Racing giant Formula 1 has filed for a new trademark related to NFTs and cryptocurrencies. According to one of the documents, it plans to offer software for cryptocurrencies, digital collectibles and NFTs. The software will also support cryptocurrency payments and exchange transactions.
Another document pertains to retail store services in the Metaverse. Formula 1 intends to create an online marketplace for buyers and sellers of cryptocurrencies. It also plans to facilitate financial transactions with the help of blockchain and even venture into cryptocurrency mining.
On top of that, Formula 1 may use virtual goods such as NFTs in online virtual worlds and mixed reality environments to provide entertainment services. One of the documents includes intellectual property licensing services related to cryptocurrencies.