Formula 1 NFT
Despite there being this buzz around ‘NFT’ these days people’s opinions are hugely divided
It has been impossible to ignore the explosion of NFTs around us right now, as each week a notable brand throws its hat into the ring regarding digital collectibles.
In the last few days, Ferrari declared in an earnings call that it is keeping an eye on the opportunities that could be open to it in the NFT marketplace.
Ferrari CEO Benedetto Vigna said: “For sure, the digital technologies, the Web 3.0 technologies that are using the blockchain and the NFT is an area that can be interesting for us. It deserves some attention.” [via Motor Sport]
While Ferrari may do something in the future, some F1 teams have already begun dipping their toes in.
Alfa Romeo, through its partnership with Socios, minted a strictly limited edition NFT to its fan token holders at last year’s Brazilian Grand Prix that triggered a spike in the team’s coin price. It has also released NFTs of signed memorabilia.
Mclaren has also been using the same company to launch a cars part McLaren Racing Collective, where fans can buy individual digital components to then build up their own full car if they want.
Divided opinion
Despite there being this buzz around non-fungible tokens, mention ‘NFT’ in a conversation these days and people’s opinions are hugely divided.
There are those who share the enthusiasm of the creators: who like the concept of unique digital collectible items, especially if there is a chance to flip it in the future and make some tidy profit on the way.
Then there are those who are skeptical of the entire concept. They cannot understand why NFTs hold any value when anyone can right click and ‘save to desktop’ and have the exact same digital image for free.
Max Verstappen reckons he wouldn’t have been able to do one more lap of last year’s Abu Dhabi Grand Prix due to a leg cramp after the final Formula 1 safety car restart.
In an interview published in The Guardian newspaper on Tuesday, Verstappen has revealed just how much he was suffering, and how it would have been hard for him to carry on if the race had run much longer.
“I was screaming on the radio [after he had won] but the whole lap my foot was going like that,” he said.
“It was completely done. One more lap and I couldn’t have finished the race like that. The stress levels were so high in the final lap that probably your body reacts to that. But you cannot give up.” [via Auto Sport]
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