March 24, 2023

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A GT racing group – Vicenzo Sospiri Racing (VSR) – which is backed on the behalf of the motorsport department of Lamborghini, has declared its collaboration with Go2NFT (a non-fungible token venue) to introduce a program for the certification of the components of the racing cars.

In a declaration, one of Vincenzo Sospiri’s ex-racing champions stated that the group thereof will develop NFT validation for the race cars thereof with Skey Network (a blockchain venue) and Go2NFT. In this way, they will be permitted to keep an eye on and guarantee the car components’ quality. He elaborated that this additionally provides a great extent of responsibility to confirm that they can strongly audit and authenticate each part of the racing fleet thereof to observe the performance along with ensuring the provenance.

In addition to the car components, VSR is moving toward having an expansion into its program for NFT validation to turn it into formal merchandise. In the words of the group, this will provide comfort to the fans while buying the branded products. A Go2NFT executive disclosed that the group thereof comprehends the trials that are undergone by the brands in the case of the protection of the intellectual property thereof, and they consider that a solution can be provided by the NFTs.

The executive moved on to say that they are confident about the assistive role of the NFT utility in the enhancement of the transparency as well as trust for brands as well as the fans. The respective contract with VSR only provides a starting point for several such collaborations with famous brands throughout the world. The crypto, as well as racing sectors, have been in a close and good relationship during the present year.

Formerly in February, a partnership of up to $150M was carried out by Red Bull Racing (a racing group of Formula 1) with the Bybit (a noteworthy venue for crypto exchange). Ben Zhou revealed, while appearing in an interview, that the respective collaboration permitted the group thereof in getting to the newly entering people in the crypto sector. In March 2022, a partnership was initiated between and the Formula 2 group of Aston Martin (a car manufacturer). With the very contract, the F1 cars of the brand will present the exchange’s advertisements.

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