The Mercedes AMG Petronas F1 team is about to launch a non-fungible token (NFT) collection with its cryptocurrency exchange partner FTX US. The designs will be race-inspired and created by a series of artists throughout the 2022 race calendar starting May 6.
The collection will be divided into two categories, free ‘ticket stubs’ collectibles for each race and others that will be auctioned. For the ticket stubs, most races will have 2,500 free NFTs, but five races will be limited to 1,000 digital assets. Given the season has already started, NFTs for past races will be randomly allocated on May 6.
Apart from the ticket stubs, the project will also manage some NFT auctions in conjunction with physical items. In the upcoming Miami race, Mercedes drivers Lewis Hamilton and George Russell’s car rear wing endplates will feature the artwork of the first collaborative artist of the series, Mad Dog. The rear wings will be auctioned alongside the NFT artworks on the FTX US marketplace.
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