Looks like racing fans are about to get the NFT treatment. It comes as Formula oneThe world’s top racing league has filed patents for NFT and crypto-related projects.
The patents are apparently for projects that will be launched around the upcoming October 2023 Las Vegas Grand Prix event.
About delivery details
As official documents, Formula one It is looking to release a plethora of digital goods, especially computer programs related to headphones, clothing, wallets, and the like, as well as NFTs.
In the year In a filing on August 23, 2022, it was revealed that Formula One will offer financial services that include e-wallets and cryptocurrencies. It is not yet known what exactly this will entail.
Most sports-related NFTs will be collectible or some sort of fan access tool, but it’s too early to tell. Interestingly, the proposal also includes carbon credits and brokers Carbon offsets. Nowadays, it is common practice to offset the carbon emissions that NFT projects produce to make them more environmentally friendly.
Perhaps Formula One will be included in the new projects after they are announced. In any case, all the details will be announced in due course.
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Tokoni Uti has written extensively on blockchain and cryptocurrency over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.