(Cnevpost) Chinese electric vehicle maker Nio is giving its workers NFTs in its first move indulging in cryptocurrencies.
Nio will distribute both digital and physical copies of the NFTs via a lottery.
The award of the employee-only NFTs is a change of stance by the Nio, which previously said it was “not involved” in digital assets.
The EV maker gives its employees a brooch each year to mark the growth of the company, with the use of the NFTs accomplishing the tradition in an award-themed “Hello Norway” this year.
The inroads into NFTs happen amid China’s ban on crypto trading, with Nio’s brooch seen as a collectible for internal use.
NIO: NYSE is down -2.53%.
