Red Bull Racing Honda will release NFT on Tezos blockchain

by in Cryptocurrency News

Red Bull

Formula 1 racing champion Honda has partnered with blockchain platform Tezos to launch a line of collectible non-fungible tokens (NFT).

As part of the agreement, Red Bull Racing will release the first-ever NFT collection on the Tezos blockchain. Team Leader Christian Horner noted that the platform operates with minimal energy consumption and a low carbon footprint, in line with Red Bull Racing's long-term environmental goals.

“This is an extremely exciting space where we were looking for the right partner. We firmly believe that we have chosen a winner who will help us provide fans with a new, unique and innovative way to communicate with the team,” said Horner.

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Earlier, Tezos developers have activated the sixth Florence update. Among the main changes are the expansion of the maximum transaction size to 32 KB, the reordering of links between smart contracts, and the optimization of gas consumption.