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How NFTs are penetrating Formula 1
The world of Formula 1 is often at the forefront of technology evolution. The cars and engineering required to put on spectacular races always push the boundaries and seek ways to innovate and develop. Whether it is within the field of aerodynamics, mechanics or even driver fitness, there's an expectation that each season brings evolution that sets standards across the industry and even perhaps impacts other sports. Therefore, there's little surprise to see Formula 1 embracing a wider technological development, namely NFTs. An NFT is a non-fungible token, which is essentially something you can buy that has no physical form. Backed by blockchain, it is a digital asset that is yours but has...
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2y ago from Formula1News.co.uk
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