Red Bull F1 Completes Limited-Edition NFT Collection

Formula One racing workforce Red Bull Racing Honda has launched the most recent of its inaugural NFT assortment. Continuing the theme of the 2021 Mexican Grand Prix in addition to F1 driver Sergio “Checo” Perez, the corporate is providing followers the chance to buy a restricted version NFT of the 2021 ‘RB16B’ in his signature livery.

First revealed a number of days in the past with the announcement of the ‘Red Bull Racing Collectibles’ collection, Checo’s RB16B charger is the most recent and final NFT to be added to Red Bull Racing Honda’s first-ever experiment within the NFT collectibles area.

This assortment is a part of a partnership with Tezos, and it’s billed as a celebration of the 2021 Mexican Grand Prix, and particularly star racer Sergio “Checo” Perez. Other Mexican Grand Prix 2021 themed NFTs within the assortment aside from the RB16B embrace Checo’s race swimsuit and helmet, along with the race swimsuit of fellow Red Bull racer Max Verstappen.

Checo’s special edition helmet NFT was launched totally free to early-bird followers as a part of a giveaway, nevertheless bought out virtually instantly. Sergio “Checo” Perez might be greatest recognized for 

The rise of F1 racing NFTs

Red Bull initially introduced Tezos as its official blockchain accomplice again in May with a multi-year settlement that will see the businesses working collectively to provide Red Bull’s first-ever NFT fan expertise. The settlement additionally noticed Red Bull including the Tezos branding to its official liveries, however it’s solely now that we have now begun to see tangible outcomes.

They aren’t the primary F1 workforce to launch their very own NFTs both, with McLaren additionally partnering with Tezos in June to launch its first NFT assortment, which was launched on Tezos blockchain in October this yr. The ‘McLaren Racing Collective’ permits followers to gather parts of the MCL35M 2021 Formula One Race Car.

Both Red Bull and McLaren’s NFT collections can be found via the Sweet NFT platform, which added assist for Tezos simply final month.

Tezos and NFTs

Launched in 2018, Tezos is an open-source blockchain that may be utilized for constructing functions that make use of sensible contracts and gives builders with a substitute for Ethereum.

Tezos launched assist for the minting of NFTs on its blockchain platform comparatively lately and, while its utilization pales compared to Ethereum, has rapidly established itself as a notable runner-up. This is, partly, due to partnerships with established manufacturers equivalent to McLaren and Red Bull, which have helped to spur larger ranges of adoption.

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