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Lamborghini-backed GT racing group to authenticate automobile components utilizing NFTs

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Vincenzo Sospiri Racing (VSR), a GT racing group 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 group will construct NFT certification for his or her race automobiles with Go2NFT and blockchain platform Skey Network. This will permit them to observe and make sure the high quality of the automobile components. He defined that:

“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.”

Apart from the automobile components, VSR can be seeking to develop the NFT certification program to official merchandise and its different merchandise as nicely. According to the group, it will give followers peace of thoughts when buying branded items.

Related: Animoca drives into crypto racing video games with newest acquisition

Boris Ejsymont, an government at Go2NFT, talked about that their group understands the challenges that manufacturers face in the case of defending their mental property, and so they consider that NFTs can present an answer. Ejsymont stated that:

“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 colliding nicely in 2022. Back in February, Formula 1 racing group Red Bull Racing scored a $150 million partnership with the crypto trade platform Bybit. In a Cointelegraph interview, Bybit founder Ben Zhou stated that the partnership allowed its group to succeed in people who find themselves new to the crypto area.

In March, partnered with automobile producer Aston Martin’s Formula 1 group. With the deal, the model’s F1 automobiles will showcase commercials of the trade. Jefferson Slack, an government at Aston Martin, famous that the transfer permits the automobile producer to grasp the crypto area extra.