NFT

Kraken gives fans chance to put NFT on an F1 racecar at Austin Grand Prix

Kraken revved up the following part of its plan to stir engagement and increase its buyer base by way of its partnership with Williams Racing’s Formulation 1 group, this time by providing contestants the possibility to select what NFT seems on racecars competing within the upcoming U.S. Grand Prix.

The crypto trade took to Twitter to announce the sweepstakes forward of the race set to begin in lower than three months. “Wish to see your favourite NFT at 200+ mph in entrance of thousands and thousands of racing followers?” Kraken requested in a put up.

Winners of the competition will be capable to select to have their favourite PFP seem on one in every of two Williams Racing vehicles competing within the U.S. occasion scheduled for for October 22 in Austin, Texas.

KrakenNFT customer-owned digital collectibles

Earlier this 12 months, Kraken introduced plans to “showcase KrakenNFT customer-owned digital collectibles” on its vehicles all through the F1 season. Different crypto corporations to have beforehand partnered with F1 groups have included FTX and Mysten Labs.

Though the regulatory panorama for cryptocurrency exchanges within the U.S. stays murky, Kraken hopes its promotional efforts will assist efforts to broaden on current features and nab extra clients within the U.S. Final month, the corporate mentioned its share of U.S. buying and selling volumes had greater than doubled in the course of the earlier 18 months.

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