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NFT News

Oracle Red Bull Racing Unveils Monaco Playseat NFT on Tezos

The NFT is launched by the racing arm of Red Bull called Oracle Red Bull Racing and will be sold via an auction.

Written By Stuti Mansata Stuti Mansata
Published 2022-05-30·Updated 2 years ago
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Last updated: December 14, 2024 1:06 AM
Published 2022-05-30
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Last updated: December 14, 2024 1:06 AM
Published 2022-05-30
Oracle Red Bull Racing Unveils Monaco Playseat NFT on Tezos

The Oracle Red Bull Racing recently announced the launch of its second 1/1 Monaco Playseat NFT collection, in partnership with ByBit and Tezos.

According to the press release, “The second season of Oracle Red Bull Racing’s NFTs will connect fans to the Team and its memorable moments through a series of limited-edition pieces of digital memorabilia, each marking an exclusive aspect of Oracle Red Bull Racing’s past, present, and future.”

The collection is made up of an exclusive Monaco Playseat 1/1 NFT. The NFT comes with a physical Playseat ESports gaming rig, as well as a Fanatec Podium F1 wheel, wheel base and CSL Elite pedals.

The NFT is being sold via an auction, with only the first purchase holder of the NFT entitled to the physical Playseat. The subsequent re-selling on the secondary market does not include the utilities.

The bidding started on May 26 at $600 and is currently at $918.54. The bidding will end on May 31. 

The NFT is minted on the Tezos blockchain and can only be brought with XTZ tokens. The NFTs are listed on ByBit.

Read Also: ByBit Joins F1’s Oracle Red Bull as The Principal Title Partner

“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, the CEO and Team Principal.

The NFT was dropped during the finals of the Monaco Grand Prix, with the Red Bull racer Sergio Perez taking the cup home.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Stuti Mansata - The Crypto Times' Former Content Writer
By Stuti Mansata
Living by the phrase 'as above, so below', Stuti Mansata is an IT Engineer and an ardent lover of words with a knack for finance and everything crypto.

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