Formula 2 team Campos Racing‘s Ralph Boschung and Amsterdam’s LTO Network announce sponsorship and partnership that will use NFT2.0 technology to bring the driver and his car to the metaverse, the first deal of its kind in the motorsports world.
After a chance meeting in Monaco, LTO Network CEO Rick Schmitz and the driver hailing from Switzerland soon realized they share a vision that empowers up-and-coming motorsports athletes with the ability to connect with fans in new and interesting ways while opening up revenue streams that support athletes in the costly and highly competitive journey of a career in motorsports.
NFT2.0 is the name of LTO Network’s newest technology, which makes NFTs more exclusive and valuable by providing asset holders with true possession of their digital assets that are called “ownables”.
The partnership will allow LTO Network to make 3D NFTs of the driver and his car to be used in metaverse games and experiences.
“We are excited to support this promising young star. Together we will lead the race to the metaverse,” said Rick Schmitz, CEO of LTO Network.
“The team at LTO Network and I clicked immediately and I look forward to helping push the envelope for what athletes can achieve for their brand and careers,” said Ralph Boschung of Campos Racing.
