Lamborghini-backed GT racing team to authenticate car parts using NFTs
Former racing winner Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts.
Vincenzo Sospiri Racing a GT racing team supported by Lamborghini's motorsport department has revealed its collaboration with Nonfungible token platform Go2NFT to launch a program that certifies racing car parts.
Former racing champion Vincenzo Sospiri from the VSR said that their team will build NFT certification for their race cars with Go2NFT and blockchain platform Skey Network this will allow them to monitor and ensure the quality of the car parts he stated:
“This also brings great responsibility to ensure that we can securely authenticate and audit every part of our racing fleet to monitor performance and ensure provenance.”
VSR is also looking to expand the NFT certification program to authorized merchandise and its other products as well. According to the team will give fans peace of mind when buying branded goods.
Boris Ejsymount an executive at Go2NFT noted that their team understands the challenges that brands face when it comes to protecting their intellectual property and they believe that NFTs can provide a solution Ejsymount said:
“We believe that NFT utility can help create more trust and transparency for brands and their fans. This project with VSR is just the start of many such co-operations for beloved brands across the globe.”
The world of racing and crypto has been hitting well in 2022 back in Feb, Formula 1 racing team Red bull racing achieved a $150 million partnership with the crypto exchange platform Bybit. Ben Zhou founder of Bybit said that the partnership allowed its team to reach people who are new to the crypto space.