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RIDE is the utility token of the holoride platform that sits at the heart of its NFT-powered content ecosystem, built on the Elrond Network. RIDE is designed to provide incentives for using holoride by providing additional benefits and enhanced user engagement.

“The RIDE token will be essential for building a vibrant and sustainable economy for the holoride ecosystem, connecting car manufacturers, content creators, brands, and passengers, and enabling them to capture value along the way.” said Nils Wollny, CEO & co-founder of holoride.

To achieve this ambitious vision, the RIDE token and the content economy will be implemented using the Elrond blockchain. Elrond is a technology ecosystem for the new internet. Its foundational layer is the Elrond internet-scale blockchain, a smart contracts execution platform ready to be integrated into any enterprise technology stack.