Lamborghini-backed GT racing team to authenticate car parts using NFTs

Lamborghini-backed GT racing team to authenticate car parts using NFTs

Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport division, has introduced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts.

In an announcement despatched to Cointelegraph, former racing champion Vincenzo Sospiri from the VSR talked about that their team will construct NFT certification for his or her race vehicles with Go2NFT and blockchain platform Skey Network. This will enable them to monitor and make sure the high quality of the car parts. He defined that:

“This also brings great responsibility to ensure that we can securely authenticate and audit every part of our racing fleet to monitor performance and ensure provenance.”

Apart from the car parts, VSR can be trying to broaden the NFT certification program to official merchandise and its different merchandise as effectively. According to the team, this can give followers peace of thoughts when buying branded items.

Related: Animoca drives into crypto racing video games with newest acquisition

Boris Ejsymont, an government at Go2NFT, talked about that their team understands the challenges that manufacturers face when it comes to defending their mental property, they usually consider that NFTs can present an answer. Ejsymont stated that:

“We believe that NFT utility can help create more trust and transparency for brands and their fans. This project with VSR is just the start of many such co-operations for beloved brands across the globe.”

The world of racing and crypto has been colliding effectively in 2022. Back in February, Formula 1 racing team Red Bull Racing scored a $150 million partnership with the crypto change platform Bybit. In a Cointelegraph interview, Bybit founder Ben Zhou stated that the partnership allowed its team to attain people who find themselves new to the crypto house.

In March, Crypto.com partnered with car producer Aston Martin’s Formula 1 team. With the deal, the model’s F1 vehicles will showcase ads of the change. Jefferson Slack, an government at Aston Martin, famous that the transfer permits the car producer to perceive the crypto house extra.

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