Oracle Red Bull Racing Taps Into NFTs With Tezos And Bybit

Recently, many international companies announced the adoption of NFTs, including Linktree or Instagram. Now, Oracle Red Bull Racing announced the launch of another series of digital collectibles with a one-of-a-kind auction during the Monaco Grand Prix, bringing fans even closer to the action. The auction has already started on May 26, so hurry up!

related: Linktree Joins The NFT Space

Red Bull, Monaco, Racing, And NFTs

Oracle Red Bull Racing NFTs will be minted on the Tezos blockchain and available for trading on Bybit’s NFT Marketplace, bringing together for the first time two of the team’s important partners. The second season of Oracle Red Bull Racing’s NFTs will bring fans closer to the team and its great experiences through a series of limited-edition digital relics, each representing a unique facet of Oracle Red Bull Racing’s past, present, and future. You can join the auction here.

“We’re really excited to be able to give fans a new, immersive and fun opportunity to get even closer to the Team by owning part of our history with some truly special pieces of team memorabilia,” stated Christian Horner OBE.

The energy-efficient Tezos blockchain will be used to mint each limited-edition piece from the team’s ever-expanding NFT collection. Tezos is a cutting-edge, open-source blockchain for assets and applications that harnesses the potential of blockchain in a safe, scalable, upgradeable, and long-term manner. In an exciting new step, principle team partner Bybit will publish the assets for the first time on its industry-leading NFT marketplace.

The latest Oracle Red Bull Racing digital collectibles will also be on display in the NFT marketplace. Bybit, the fastest-growing cryptocurrency exchange, was founded in March 2018 and now offers crypto traders an ultra-fast matching engine, unique online spot and derivatives trading services, mining and staking products, and multilingual community support.

About the Monaco Playseat NFT from Oracle Red Bull Racing

This event presents a unique Monaco Playseat 1/1 NFT. The NFT comes with a physical Esports gaming rig that is used by mates of Red Bull over the Monaco race weekend (starting 26/5). Oracle Red Bull Racing is going to work with the first winning bidder to ship them the Playseat, as well as a Fanatec Podium F1 wheel, wheel base and CSL Elite pedals. Only the first purchase holder of this NFT is entitled to the physical Playseat. If the NFT is re-listed for sale on Bybit or elsewhere, no physical Playseat can be redeemed with the NFT. The NFT utility does not transfer with secondary market sales.

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sources: redbullracing, coinworldstory, bybit

author: Rene Remsik

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.