Lamborghini-backed motor racing team adopts NFT authentication for car parts

Quick Take

  • The Vincenzo Sospiri Racing GT team will begin using NFTs to certify and authenticate factory car parts.
  • The move is part of a pilot scheme by NFT generator platform Go2NFT.

Lamborghini Squadra Corse GT racing team Vincenzo Sospiri Racing announced that it will begin using non-fungible tokens (NFTs) to certify and authenticate factory car parts, the team announced on Tuesday.

The move is part of a pilot scheme by the company Go2NFT, which specializes in creating corporate NFTs for businesses.

In a statement, the company said the rollout could also be extended to authenticate merchandise and other official products. In March, it received a $5 million investment from blockchain ecosystem Skey Network. 

We know that provenance, accountability and quality control are key challenges for superbrands wanting to protect their IP and we believe that NFT utility can help create more trust and transparency for brands and their fans,” said Boris Ejsymont, chief business officer for Go2NFT.

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