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

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

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

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

Aside from the automotive components, VSR can be trying to broaden the NFT certification program to official merchandise and its different merchandise as effectively. In keeping with the crew, it will give followers peace of thoughts when buying branded items.

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Boris Ejsymont, an govt at Go2NFT, talked about that their crew understands the challenges that manufacturers face in terms of defending their mental property, they usually imagine that NFTs can present an answer. Ejsymont stated that:

“We imagine that NFT utility will 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, System 1 racing crew Pink 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 crew to succeed in people who find themselves new to the crypto area.

In March, Crypto.com partnered with automotive producer Aston Martin’s System 1 crew. With the deal, the model’s F1 automobiles will showcase commercials of the trade. Jefferson Slack, an govt at Aston Martin, famous that the transfer permits the automotive producer to grasp the crypto area extra.