In a partnership that could be considered the first major in-game digital asset sale, Team Penske has partnered with Tom Brady’s autograph platform to sell non-fungible tokens (NFT) on its custom Indy 500 racer. The NFT will serve as an entry ticket into race car owner Roger Penske’s garage during the event.
Tom Brady’s Autograph Platform heads to the Indy500 with Team Penske. The “Tom Brady NFT autograph worth” is a platform that allows users to trade their digital assets for physical items like memorabilia, tickets, and more.
Autograph, Tom Brady’s NFT vehicle, has signed a new arrangement with Penske Entertainment, the American motor racing company, clearing the door for a variety of non-fungible tokens based on its intellectual property.
In a haze of exhaust smoke and gasoline fumes, the first NFTs will make their premiere in the Indy500 event on May 29. Each NFT will include unique material from the team’s extensive collection of historical photos, as well as images from their diverse portfolio of racing teams.
The move marks the company’s first foray into the non-fungible token market for racing contests in the United States. Penske also has interests in the NASCAR Cup, Xfinity Series, and endurance racing, in addition to the IndyCar series. As a result, the team will be implementing NFTs across the board.
.@IndyCar/@IMS/@Team Penske today announced a new NFT contract with @Autograph, which will begin with the Indy 500 next month and will include digital collectibles centered on past+present races/drivers/Indy 500 tickets/archives.
@DaleJr works with Autograph, which was co-founded by Tom Brady. pic.twitter.com/nVGhQbHWME
April 12, 2022 — Adam Stern (@A S12)
With its unique NFT platform, Autograph has made considerable strides in the past year. Using its extensive network of connections in the sports and entertainment sectors to form partnerships with some of the world’s most famous people. As it expands into the arena of the petrolhead, it will broaden its platform even further in order to attract a broader audience and take its operations to the next level.
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The “autograph nft token” is a type of NFT that was created by Tom Brady and his team. The autograph tokens can be used to purchase memorabilia from the Indy500 event in 2018.
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