Components 1 to Dive Deeper Into Crypto and NFTs

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The best class of car racing – Components 1 – filed two emblems associated to non-fungible tokens (NFTs) and cryptocurrencies for the Las Vegas Grand Prix occasion, scheduled for November 2023.

This isn’t Components 1’s first interplay with the digital asset sector. One of many main exchanges – CryptoCom – served as its International Accomplice, whereas different platforms, together with FTX, have inked agreements with a few of the best-performing groups.

  • As per the submitting revealed by Mike Kondoudis, Components 1 intends to supply digital items, together with digital clothes, sports activities gear, headphones, souvenirs, jewellery, digital artwork, and extra.
  • Providing foreign money buying and selling, cryptocurrency alternate companies, and carbon offset are additionally on the agenda.
  • The initiative is deliberate to go reside forward of the Las Vegas Grand Prix in November subsequent yr.
  • The competition shall be one of many few occasions to be held throughout the evening. The automobiles will cross via the very heart of the famend resort metropolis, whereas the dearth of sharp turns will enable drivers to succeed in a most pace of over 212 mph (340 km/h).
  • Components 1 has already established a relationship with the crypto world. In June final yr, the favored digital asset alternate – CryptoCom – grew to become the International Accomplice and Inaugural Accomplice of Components One’s new Dash collection for 2021.
  • Earlier this yr, each events inked one other settlement, turning the buying and selling venue into the Official Title Accomplice of the Miami Grand Prix.
  • FTX and Bybit have additionally partnered with Components 1. The previous collaborated with the Mercedes workforce to characteristic its brand on its automobiles, whereas the latter did the identical with the Crimson Bull racing squad.
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