensive NFTs collection on Bitcoin. Both iconic brands, known for their impeccable designs, are now bringing their NFT project: The Asprey Bugatti Egg Collection.
Bringing Exclusively Designed Eggs NFTs
The exclusive 111 Asprey Bugatti Egg Collection would be a physical artifact and digital artwork; physical eggs will also be linked to Bitcoin NFTs. As for their cars and art pieces, these eggs will be expensive. Chief Creative Officer with Aspret Studio, Ali Walker, says that the Price from 1-100 would be between $20,000 to $50,000, while from 100 to 111 would cost more than $200,000.
What is the reason for the high price?
As Carlo Bugatti used to say, “The purest perfect shape of nature is the egg.” The high price is under the brand image and the materials used for creating their physical counterparts. The Royal Edition eggshell from the Asprey Bugatti Collection is made from carbon fiber.
These eggs are encased with a sterling silver diamond weave lattice gently angled downwards and curved towards the base. This design is synonymous with Asprey’s heritage in furniture and jewelry making. The egg’s surface is dotted with motifs of dancing elephants, which are a recreation of Rembrandt Bugatti’s original sculptures and the Bugatti Type 41 Royale bonnet.
The physical shell opens with a complex hinged diamond door revealing a scene from Chateau Saint-Jean, Bugatti’s home in Molsheim, along with Bugatti Type 41 Royale Esders in sterling silver. Moreover, the images of what’s inside the egg will be available after the minting starts.
When will it launch?
However, no date is yet decided for NFT minting to start; those who wish to own the physical art piece must wait a long time. Because all these eggs will be in limited quantity and each handmade, the process might take 12 months to deliver. But the NFTs shall be redeemable through smart contracts in three to five months from the minting date. The launch is expected to coincide with the opening of Asprey Studio Gallery in April 2023.
NFTs and Bitcoin Ordinal
The Bitcoin Ordinal protocol was launched in January 2023, facilitating NFT minting on the Bitcoin mainnet. More than 48,000 inscriptions have been minted so far. Major names in the list include; Ordinal Punk, with 100 NFTs, and 7 punks were bought for around 15.2BTC or 221 ETH or $331,715.
Taproot Wizard recorded the biggest block transaction in BTC history of 4 MB; now, only six are inscribed on Bitcoin. Bitcoin Rocks had their supply capped at 100, with some listed for 1000 BTC or 13,858 ETH or $22 million. Timechain Collectibles were series 1, a highly collectible set of 21 ordinals selling for around 3.08BTC or 43.59 ETH or $67,000.
Implications on the NFT realm
Bitcoin has recently entered the NFT arena with its latest offering, which hints towards the potential of NFTs. With major blockchains entering and working in the arena, it can be assumed that non-fungible tokens could be the next big thing. However, it is still early to hope for a boosting rally, but the hopes are on.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/04/04/bugatti-asprey-bring-the-posh-nfts-to-the-bitcoin-blockchain/