Formula 1 Embraces Blockchain Technology with NFT Tickets on Polygon


The Alpha:

  • In a significant push toward the integration of blockchain technology into the realm of global sports events, Platinium Group, a primary ticket provider for Formula 1, is set to usher in a novel age of ticketing. The Monaco Grand Prix, held May 26-May 28, will serve as the launchpad for issuing NFT race tickets.
  • To achieve this, Platinium Group has partnered with Elemint, a renowned blockchain infrastructure corporation, and Bary, a leading Web3 firm. The tickets will be minted on Polygon.

Dive Deeper

The Monaco Grand Prix is widely considered one of the most prestigious and important automobile races in the world. It is one of the signature events of the Formula 1 calendar and has been held annually since 1929. Now, tradition is intertwining with innovation.

This pioneering move not only grants admission to the acclaimed race but offers an enduring utility to NFT ticket holders. Post-event benefits, such as hospitality privileges and future race discounts, are part of the package to inspire brand loyalty among…

Read more…