The Good Tech Companies - CryptoAutos Acquires $20M Rental Fleet In Dubai, Advancing Real-World Asset (RWA) Adoption

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Crypto Autos acquires $20 million rental fleet in Dubai, advancing real-world asset, RWA, adoption, by Chainwire. Crypto Autos, a pioneer in the real-world asset, RWA, space, has acquired a fleet of vehicles worth $20 million in Dubai, marking a significant step forward in bridging digital assets with physical assets. This acquisition underscores CryptoAuto's commitment to redefining vehicle ownership and investment through blockchain technology. Bringing RWAS to the forefront real-world assets, RWAs, have become one of the most promising narratives in blockchain,

Starting point is 00:00:43 enabling users to tokenize, trade, and invest in physical assets seamlessly. By purchasing a fleet of high-value vehicles, crypto autos is proving that tokenization is not just theoretical, it's a tangible, scalable business model that unlocks new liquidity and accessibility for digital asset holders. Greater than, acquiring real-world assets and making them accessible through tokenization greater than is at the core of what we do, said Wakas Nazam, founder of Crypto Autos. Greater than, this $20 million fleet acquisition is another step towards enabling individuals to greater than leverage their digital assets in meaningful, practical ways.

Starting point is 00:01:21 Let's put it into greater than perspective. We've spent $20 million on this fleet. This is significantly more than greater than the majority of RWA projects have managed to raise. Crypto Auto's success is backed by its $60 million and $7,500,000 raised over multiple funding rounds. How IT works Crypto Auto's will create investment opportunities in its fleet, allowing users to potentially earn yield in USDT from both the rental and sales of its luxury vehicles. Investors will benefit from an estimated annual rental yield of $15 million, making this a lucrative real-world asset-backed investment. Through Crypto Autos platform, users can invest in fractional ownership of high-value vehicles,

Starting point is 00:02:04 receive potential rental-based earnings, gain exposure to the appreciation and resale value of exotic cars. By combining the efficiency of blockchain with real-world revenue streams, crypto autos ensures that digital asset holders can participate in a stable, high-yield investment model. Dubai as a strategic location Dubai has rapidly positioned itself as a global hub for blockchain innovation, offering a forward-thinking regulatory environment and a thriving luxury car market. CryptoAuto's decision to establish a stronghold in Dubai aligns with Therigen's growing adoption of crypto-backed investments and digital finance. Greater than, with its

Starting point is 00:02:41 progressive stance on blockchain and finance, Dubai is the perfect greater-than location for our first acquisition, added Waka's. The city provides the ideal greater-than ecosystem for RWAs to flourish, and we are excited to drive this movement greater than forward. Luxury fleet key features CryptoAuto's newly acquired fleet consists of some of the world's most sought-after high-performance vehicles, including Lamborghini Huracan Evo, Huracan Evo Black, Huracan Tecnica, Aventador, Urus, Urus Mansory, Ferrari Pirosang, 296 GTB, F8 Spyder, Roma, Portofino, Mercedes-Benz G63 AMG. G63 AMG Brabus. G63 AMG Rocket. G63 Green. S680 White Matte. E300 Black. Porsche 911 Carrera S911 Turbo S911 GT3 Rupees. GT3 Rupees Yellow. GT3 Mango. Nardo Grey, Turbo S Silver, Turbo Yellow, McLaren 720S, Rolls-Royce Cullinan Black Badge, Cullinan Mansory, Don, Ghost, Bentley Flying Spur White, Bentayga Mansory Grey,

Starting point is 00:03:55 Aston Martin DBX Black, Land Rover Defender Black, Range Rover SVR Black, other notable vehicles Nissan Patrol Grey, Tesla Cybertruck, this collection of supercars, luxury sedans, and high-performance SUVs positions crypto autos as a dominant player in the high-end vehicle market, offering both investment opportunities and access to world-class automotive experiences. The impact of the $20 million fleet acquisition This acquisition strengthens crypto auto's ecosystem by enhancing market liquidity providing a new tokenized investment avenue for users expanding ownership accessibility allowing individuals to participate in high value

Starting point is 00:04:36 vehicle markets without traditional barriers boosting real world utility offering car enthusiasts and investors a seamless way to engage with luxury vehicles via blockchain. Future of Next for CRYPTOAUTOSAs The company continues its expansion, Crypto Autos is set to introduce additional asset-backed opportunities, further bridging the gap between Web3 and traditional industries. The latest acquisition is just the beginning of a broader strategy to integrate RWAs into everyday transactions, making digital asset usability more practical than ever before. More details will be revealed in the coming weeks and months as Crypto Autos continues

Starting point is 00:05:14 to innovate and expand its offerings. For more information, users can visit and follow Crypto Autos about Crypto Autos Crypto Autos is an innovative platform leveraging blockchain technology to tokenize vehicle ownership and investment opportunities. By merging the digital asset ecosystem with the automotive industry, Crypto Autos enables users to access, buy, rent, invest in, and trade high-value vehicles seamlessly. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - CryptoAutos Acquires $20M Rental Fleet In Dubai, Advancing Real-World Asset (RWA) Adoption

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.