In the wake of a dominant performance in the 2023 Formula 1 season, the Red Bull Formula 1 team has introduced an exclusive NFT collection on the Sui blockchain. The team’s press release on Friday revealed that fans would have a limited-time opportunity to mint these collectibles for free exclusively on Sui, the official blockchain partner of the team.
This NFT drop follows the remarkable achievements of Oracle Red Bull Racing in the 2023 Formula 1 season, where the team achieved unprecedented success. Setting a record for the highest number of championship points in a single season, leading the most laps, securing the Team’s inaugural one-two individual driver finish, and witnessing Max Verstappen, the driver, achieve the highest points tally ever in a single Formula 1 season.
Max Verstappen concluded the season with an outstanding 575 points, more than double his teammate Sergio Perez’s 285.
“After such an incredible and record-breaking season, we are excited to be working in close collaboration with our partners Sui and Bybit to offer fans a unique part of the Team’s history, with our celebratory digital memorabilia,” said Dan Mitchell, Senior Marketing Manager of Oracle Red Bull Racing. “It is important that we continue to engage and connect with fans around the world in new and innovative ways, and this collaboration takes this to the next level: giving our fans access to digital collectibles and virtual experiences.”
The NFT collection will feature distinctive artwork created by Automobilist, an award-winning design studio known for its artistic designs centered around various aspects of motorsport.
Red Bull’s NFT collection will be minted on Sui, the blockchain developed by Mysten Labs. This collaboration stems from a partnership formed earlier in the year between the Formula 1 racing team and Mysten Labs.
“The growth of web3 has changed how teams like Oracle Red Bull Racing connect with their fans,” said Evan Cheng, Co-Founder and Chief Executive Officer of Mysten Labs. “By minting these commemorative collectibles through zkLogin, not only can fans feel like they now own a piece of the team’s historic and record-breaking season, but Oracle Red Bull Racing can also directly offer their loyal fans exclusive rewards for supporting the team, all without the need to create a crypto wallet or loading it with funds via a third party.”
Fans will have the opportunity to acquire the NFTs for free from December 15 to December 19. Sui’s innovation allows users to securely access Web3 experiences using their existing social media credentials, and users minting the collectibles during this period will experience zero gas fees.
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