Formula 1 Dives Deeper into NFTs and Crypto

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Formula 1 Dives Deeper into NFTs and Crypto
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.F1 plans to offer retail stores for virtual goods

One of the filings includes intellectual property licensing services related to cryptocurrencies.

In late August, it also filed NFT-related trademarks for the upcoming Las Vegas Grand Prix event, which is slated to take place in November 2023. Last June, British motor racing team McLaren announced a partnership with Tezos, one of the most prominent blockchain projects. This February, Shiba Inu rival Floki Inu joined the list of cryptocurrencies forming motor racing collaborations by inking a deal with Alfa Romeo F1. In April, leading cryptocurrencyHowever, regulators are not particularly fond of such deals.

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