NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate

NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate sponsored

ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms.

At the core of ETH in Mellieha is an Oil Painting that No Longer Exists

Local artist Debbie Bonello was commissioned to create an oil painting of a car that featured ETH on its number plate. After the painting was finished, it was to be burnt during a ceremonial bonfire event attended by Bonello’s friends and family, as well as members of the local and national Malta government.

Before the ceremonial destruction of the painting and all associated sketches, it was digitized by photographer Matthew Mirabelli and minted as an NFT. This NFT will now go on to be auctioned off to the highest bidder, along with the legal ownership rights to the actual ETH number plate under Malta law.

Mamo TCV Advocates Involvement is Key to the Project

Although NFTs that are bundled with rights to assets have been done before, ETH in Mellieha endeavoured to make sure this project was of sound legality, by drafting in one of Malta’s leading law firms to draft the terms and conditions and oversee the eventual transfer.

Mamo TCV has confirmed via liaison with Transport Malta that whoever wins the auction will be entitled to ownership of the customised number plate, regardless of whether they own a car and/or whether they are a resident of Malta themselves.

The Country of Malta’s Laws and Culture have Made ETH in Mellieha Possible

Malta’s status as the ‘blockchain hub of Europe’ has made projects like ETH in Mellieha possible. Each strand of this project has been made up from Maltese origins, from the artist of the painting themselves, all the way to the legal terms and conditions overseen by Mamo TCV. Along the way, a documentary was made by Maltese videographer Eric Bartolo too.

Once again, Malta is front and center of the burgeoning crypto sphere, which undoubtedly won’t be for the last time either. Bidding for “ETH in Mellieha” begins on February 2, 2022 at 4pm UTC on Opensea. For further information about the project, please visit the website.

  Tags in this story ETH in Mellieha

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Bitcoin.com Media

Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App SPONSORED | 1 day ago Spellfire to Huobi Primelist on January 27th SPONSORED | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleValkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry Next articleGlobal Crypto Owners Predicted to Surpass 1 Billion This Year Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer More Popular NewsIn Case You Missed ItJoe Biden Claims Inflationary Pressure "Rests With the Federal Reserve," Praises the Fed"s "Extraordinary Support" 

On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that ... read more.Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers These Are the Crypto Economy"s 10 Most Expensive Assets per Unit in 2022 Report: A16z to Raise $4.5 Billion for Crypto Investments NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase