Mercedes-Benz Shares First Era Mint Details
Mercedes-Benz's first Era of NXT Icons, "The Era of Luxury," will be released in a public rebate Dutch auction on Sept. 5.
The Deets
- Era of Luxury: First of seven eras, 2,694 collectibles available
- Rebate Dutch Auction: Starts at 1 eth, ending at 0.1 eth over 90 minutes.
- Visual Unveiling: Artworks revealed 24 hours after auction ends.
- Mint Pass: Allows for one free mint during any of the seven auctions.
The Bulk
The new NXT Icons collection will be distributed over seven eras, each spotlighting different milestones in the automaker's design history. The first era, dubbed “The Era of Luxury,” comprises 2,694 tokens and will be sold via a rebate Dutch auction on September 5. Unlike traditional auctions where the price ascends, a Dutch auction starts with a high price—1 eth in this case—that descends linearly over a 90-minute span until it reaches a minimum or "resting" price of 0.1 eth, or until supply runs out.
Buyers can partake in the rebate Dutch auction where everyone ends up paying the same price for their tokens. After the auction, the price difference between the initial bidding and the last token sold will be returned to the bidders.
Holders of a special "mint pass" can claim a free digital collectible during any of the seven eras. These passes are a token of appreciation for holders of eligible "Maschine" and Mercedes-Benz NXT Eternities tokens.
🎤 Founder Feedback
With Mercedes-Benz NXT Icons, we embark on a journey through Mercedes-Benz's design heritage. These collectibles are digital re-interpretations of the most notable designs and were created by the Mercedes-Benz design team.Mercedes-Benz NXT
🔜 What's Next?
If you're interested, mark your calendars for September 5, and ensure you're in one of the approved countries for participation. Future eras and potential country additions are also in the pipeline.
🧠 Learn More
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