Cosmic Wire — an industry leader in protecting and monetizing intellectual property (IP) — has announced the auction of a one-of-a-kind hybrid NFT: a 2000 Ferrari 550 Maranello once owned by Eddie and Alex Van Halen. A portion of proceeds will be donated to charity.
Featuring several sought-after upgrades, the winner of the auction will be the new owner of the vehicle itself as well as a collection of unique digital assets. The vehicle is currently owned and was restored by Van Halen family friend Damian Barbuscia and the car restoration experts Franco's European.
A portion of the Cosmic Wire proceeds from the auction will be donated to charitable causes through their charity partner, Let Me Help.
"We're just so excited about this offering. This is exactly the kind of drops you can expect from us at Cosmic Wire," said Cosmic Wire CEO Jerad Finck. "This is a once-in-a-lifetime opportunity to own this rare Ferrari, custom built, driven, and raced by both Van Halen brothers, not to mention Alex's racing goggles are still hanging from the dash. It's such a cool experience, and we at Cosmic Wire are humbled to be a part of it."
The individual who wins the auction will receive:
2000 Ferrari 550 Maranello
* 6 speed gated shifter
* Low miles (29,045)
* Recent full service including a new timing belt
* Fully restored leather dashboard and interior
* Modified to be similar to the ultra-rare Ferrari 550 WSR (only 33 made)
* Owned and upgraded by both Eddie and Alex Van Halen
- Includes two vehicle registration card, one from each brother
- A pair of Alex's racing goggles
- The paint has been scuffed and worn by the Van Halens over the years, but can be fully repainted by requested
Vehicle Upgrades include:
* Roll cage made by the legendary Rod Millen
* SPARCO leather wrapped racing seats
* SPARCO four-point harnesses
* Tubi exhaust system
* Lowering springs and wider set of wheels for better traction on the track and performance
Digital NFT Assets
* Digital scan of the vehicle rendered in the Unreal Engine
* Can be licensed and monetized
* Digital copies of Eddie and Alex Van Halen's titles
* Collectible digital car set