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Cyber Yachts Announces Record $400M Metaverse Yacht
The project is a collaboration between Cyber Yachts and internationally renowned yacht designer Lukasz Opalinski of Opalinski Design House.
Muskaan T.
9:36 5th Apr, 2022
NFTs

Cyber Yachts, the world's first metaverse yacht company, is announcing the world’s most expensive NFT, a 120 meter (394 foot) mega yacht named “Indah,” priced at $400,000,000 USD (Indah can be purchased in Ethereum (ETH), Bitcoin (BTC) and Bitcoin Latinum (LTNM)).

In addition to the NFT, the buyer will also receive the real-world, fully constructed 394 foot mega yacht based on the same design, built by one of the world’s most respected luxury yacht shipbuilders.

Opalinski’s clients include Italian shipbuilding company Benetti and Netherlands-based yacht builder, Oceanco.

Mentored by distinguished mega yacht captain and naval expert John Henson, Opalinski won the New Designer of The Year award in 2005 and 2006 from London’s famed New Designers Show. Opalinki’s yacht design presentation for “Project Magnitude” garnered 9.5 million views on YouTube.

As reported in the LA Times, the market research firm Grand View Research forecasted the global yacht market to hit $8.5 billion in 2021, up from $8.15 billion in 2020, and is estimated to reach $12.16 billion by 2028. During the pandemic, the number of billionaires in the world climbed from 2,095 to 2,755 and their cumulative wealth increased by 60 percent, or $5 trillion.

Cyber Yachts is positioning itself well in a lucrative NFT market. US-based, multinational investment bank Jeffries recently increased its market-cap forecast for the NFT market to $80 billion by 2050, with double digit growth for the next five years.

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