Proof-of-Skate: Golden NFT-backed skateboards sold out for $2.5 m

Last week, the Azuki NFT project unveiled a collection of physically-backed tokens (PBTs) called Proof-of-Skate. It comprised nine unique skateboards plated with 24K gold and weighing 45 pounds each. Each skateboard is styled with Azuki anime characters such as a dragon, a red panda, a sloth, a cat, etc. 

According to the company, the presentation of the new collection is a landmark milestone for the Web3 community. The Proof-of-Skate is the first phase of the anime metaverse, which is also intended to link NFTs to outstanding material goods. 

Source: Twitter

The unique Proof-of-Skate skateboards were auctioned on October 21. Following the fierce bidding war, that lasted more than a day, organizers processed 145 bids and announced eight winners. They all broke the record for the most expensive skateboard ever sold, fetching between 202 and 309 ETH for a collective item. 

The total proceeds from the sale of the gold-plated skateboards amounted to $2.5 million. The ninth skateboard depicting a sloth remained with one of the project team members. Hence, eight fans of the anime and Azuki brand got a foot in the company's door and joined the fellowship of Ruins. The claim window for physical skateboards will open in November. 

Proof-of-Skate is not the pioneering PBT project. Earlier this year, jewelry brand Tiffany & Co. presented a similar collection in collaboration with CryptoPunks. NFTs, which granted their holders the right to claim real pendants, were sold out in 20 minutes.