Revolutionary NFT Tickets for Monaco Grand Prix Offers Fans Unique Benefits

Revolutionary NFT Tickets for Monaco Grand Prix Offers Fans Unique Benefits

Platinium Group is releasing NFT race tickets for the Monaco Grand Prix on Ethereum sidechain Polygon with future loyalty benefits for collectors, according to a press release.

The Non-Fungible Token (NFTs), debuting this weekend at the Monaco Grand Prix, offer collectors access to the race likewise as future loyalty advantages.

Platinium Group, the leading ticket issuer for Formula 1, is releasing non-fungible crypto token (NFT) race tickets – beginning with the Monaco Grand Prix this weekend.

Platinium Group has teamed up with blockchain tech infrastructure company Elemint and Web 3.0 agency Bary to assist create, mint and sell the Non-Fungible Token (NFT) tickets.

Reports by a news release, the tickets will be minted on Ethereum (ETH) sidechain Polygon. Not only will the Non-Fungible Token (NFTs) provide access to the race, but they will continue to provide utility to holders after the event, such as hospitality advantages and future race discounts to promote   collectors to stay loyal to the brand.

NEO Surges 14% in Past Week, Heres Why AI Integration is Making Waves

Elie Zerbib, Co- Founder of Bary informed CoinDesk that Non-Fungible Token (NFTs) in the form of tickets offer buyers transparency, traceability, seamless digital ticketing, personalization and engagement. Nonetheless, for a sport that has amassed fans from all over the world, easy onboarding is an essential tenet.

“By supplying a completely seamless experience on the main website, the user doesn’t must have any Web 3.0 knowledge to buy the Non-Fungible Token (NFT) ticket,” stated Zerbib. “We make users understand the advantages that come with this new form of ticketing and onboard them on a journey that will change their F1 experience.”

Jacques-Henri Eyraud, CEO of Elemint stated in a news release that leveraging blockchain tech for event ticketing will extend far beyond F1 and into the greater world of sports and entertainment.

Why Investors are Flocking to Degrain (DGRN) While OG Coins Polkadot (DOT) and Litecoin (LTC) Struggle

“ Web 3.0 technologies make it possible to design ticketing solutions that are more safe and more adapted to the specificity of each event,” stated Eyraud. “The experience becomes more personalized and fun for fans of all types of sports competitions.”

For the Monaco Grand Prix, certain Non-Fungible Token (NFT) holders could be offered tickets to the most exclusive party of the event, reports by Zerbib.

In the past two years, plenty of cryptocurrency corporations have flocked to Formula 1 for sponsorship deals, driven by the worldwide brand’s capacity to provides exposure to the emerging industry. In June 2021, digital investment exchange penned a partnership with Formula 1 to display its branding on the track throughout the rest of the season. In March, digital investment brokerage Kraken signed a sponsorship deal with the Williams Racing team.

Temasek Holdings Takes Action: Compensation Cut After $275 Million FTX Investment Failure

Toby Leah Bochan.


Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Follow us

Latest Crypto News

Share via
Share via
Send this to a friend