Formula 1 Enters the Metaverse Realm with Two Trademark Filings
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The crypto craze is on the rise despite the market being in critical condition for an indefinite time; the market is succumbing to price cuts and negative investor sentiment that is spewing from every bit and corner. But despite these uncertain times, there are businesses out there that are embracing crypto like a plate of freshly baked cookies.
Panic hits the market as Bitcoin is struggling to keep up with its price tenure and is doing extremely unwell on the horizon of the crypto market; it is struggling, failing, trying to rise back up, and failing yet again, and this is not true for Bitcoin only as many other cryptocurrencies are also on the same route.
F1 Files Two Trademarks for Las Vegas Circuit
Interestingly enough, Formula 1, the biggest name in indie car racing, has made its debut within the metaverse as the company is filing two distinctive trademarks for the Las Vegas circuit regarding the Las Vegas Grand Prix that is to be set into motion in November 2023.
This is an iconic step that the Formula 1 team has taken towards embracing the prospect of decentralization and blockchain technology.
Things are finally looking up for the next big race that is set to emerge next year, and before that race is upon us, Formula 1 will be knee-deep into selling NFTs, launching various other points of intercept within the metaverse, such as launching its own crypto token, providing the masses with the insurance as well as the financial services, virtual clothing, sports gears, and even virtual currency trading that the platform would have launched itself.
The investment phase is, however, to begin with the initiation of the NFTs and their active trading taking place within the metaverse.
Looks like the metaverse is going to be populated after all, given the fact that it was believed to be hokum by the tech gurus out there, now even Facebook, or better yet Meta, is also focused on grinding up the infrastructure for the metaverse even after repeated scolds from the developer of Ether that Meta is going to fail miserably at this feat.
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