Mercedes F1 Ethereum NFTs brings an exciting physique
FTX’s Mercedes F1 Ethereum NFTs are about to bring the original car, and this development is bound to excite people.
Mercedes X FTX: A weekend in Miami
As the Miami Grand Prix draws to a close, Mercedes is set to launch its latest NFT collection, which will see some fans own parts of Lewis Hamilton’s or George Russell’s F1 cars.
Mercedes-AMG Petronas is partnering with FTX to launch NFTs in premium and free-to-claim auction formats.
At the upcoming Miami Grand Prix, two Ethereum NFTs will be added to the original wings of Mercedes drivers. Miami has cemented its position as one of the world’s crypto capitals, so it’s only natural that the opening of the inaugural Miami Grand Prix should have a crypto dimension to it.
Since the turn of the century, the Mercedes-AMG Petronas has been one of the most successful F1 companies. The racing arm of the self-propelled giant has experienced increased success over the past few years, winning a healthy amount of constructor championships and driver titles.
While Hamilton did not win the driver’s title last season, the Mercedes-AMG Petronas is undoubtedly at the top of the F1’s packing order. During this part, we will look at Mercedes’ partnership with FTX and how it could usher in a new dawn for the Sports NFT partnership and their physical presentations.
Mercedes-AMG Petronas x FTX
In September 2021, FTX and Mercedes-AMG Petronas entered into a long-term partnership. FTX will launch 1,000 free-to-claim limited edition NFT ticket stubs for the upcoming Race Weekend in Miami, which will translate to other races scheduled for this season.
Some races will have 2,500 free-to-claim limited edition NFT ticket stubs, and each race will have an attractive design specific to the NFT stub. FTX is exploring solutions for the company to add external functionality and utility to add value to holders and fans.
The pair’s plans for the inaugural Miami Grand Prix have become even more exciting as companies have worked with famed artist Mad Doug Jones to release 10 limited edition Ethereum NFTs that will be auctioned off. Of the ten limited edition NFTs, two will feature the NFT with the physical rear wing of the vehicle used to destroy the oncoming race.
Lu Franzela, VP of the FTX partnership, talks about the project and shares the following: “We really wanted to make it bigger in Miami and bring together industry, culture and Formula One.”
Additional information on participation
The auction bidding will open on May 6 – which will begin the day’s practice at the Miami Grand Prix and will last until May 13. A physical NFT gallery will be hosted during the event so that users can feel the works of art before, during the period, or after watching them glow across the track.
Avi Dabir, VT of Business Development at FTX, shared the following:
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