Ferrari aims at AI generation with crypto auction for Le Mans car
Market Intelligence Analysis
AI-PoweredFerrari is exploring the use of digital tokens in an auction for a Le Mans-winning car, targeting tech-savvy younger investors and tapping into the growing wealth of luxury brand enthusiasts.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
MILAN (Reuters) -Ferrari is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles. The plan for now is limited in scope and is an effort by the Italian sports car maker to tap into a trend among luxury brands seeking access to the growing wealth of younger tech entrepreneurs, as AI and data centres drive investment and markets around the world. It comes after Ferrari, which is also developing its first electric car, began accepting Bitcoin, ethereum and USDC for car purchases in the United States in 2023 and extended the service to Europe last year.
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