Lamborghini-backed GT racing team to authenticate car parts using NFTs

Vincenzo Sospiri Racing (VSR), a GT racing staff backed by Lamborghini’s motorsport division, has introduced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing automobile components.

In an announcement despatched to Cointelegraph, former racing champion Vincenzo Sospiri from the VSR talked about that their staff will construct NFT certification for his or her race vehicles with Go2NFT and blockchain platform Skey Community. This can enable them to observe and make sure the high quality of the automobile components. He defined that:

“This additionally brings nice accountability to make sure that we will securely authenticate and audit each a part of our racing fleet to observe efficiency and guarantee provenance.”

Aside from the automobile components, VSR can be trying to develop the NFT certification program to official merchandise and its different merchandise as effectively. Based on the staff, this may give followers peace of thoughts when buying branded items.

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Boris Ejsymont, an govt at Go2NFT, talked about that their staff understands the challenges that manufacturers face on the subject of defending their mental property, they usually imagine that NFTs can present an answer. Ejsymont mentioned that:

“We imagine that NFT utility might help create extra belief and transparency for manufacturers and their followers. This challenge with VSR is simply the beginning of many such co-operations for beloved manufacturers throughout the globe.”

The world of racing and crypto has been colliding effectively in 2022. Again in February, Method 1 racing staff Crimson Bull Racing scored a $150 million partnership with the crypto change platform Bybit. In a Cointelegraph interview, Bybit founder Ben Zhou mentioned that the partnership allowed its staff to achieve people who find themselves new to the crypto house.

In March, Crypto.com partnered with automobile producer Aston Martin’s Method 1 staff. With the deal, the model’s F1 vehicles will showcase commercials of the change. Jefferson Slack, an govt at Aston Martin, famous that the transfer permits the automobile producer to know the crypto house extra.