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It looks like racing fans are going to get the NFT treatment. formula oneThe world’s top racing league, has filed patents for NFT and crypto-related projects.
The filed patent appears to relate to a project that is expected to commence around the Las Vegas Grand Prix event scheduled for October 2023.
According to the official document, formula one aims to release a large number of digital goods, specifically computer programs and NFTs related to headphones, clothing, wallets, etc.
A filing dated 23 August 2022 revealed that F1 will also offer financial services, including e-wallets and cryptocurrencies. We don’t know yet what will happen next.
Most sports-related NFTs tend to be collectibles or some kind of fan access tool, but it’s too early to tell. Curiously, the filing also included the brokerage of carbon credits. carbon offsetRecently, it has become common to offset the carbon emissions that NFT projects generate to make them more environmentally friendly.
Perhaps F1 will incorporate this into the new project once it is announced.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
