NFT
Racing big Components One filed new logos associated to non-fungible tokens and cryptocurrencies.
As per one of many filings, it plans to supply software program to be used with cryptocurrency, digital collectibles and non-fungible tokens. This software program will even allow help for cryptocurrency cost and trade transactions.
One other submitting is expounded to retail retailer providers in digital items. Components One intends to create an internet market for patrons and sellers of the cryptocurrency.
It additionally plans to facilitate monetary transactions with the assistance of blockchain and even enterprise into cryptocurrency mining.
On prime of that, Components One might probably provide leisure providers utilizing digital items reminiscent of non-fungible tokens in on-line digital worlds and mixed-reality environments.
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One of many filings consists of mental property licensing providers associated to cryptocurrencies.
In late August, it additionally filed NFT-related logos for the upcoming Las Vegas Grand Prix occasion, which is slated to happen in November 2023.
Final June, British motor racing group McLaren introduced a partnership with Tezos, one of the outstanding blockchain tasks. This February, Shiba Inu rival Floki Inu joined the listing of cryptocurrencies forming motor racing collaborations by inking a cope with Alfa Romeo F1. In April, main cryptocurrency FTX joined forces with F1 group Mercedes-AMG Petronas.
Nonetheless, regulators aren’t notably keen on such offers. In April, some Components 1 groups have been requested to ditch cryptocurrency-related branding with a view to adjust to native promoting guidelines through the French Grand Prix.