F1 juggernauts Mercedes-AMG Petronas have partnered up with FTX to launch a three-part NFT idea that’ll be used to fans throughout the staying races of the 2022 season. The initiative will be started at the inaugural Miami Grand Prix, which happens across the weekend of May 7th-8th.
The very first element of the ‘Mercedes-AMG Petronas x NFTs’ concept is the distribution of free-to-claim ‘Ticket Stubs’ NFTs, which are artistic and digital interpretations of Mercedes F1 race tickets. There will be 2,500 NFT Ticket Stubs devoted to each of the season’s races, which will each be randomly distributed to fans who register their interest in the effort.
The second NFT offering, which is basically an extension of the very first, is the distribution of 1,000 limited edition (but still free) Ticket Stubs at five races across the season’s calendar. In announcing the principle, Mercedes F1 also confirmed that the upcoming Miami Grand Prix is one of the selected races, with the four other staying races being kept under wraps for now.
The 3rd type of NFT on offer deviates from the collection’s free-of-charge principles, as each of the exclusive 10 properties can just be gotten by means of auction on the FTX United States NFT marketplace. With the Miami Grand Prix being one of them, this NFT instalment sees multi-disciplinary artist Mad Pet Jones curate 2 unique NFT artworks to go alongside five chosen races.
In the Miami edition, the NFT art work will include the vehicles driven by the group’s motorists Lewis Hamilton and George Russell, along with physical, Mad Pet dog Jones-designed rear wing plates which will be used on the automobile race day. The NFTs, which Mercedes F1 have described as ‘the first ever opportunity to own a piece of both physical and digital motorsport history,’ will go up for auction on May sixth on the FTX NFT marketplace.
In addition, and for those believing that the group had ignored the season opening races in Bahrain, Saudi Arabia, Australia, and Imola (perhaps because of their disappointing efficiencies), Ticket Stub NFTs for these events will also be rolled out at the Miami Grand Prix, implying in overall, the weekend will be distributing 13,500 free NFTs, and 2 auctioned NFTs.
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