Formula 1’s McLaren launches new tradable NFTs on new marketplace

McLaren is one of the main teams in Formula 1 and the 2n/a the most successful F1 team of all time, behind Ferrari.

The car first entered Formula 1 at the Monaco Grand Prix in 1966. With 183 race wins, famed McLaren F1 drivers have included Lewis Hamilton, who gave McLaren its first Drivers’ Championship in 2008. 2008, the team had last won the Drivers’ Championship in 1999.

In 1998 and 1999, Mika Hakinnen won back-to-back championships. Before that, it was the late Ayrton Senna, Alain Prost and the late Niki Lauda who dominated the sport with McLaren.

Team accolades include 12 Drivers’ Championships and 8 Manufacturers’ Championships. Daniel Ricardo and Lando Norris are currently the team’s pilots.

McLaren NFT 2021 drop

In 2021, the “McLaren Racing Collective” book fans a tempting proposition. Collect 22 digital 3D images to build an MCL35M F1 car.

An avid McLaren fan has managed to source all 22 digital components to build a 3D 35M F1 McLaren collectible. The McLaren Racing Collective platform is built on the Tezos (XTZ) blockchain.

McLaren and Sweet unite for the 2022 NFT Drop

This week the McLaren Racing Collective dropped a new NFT. McLaren fans can now get new digital components to build a McLaren F1 car. Unlike the last NFT drop, however, fans can trade coins on a user-to-user NFT marketplace.

McLaren uses the Sweet NFT marketplace to allow users to trade digital car components. Previously, users had to understand how to open an account, fund and transact in the NFT market. On the Sweet Marketplace, users are guided through the process.

Fans can trade with other collectors and auction off unwanted parts or even sell 35M digital completed F1 cars. Sweet worked with McLaren to create the user-to-user NFT marketplace to support the latest NFT drop.

One of the main benefits of the NFT drop on Sweet is that the market decides the value of each individual digital component. Similar to traditional auction sites, users can also set minimum bids and set a time limit for bidding.

All in all, for the less savvy NFT buyer and seller, Sweet is leveling the playing field, delivering McLaren F1 to fans everywhere.

Although fans don’t need to be NFT savvy, some knowledge of the car would increase the chances of building the McLaren F1 car. Luckily, fans don’t need to assemble engines, just the F1 body.

According to www.formula1.com, Lewis Hamilton’s 2010 McLaren was among the 5 most expensive ever sold. Hamilton’s car was sold for £4.84 million, or around $6.53 million based on current exchange rates. The most expensive Formula 1 car ever sold was the 1954 Mercedes W196R, which fetched £19.6 million ($29.65 million) in 2013.

Although McLaren may not have won a Divers championship for some time, the team is etched in F1 history. It will be the story of the team that will bring down the latest NFT another success for F1 and for the sport.

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