Crimson Bull Racing is turning into the most recent System One (F1) to get in on the crypto house. As they forge a brand new partnership with blockchain community Tezos, they’ve additionally introduced a brand new assortment of NFTs.
Amid the 2021 Monaco Grand Prix, Crimson Bull revealed their collaboration with Tezos. Stories point out that the community has turn out to be the crew’s official blockchain associate. Inside this multi-year partnership, Tezos goals to assist create F1’s first ever NFT fan expertise.
The immersive expertise is deliberate to offer a brand new type of engagement for followers who’ve been unable to attend the Grand Prix because of the ongoing COVID-19 pandemic.
In keeping with the Crimson Bull Racing web site, the NFTs shall be completely obtainable on the Tezos blockchain, which they describe as “pioneering and vitality environment friendly.” Tezos’ design and method in direction of securing its community permits it to function cleanly, minimizing its vitality consumption and carbon footprint in doing so. Tezos representatives quoted Crimson Bull on Twitter in saying that:
“The core technical options of efficiency and vitality environment friendly design, that are crucial parts for the Staff each on and off monitor, proved key in Redbull racing choice of Tezos.”
System One’s different crypto ties
This partnership is F1’s newest foray into the crypto house. On Might 20, studies acknowledged that two F1 groups, Aston Martin and Alfa Romeo, could be the primary to launch their very own cryptocurrency tokens.
In each circumstances, followers should purchase the tokens on the Socios.com platform. Whereas the primary inside F1 to make such a launch, Aston Martin and Alfa Romeo be a part of the ranks of different European sports activities groups doing the identical. FC Barca, Manchester Metropolis, Paris Saint-Germain, and AC Milan have additionally launched fan tokens this yr.
It’s not Aston Martin’s solely crypto-related collaboration in 2021. Aston Martin Cognizant introduced its partnership with fashionable change app Crypto.com again in March. This was to commemorate their return to F1 after an absence of 60 years.
They too launched a set of NFTs, lots of that are nonetheless up for public sale. The gathering included minted variations of the inaugural runs of F1 stars Lance Stroll and Sebastian Vettel.
Crypto.com has been making its manner by way of the sporting sector on a world scale this yr. Its partnership with Aston Martin was just the start for the Hong Kong-based firm. Two weeks after saying its collaboration with the F1 crew, Crypto.com revealed one other partnership with NHL crew The Montreal Canadiens.
They’ve subsequently made different sponsorship offers with the Italian soccer league Coppa Italia and the Worldwide Ice Hockey Federation. Each of those offers are additionally tied to NFT releases.
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