Oracle Red Bull Racing is launching its second non-fungible token (NFT) collection at the Monaco Grand Prix.
Following on from their first ever NFT drop at the Miami Grand Prix, the team will mint their latest collection of digital memorabilia on the Tezos blockchain, available on Bybit’s NFT marketplace.
Oracle Red Bull Racing’s second NFT launch will connect fans to the team and its memorable moments, revisiting their past, present and future.
Oracle Red Bull Racing Team Principal and CEO Christian Horner said: “The second season of our highly-prized digital collectibles continues our mission to put at the heart of Oracle Red Bull Racing – on track, in the garage and at the factory.”
“Each limited-edition piece showcases a moment in time for the team in stunning detail and they are designed to immerse fans in our world, in our quest for victory and in great moments from the team’s history.”
He continued: “It’s therefore fitting that we are launching the latest collection here in Monaco. Thanks to our cutting-edge partnerships with Bybit and Tezos, pioneers in the exciting digital asset space, we can bring limited edition pieces of future F1 heritage to our fans around the world in an immersive, accessible and affordable way.”
To mark the occasion, a one-off Monaco-edition Playseat simulator rig will be on display while the NFT auction is underway. The highest bidder will receive both a digital version of the one-off seat and rights to claim the actual Playseat from the Monaco Energy Station.
The 1 of 1 Playseat Auction, in association with Bybit and Tezos, will start at 6am UK time on 26 May and will end at 11:59pm UK time on 31 May.
Bidding will be hosted on the Bybit NFT Marketplace (https://go.bybit.com/e/eoEuhjZalqb) and bidders must bid at least 5% more than the current highest bid.
The revenue from the Playseat will be given to Wings For Life, a non-profit spinal cord research foundation that aims to find a cure for spinal cord injury.
Meanwhile, Oracle Red Bull Racing’s unique NFT collection will, for the first time, be listed by Bybit on its industry-leading NFT marketplace.
Bybit Co-Founder and CEO Ben Zhou said: “Bybit’s partnership with Oracle Red Bull Racing marks another milestone towards Bybit’s vision to bringing the metaverse to global communities, reinventing and enriching the fan experience.”
“We look forward to using Bybit’s innovative technologies to bring Oracle Red Bull Racing fans from all across the world closer to the team with this initiative.”
Bybit was established in March 2018 and is currently one of the fastest-growing cryptocurrency exchanges.
They offer crypto traders an ultra-fast matching engine, innovative online spot and derivatives trading services, mining and staking products as well as multilingual community support.
The collaboration marks a new journey for Oracle Red Bull Racing, Tezos and Bybit, who have propelled the thrills of Formula 1 into the realm of digital collectibles, NFTs and Web3.