Formula One has recently announced the release of NFTs ahead of the 50-lap Grand Prix which is scheduled to take place in 2023. Formula One has registered two trademarks for non-fungible tokens and digital currency. Formula One has filed 2 trademarks for LAS VEGAS STRIP CIRCUIT claiming plans for:▶️NFTs▶️Cryptocurrency▶️Insurance + financial services▶️Virtual clothing + sports gear ▶️Currency trading + Virtual currency services…and more!#NFTs #Metaverse #Crypto #Web3 #F1 #LasVegas pic.twitter.com/AfMj6R19TW — Mike Kondoudis (@KondoudisLaw) August 29, 2022 Formula One Will Sell Virtual Goods According to the filings, Formula One intends to sell virtual goods, including digital art, jewellery, sculptures, headphones, lanyards, keychains, souvenirs, and sporting goods. Additionally, it plans to provide services for trading in fiat currencies, virtual currencies, and carbon offsets. The street race will happen right in the middle of Las Vegas. It will include a section of the neon-lit strip surrounded by posh casino hotels, eateries, and a variety of entertainment. Formula One purchased a 39-acre plot of land in “Sin City” in May to construct the pit and paddock complex. McLaren Formula 1 team Collaborated With Tezos British racing team McLaren and blockchain initiative Tezos partnered in June last year. The Tezos DLT platform and the McLaren Racing Formula 1 team have established a strategic tech partnership. To give its supporte...
