Formula 1 to Dive Deeper Into Crypto and NFTs

Formula One plans to introduce NFTs and virtual items ahead of the Las Vegas Grand Prix in November 2023. The highest class of automobile racing – Formula 1 – filed two trademarks related to non-fungible tokens (NFTs) and cryptocurrencies for the Las Vegas Grand Prix event, scheduled for November 2023. This is not Formula 1’s first interaction with the digital asset sector. One of the leading exchanges – CryptoCom – served as its Global Partner, while other platforms, including FTX, have inked agreements with some of the best-performing teams. The contest will be one of the few events to be held during the night.

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