News Report
May 29, 2022

Red Bull Racing is auctioning off a limited-edition NFT for the Monaco Grand Prix

Red Bull Racing

Red Bull Racing is holding an NFT auction for the Grand Prix weekend in Monaco, the second NFT drop for the F1 event. The highest bidder will receive a digital version of the driving simulator “Oracle Red Bull Racing Monaco Playseat” and the right to claim the real one from the Monaco Energy Station, along with other physical items.  

The one-of-a-kind NFT also comes with a physical Esports rig used during the racing event in Monaco, Fanatec Podium F1 wheel, wheelbase, and CSL Elite pedals. The auction began on Thursday, May 26, and will end on Tuesday, May 31, with the NFT listed on the Bybit NFT marketplace minted on the Tezos blockchain. So far, there have been two bidders, and the highest offer is 350,000 XTZ, or approximately $640.50.

“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. 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,” said Christian Horner, Principal of Red Bull Racing. 

Last November, Red Bull Racing partnered with Tezos to launch a collection of F1-inspired NFTs for the Mexican Grand Prix and local racer Sergio ‘Checo’ Perez. Sergio was Red Bull’s first racer to appear in an NFT collection. The drop included 1,000 unique NFTs representing the Mexican track, the Red Bull Honda Racing team, and Sergio’s F1 car.

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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