Formula one has filled two trademarks related to non-fungible tokens and crypto. This is the latest coming from the street-based race sporting event about the crypto industry.
The formula one NFTs are planned for the Las Vegas Grand Prix event is expected to take place in November 2023.
As per the filings, Formula One plans to offer virtual goods in the form of sporting equipment, virtual clothing, headphones, lanyards, souvenirs, keyrings, digital art, jewelry, sculptures, and other items. It also intends to offer cryptocurrency exchange services, currency trading, virtual currency services as well as carbon offsets.
The street-based race will take place in the very center of Las Vegas. It will incorporate a stretch of the neon-soaked strip, which is lined with upscale casino hotels, restaurants, and a slew of attractions. The track is said to be 3.8 miles long, with top speeds reaching a whopping 212 mph.
This is the latest crypto-related news from Formula one. Some of the industry’s big names like McLaren, F1 team Mercedes-AMG Petronas, and so on have had partnerships with crypto projects.