Business News Report
December 15, 2022

Renault launches its genesis NFT collection dedicated to the iconic R5 model

In Brief

Renault drops its genesis NFT collection of 1,972 generative 3D tokens

The NFTs are divided into four rarity tiers and give holders access to exclusive automobile-themed experiences

One NFT costs €100

French automobile manufacturer Renault launches its genesis NFT collection.

With this drop, the company aims to unite car enthusiasts and the crypto community while providing the brand’s fans with unique utilities. Dubbed “genR5,” it includes 1,972 generative 3D NFTs divided into rarity tiers. 

“R5 Electric” tokens are the rarest, as only a hundred are in the collection. These NFTs grant holders access to raffles for car tests and trial experiences, meet-ups with Renault designers, prototype discovery experiences, and access to the backstage of car manufacturing. Then, the collection features 160 “R5 Turbo” NFTs, which give owners access to free mints for Renault’s upcoming drops. Following, there are 450 “R5 La Car Van” tokens and 1,262 “R5 TL” tokens. The latter permit holders to participate in raffles for a private visit to Renault’s Atelier in Flint and an exclusive party during the Retromobile Show. 

In addition, each genR5 holder will get access to live conferences with industry experts. Individuals will also have a chance to co-create and receive branded hoodies and skateboards from Renault. 

The public mint of the collection starts on December 15 at 9 PM CET on the project’s website. One “R3NLT” NFT goes for €100, and users can pay in fiat or crypto. 

“Joining the R3NLT community is tantamount to entering into a singular relationship with the brand, creating and offering new experiences to all enthusiasts. And there is no better way of starting than with a collection of NFT that pay tribute to the storied Renault 5,”

said Renault’s Global Chief Marketing Officer, Arnaud Belloni.

It’s worth noting that Renault Group stepped into the web3 space in November this year. The company then announced its plans to build the world’s first automobile industrial metaverse. The project aims to monitor supply chain data and supply flow, saving the company an estimated $600 million by 2025.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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