Formula One Files Trademarks Related to NFTs and Crypto

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Alex Dovb­nya

For­mu­la One plans to release NFTs ahead of a 50-lap Grand Prix in Las Vegas that will take place Novem­ber 2023

Rac­ing behe­moth For­mu­la One has filed two trade­marks relat­ed to non-fun­gi­ble tokens and cryp­to for the Las Vegas Grand Prix event, which is expect­ed to take place in Novem­ber 2023.

As per the fil­ings, For­mu­la One plans to offer vir­tu­al goods in the form of sport­ing equip­ment, vir­tu­al cloth­ing, head­phones, lan­yards, sou­venirs, keyrings, dig­i­tal art, jew­el­ry, sculp­tures, and oth­er items.

It also intends to offer cryp­tocur­ren­cy exchange ser­vices, cur­ren­cy trad­ing, vir­tu­al cur­ren­cy ser­vices as well as car­bon offsets.

The street-based race will take place in the very cen­ter of Las Vegas. It will incor­po­rate a stretch of the neon-soaked strip, which is lined with upscale casi­no hotels, restau­rants, and a slew of attractions.

In May, For­mu­la One acquired a 39-acre site in the cen­ter of “Sin City” in order to build the pit and pad­dock complex.

Last June, British motor rac­ing team McLaren formed a part­ner­ship with blockchain project Tezos.



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