An NFT (non-fungible token) is a digital asset that is recorded on a blockchain and can be bought, sold, or traded (like Bitcoin). Some sell for millions of dollars on NFT marketplaces such as OpenSea.
No, everything on the site is completely free. And there are no gas fees or other costs to move your Yachts.com NFT to another blockchain if you want to sell it.
It is based on a proprietary formula that takes into account the following factors for the boat: historical win/loss record, max speed, size (length), responsiveness, boat condition, crew experience, and aerodynamics.
Yes, each NFT is different in some way. And you own 100% exclusive rights to the image and can do whatever you want with it.
There are multiple ways to improve your boat's chances of winning.
The more often you race the more experience your crew gains. With each race you crew gains +1 experience up to a max of 100. For every 24 hours you don't race your crew will lose -1 experience.
You can upgrade your boats engine. This will increase its top speed by 1 MPH each time you upgrade.
You can upgrade your boats handling/responsivenss. This will increase it +1 to a max of 10.
Yes, we will soon be adding that feature.
You can enter the BEGINNERS race as many times as you want. The prize is 1 BUOY. This is a great way to accumulate BUOYS to enter bigger races or buy more NFTs. You can rent also out your Yachts for a period of 24 hours by visiting the Earn BUOYS section. You will earn between 1 and 10 Buoys daily.