• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Lamborghini Backed Racing Team Adopts NFT Authentication For Car Parts

July 7, 2022
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Lamborghini Backed Racing Team Adopts NFT Authentication For Car Parts
0
SHARES
7
VIEWS
ShareShareShareShareShare

GT racing team Vincenzo Sospiri Racing (VSR) is partnering with NFT platform Go2NFT for a project that certifies racing car parts. The NFTs will aid in monitoring and ensuring car part quality, with the collaboration offering room to extend this technology to merchandising:

Sospiri Personally Endorses Pilot Scheme

Go2NFT’s pilot scheme will utilise NFT tech to authenticate factory parts, with racing champion Vincenzo Sospiri himself stating that VSR, Go2NFT, and the blockchain platform Skey Network will be building cars with verified provenance:

https://www.gettyimages.com.au/detail/news-photo/italian-driver-vincenzo-sospiri-sits-on-his-car-in-pit-row-news-photo/51659371

This also brings great responsibility to ensure that we can securely authenticate and audit every part of our racing fleet to monitor performance and ensure provenance.

Vincenzo Sospiri, VSR

Boris Ejsymont, chief business officer of Go2NFT, understands the challenges brands face in protecting their intellectual property, and says that NFTs offer a solution. For more information on the tech behind this project, check out Go2NFT’s video below:

NFTs Rev Up the Auto World

This isn’t Lamborghini’s first dip into NFTs. In August 2021, the company celebrated its founder, Ferruccio Lamborghini, with the launch of an NFT collection, a collaboration between the Ferruccio Lamborghini Museum and crypto art platform Elysium Bridge. Touted as a “one-time event”, the collection offered investors the chance to “own unique pieces of supercar history in an unprecedented NFT drop”.

But it’s not just performance cars that are experimenting with NFTs. Alfa Romeo’s latest SUV, the Tonale, enables customers to track and store its maintenance records. This, more practical, approach to documenting vehicle data will add much-needed transparency and efficiency to record-keeping.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

NFTs Hammered By Crypto Market Downturn, Sales Down 92% Since January High

Next Post

Ethereum price watch: only 17% of staked ETH in profit

Next Post
Ethereum price watch: only 17% of staked ETH in profit

Ethereum price watch: only 17% of staked ETH in profit

You might also like

Tron’s Stablecoin Supply Just Hit a Record $86.7 Billion: Is TRX Crypto About to Follow the Liquidity Higher?

Tron’s Stablecoin Supply Just Hit a Record $86.7 Billion: Is TRX Crypto About to Follow the Liquidity Higher?

April 23, 2026
Bitcoin Analyst Predicts Lowest Level Before Run To $200,000

Bitcoin Analyst Predicts Lowest Level Before Run To $200,000

April 22, 2026
XRP Ready For Next Bull Run? Here’s How This Analyst Arrived At $13 Target

XRP Ready For Next Bull Run? Here’s How This Analyst Arrived At $13 Target

April 26, 2026
Why A Surge to $3,400 Could Be The Beginning

Why A Surge to $3,400 Could Be The Beginning

April 27, 2026
EU Targets Russia’s Crypto Channels With Sweeping New Sanctions

EU Targets Russia’s Crypto Channels With Sweeping New Sanctions

April 28, 2026
Andreessen Horowitz to Raise $4.5B for Two New Crypto Funds

Stablecoins Shift from Speculation to Payments Infrastructure

April 24, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Here’s Where It Will Start And End

Here’s Where It Will Start And End

April 28, 2026
XRP Ledger Hits New RWA Milestone, But Will This Have Any Impact On The Price?

XRP Ledger Hits New RWA Milestone, But Will This Have Any Impact On The Price?

April 28, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.