Grammy Award-winning rapper Rick Ross and production duo Cool & Dre make history by teaming up with abstract artist and superstar luxury car designer Rich B. Caliente to customize a Porsche 911 Carrerra 2021, the world’s very first automotive art NFT. The Porsche, which goes to auction today (June 4) at the Miami Bitcoin Conference 2021 in Miami, FL, was hand painted by Ross, Cool & Dre and Caliente and is the first physical luxury car to be strapped to a high-end NFT.
Whoever wins the auction for NFT struck art will acquire ownership of the artwork, as well as the physical 2021 Porsche 911 Carrerra itself, with the vehicle title located inside the NFT. Offers will be accepted using the Ethereum blockchain cryptocurrency until June 14. Conceptualized by Rich B. Caliente, the Porsche 911 NFT was launched by management consultancy NFT Slash Dot, with a portion of the proceeds from the auction going to the Irie Foundation, an organization founded by the famous Miami spinner. DJ Irie who focuses on benefiting and empowering at-risk youth in the South Florida area.
Ross and Cool & Dre’s partnership with Caliente, who designed custom vehicles for a roster of rap artists and athletes including LeBron James, DJ Khaled, Dwayne Wade, DJ Khaled and Roos himself, is the latest example of hip-hop joining the cryptocurrency market. 50 Cent, Lil Yachty and Nas (who recently dubbed himself the “Cryptocurrency Scarface” on DJ Khaled’s Khaled khaled single, “Sorry Not Sorry” with himself and JAY-Z), like some of the artists who have reaped the rewards of their entry to the crypto wave’s ground floor. And with a recent crypto buyer buying a NFT of Eminem’s beat “Stan” for $ 100,000, it seems that the tendency of rappers to infiltrate the NFT world will only increase as various forms of cryptocurrency continue to gain popularity.