MotorDAO aims to give fans a say in motorsport and provide a template for blockchain-enabled fan governance in the entire sports sector. Like many blockchain initiatives, MotoDAO plans to launch non-fungible tokens (NFTs). However, in addition to receiving a helmet NFT and racing perks, fans will get a voice in how to use the NFT money.
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The funds could be used to back young drivers or for a racing team, possibly a new NASCAR truck team. Last week, the project was unveiled by sports company Phoenicia and Kubelt, the web3 content company.
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