Automakers are minting NFTs, but is there a strong use case?

cointelegraph.com:

Just before the turn of the 19th century, Carl Benz announced what is now widely considered as the world’s first commercial automobile. At the time, it would have been impossible to predict how this one product could spur the development of a multi-trillion-dollar industry over the course of the next century — but it did.

From refueling stations and maintenance garages to tech giants like Uber, the world has created countless businesses catering specifically to the concept of car ownership. This, in turn, has led to more profound innovation within the automotive space, producing an array of services that are collectively worth much more than the automobile manufacturing industry alone.

Digital ownership is taking over the web, and as the world continues to make large strides toward integrating society with technology, blockchain could be how we take value from the physical world into the metaverse. Like the Benz Patent Motor Car, blockchain-based products are creating a vast range of services that could propel the space to new heights, and with nonfungible tokens (NFT), the worlds of cars and decentralized networks are finally colliding.

Automobile manufacturers are increasingly entering the NFT space, which is projected to grow to $240 billion by the end of the decade, minting unique collectible digital tokens that are sometimes bundled with car purchases. 

These aren’t small-name brands either, ranging from the collectibles at Arizona-based car auction house Barrett-Jackson and British automotive group MG Motors to luxury and sports car brands such as Mercedes-Benz and Lamborghini.

This year, hundreds of thousands of users will get a taste of what the early metaverse will look like, connecting interoperable