Categories: Payment system news

Popular F1 Team McLaren Racing Launches NFTs Platform on Tezos

British motor racing team, McLaren Racing, has recently announced the launch of its non-fungible tokens (NFTs) platform, where fans and digital art collectors can purchase its digital collectibles. The new endeavor will be built on the popular Tezos blockchain.

McLaren Joins the NFT Craze

According to a press release shared with CryptoPotato, the NFT platform, which is dubbed “McLaren Racing Collective,” will serve as a way for the team’s fans and other enthusiasts “to own a piece” of the motor racing giant.

The first NFT drop will feature different digital parts of the MCL35M 2021 Formula 1 race car built from the official McLaren Racing CAD, which fans and collectors can purchase.

Commenting on the launch, Lindsey Eckhouse, Director, Licensing, eCommerce and eSports, McLaren Racing, said,

“We are excited to launch McLaren Racing Collective, which allows us to engage our fans in an innovative new space. Through NFTs built on the energy-efficient Tezos blockchain, we are creating new ways to evolve our fan experience, and a bespoke McLaren Racing digital collectible marketplace provides people with a brand new way to connect with our team.”

To mark the launch of the Mclaren Racing Collectibles platform, the team has decided to gift the first digital part of the MCL35M race car to the first 5,000 fans who join the platform.

Subsequently, collectors can purchase the remaining parts until they get all 22 components needed to assemble the digital model of the race car.

McLaren Racing plans to release the digital collectibles in five stages, with each phase consisting of four different parts. The initial drop will be available on Sunday, October 24.

Interestingly, the first collector to fully assemble the digital model of the MCL35M race car will be privileged to go on a VIP trip to a 2022 Formula 1 Grand Prix.

McLaren NFTs Will List on Sweet

To support eco-friendly crypto projects while providing users with the best digital collecting experience, the McLaren Racing Collective platform is built on the energy-efficient blockchain network, Tezos, which was integrated into the leading enterprise NFT solutions provider, Sweet, earlier today.

This means that with the release of McLaren’s digital collectibles, the team will join the list of top Sweet partners across the globe.

McLaren also noted that the MCL35M collectibles drop will be the first of many such events and campaigns, as it looks to integrate the NFT marketplace into its long-term fan engagement strategy.

superadmin

Recent Posts

Crypto’s Next Two Years Should Be About Survival, Not Competition: Vitalik Buterin

Ethereum co-founder Vitalik Buterin has warned crypto executives to switch focus to collective security and…

1 day ago

Binance’s CZ Says Banks May Be More Vulnerable To Hacks Than Crypto Exchanges

Binance founder Changpeng Zhao warned in a recent interview with CoinDesk that traditional banks may…

1 day ago

RLUSD Is Not Coming for XRP: Garlinghouse Clarifies Ripple’s Bigger XRPL Vision as Trader Spots Setup Behind 71% Price Explosion

Ripple CEO Bradley Garlinghouse is pushing back against the idea that the company’s growing RLUSD…

1 day ago

Wall Street’s Stunning Post-Election Rebound Puts Bitcoin and Crypto Markets in Focus

Wall Street staged a sharp recovery following the U.S. midterm elections, reversing earlier losses as…

1 day ago

ADA Advancing Regulated Asset Tokenization as Brazil’s Petrobras Brings Sustainable Aviation Fuel Certificates to Cardano

ADA continues to gain popularity in tokenized real-world assets and institutional blockchain adoption. Petrobras’ move…

2 days ago