Cloud Yachts Closes $12 Million Sale Via OpenSea Listed NFT

Drawing from the apparent boating fascination brought on by the Bored Apes, Cloud Yachts has jumped into the market. As if some NFTs weren’t exclusive enough, this one costs $12 million dollars, and comes with its own Tactical yacht, paving the way for NFT-backed luxury goods of the highest calibre.

NFTs of incredible nautical produce are offered, which then constitute terms of the sale. Once agreed, the team will begin the building process to make the designs a reality.

Not just a pipe dream however, as Cloud has already sold its first item, a 110-foot (33.5 meter) superyacht, built by venerable ship building firm, Tactical. To get into the nuts and bolts of the deal, a quick peruse of OpenSea reveals that the NFT represents a contract for the build, while the buyer will transfer the bulk of the fuds off-chain.

Following the sale, Tactical will spend the next 36 months building the incredible floating homestead, in addition to the buyer customizing the item in glorious augmented reality. Then, on completion, the new owner, believed to be a Texan businessman, will receive the completed yacht along with a second NFT for good measure.

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