Blockchain technology is coming to Formula 1™ as Pierre Gasly partners with Fantom to bring NFTs to the world’s fastest sport Non Fungible Tokens (NFT) have taken the world by storm in 2021. The previously maligned sector of the cryptocurrency market which was known for clogging the Ethereum network with CryptoKitty’s has emerged as the fastest-growing subset of the crypto market with billions of dollars in transactions happening monthly. Slow transaction speeds coupled with unpredictable and high transaction fees have rendered the Ethereum network all but inaccessible to the average user and highlighted the strengths of newer smart contract platforms. Among these next-generation protocols, Fantom stands out for its 1-second transaction times and consistent, low to no cost transactions. Fantom’s capabilities have not gone unnoticed by the wider crypto community, and popular NFT projects like Pumpkittens have embraced the user-friendly network with much success. The ecosystem has also caught the eye and garnered the respect of well-known influencers and sports personalities including Grand Prix-winning Formula 1™ driver Pierre Gasly, who recently announced a partnership with Fantom to offer fans the chance to purchase NFTs tied to physical assets that commemorate the highlights of Gasly’s career. As the world’s fastest-moving sport, Formula 1™ has entertained and thrilled fans for decades but is usually enjoyed on television sc...
