It has been recently revealed that the Red Bull Racing Honda and Aston Martin Cognizant are planning to make an entry into the NFT market. Red Bull Racing Honda is planning to launch its NFT fan token on the Tezos blockchain, while the Aston Martin Cognizant Formula One Team is in partnership with the creators of Fan Tokens, Socios.

Red Bull Racing Honda to Launch NFT on the Tezos Blockchain

Tezos has recently become the official partner of the Formula One team Red Bull Racing Honda and will be utilized to launch the original NFT of the organization.

Christian Horner, the CEO and team principal of Red Bull Racing Honga said:

“Tezos will help us maximize our engagement with our fans through the development of NFTs. This is a hugely exciting space in which we’ve been looking for the right partner and in Tezos, we strongly believe we’ve picked a winner that will help us give our fans a new, unique, and innovative way to connect with the team.”

A number of sports organizations have spread their legs in the technology that allows the creation of new ways for the fans to interact with their favorite teams and players.

Socios.com Launches Aston Martin Cognizant Formula One Team Fan Token

In a recently made announcement, it has been revealed that the Aston Martin Cognizant Formula One Team is planning to launch a $AM Fan Token in partnership with Socios.com.

The Managing Director, Commercial & Marketing of the Aston Martin Cognizant Formula One Team, Jefferson Slack said:

“At Aston Martin Cognizant Formula One™ Team, we’re proud to be joining an exclusive roster of global sporting properties all working in partnership with Socios. This really gives us the best possible opportunity to give our fans a seat at the table, and they get to help us tell our story in a new and exciting way.”

The Team Fan Tokens will be made available on the Socios.com app in the near future.