Cloud Yachts: Megayachts in the Metaverse

Does anyone really know the value of an NFT? Or what the metaverse or crypto really is? Read on to learn how Cloud Yachts is revolutionizing the new digital revolution.

For many of us, it’s hard to even begin to understand the dizzying array of digital technology that’s shifting fundamental ideas about art, property, design, investing and even money itself. However, it’s impossible to ignore the impact that Bitcoin is having on global financial markets, or the fact that Sotheby’s recently sold a collection of Bored Ape NFTs (actual digital cartoon images of bored apes) for over $24 million. And since Bored Ape owners are also granted access to the hyper-exclusive Bored Ape Yacht Club (only 10,000 Apes exist on the Ethereum blockchain), you’d be forgiven for thinking it’s only a matter of time before a superyacht NFT Yacht Club is minted for the metaverse.

For those who have no idea what I’m talking about, an NFT (non-fungible token) is an image that contains unique digital identifiers that can’t be copied, substituted or subdivided. Each NFT is recorded on a blockchain that is used to certify the authenticity and ownership of a specific digital asset. So, the idea is, a superyacht in the metaverse can be as unique and verifiable as Jeff Bezos’s outrageously large, new-build yacht.

Thankfully, the limited-edition superyacht NFTs that Cloud Yachts released at the 2022 Miami International Boat Show are far superior than simple cartoon images. The project successfully attracted world-renowned yacht design firms, such as Bannenberg & Rowell, Gregory C. Marshall, David Weiss and Marco Casali, all of whom released real yacht NFTs that might end up being a lot more valuable to own than other headline-grabbing NFTs with their jaw dropping prices.

In fact, Cloud Yachts’ NFTs could end up changing the way yachts are designed, as well as bought and sold. This is because in addition to the unique superyacht NFTs that were dropped at Miami Yacht Show, a 206-foot-long new-build project designed by Gregory C. Marshall is also available for purchase as an NFT.

This first-of-its-kind project will allow a client to work with the award-winning designer to customize their superyacht in the metaverse using augmented reality technology. The project is currently priced at $95 million or 30,148 ETH (at the time of going to print), but who knows what the final price will be?

“Our team is honored to represent some of the world’s best and emerging superyacht designers,” says Zach Mandelstein, founder of Cloud Yachts. “We’re aware of the short-term NFT craze so we’ve set our sights on the long-term utility that this blockchain technology offers. Whether it’s by facilitating transactions, revolutionizing the new-build experience or something we haven’t yet imagined, we’re enthusiastic to participate in this virtual economy.”

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From intelligent debate to cutting-edge science, and risky sports to surreal charter experiences, FRANK does not shy away from the awkward, controversial, or questionable details. Brazen at times, amusing in spirit, and always transparent in the discussion, the focus is on discovering new angles and enjoying every minute. And, of course, always being ‘frank’ about the conclusions.

For advertising inquiries in FRANK magazine, please contact Jen@DenisonYachting.com