How Crypto Continues to Revolutionise the Racing Industry

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Are you one of those who have a keen interest in how crypto is changing things in the motorcycling industry?

If you are, then you are just in the right place. Ever since crypto came to the scene in the 2010s, many industries have opened up to this intriguing technology. But what do things look like in the motorcycling industry?

In other sectors like supply chain management, companies use blockchain, the technology behind crypto, to automate various supply chain processes like procurement and compliance. As if that is not enough, governments are also using this technology to store citizen information and create systems where citizens can easily access needs like social security and medical services.

This program, which involved the partnership of MotoGP Guru, Gresini Racing and SPORTPASS, sought to move the exclusive power of sponsorship from corporates to the fan base. According to Graeme Warring, founder of WePlay Media, such partnerships were necessary to transform professional sports as they allow fans to participate actively in the sports they love.with team members.

The team's collectibles site ensures you can use NFTs to access exclusives like tickets to upcoming races and so much more. McLaren, through Matt Dennington, its Executive Director, has expressed its commitment to strengthen its relationship with OKX as this will help the team attain its goals of maximum use of Web 3 technology.Binance landed in Formula 1 in 2022 for the first time after the company, alongside BWT Alpine, agreed to the deal.

 

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