• Latest
  • Trending

CortDAO Racing introduce NFT’s to assist with team and W Series funding

July 3, 2022

Mad Mike Whiddett tackles 2025 Polaris World Championship at Crandon

September 3, 2025

Record 36-car grid launches SS Cup’s 10th season

September 3, 2025

Formula Open New Zealand to take hiatus for 2025/26 season, set to return in 2027

September 3, 2025

Zach Blincoe targets championship glory in second GR86 season

September 2, 2025

Drivers gearing up for 2025 Bathurst 1000

September 2, 2025
ZANDVOORT, NETHERLANDS - AUGUST 30: Yuki Tsunoda of Japan and Oracle Red Bull Racing looks on in the garage during final practice ahead of the F1 Grand Prix of Netherlands at Circuit Zandvoort on August 30, 2025 in Zandvoort, Netherlands. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool // SI202508300093 // Usage for editorial use only //

Red Bull’s Driver Dilemma: Hadjar emerges as contender while Tsunoda faces deadline

September 2, 2025
94 DUVAL Loic (fra), JAKOBSEN Malthe (dnk), Peugeot TotalEnergies, Peugeot 9X8 #94, Hypercar, action during the Rolex 6 Hours of Sao Paulo 2025, 5th round of the 2025 FIA World Endurance Championship, from July 11 to 13, 2025 on the Interlagos Circuit in Sao Paulo, Brazil - Photo Fabrizio Boldoni / DPPI

Nick Cassidy joins Peugeot for 2026 FIA World Endurance Championship

September 2, 2025

Briscoe wins at Darlington as Van Gisbergen struggles to 32nd in brutal playoff opener

September 1, 2025

Callum Hedge out of race after heavy crash at Nashville Raceway

September 1, 2025

McLaughlin ends season on a high with podium finish as Newgarden wins thrilling Nashville finale

September 1, 2025

‘Not His Corner’: Lawson explains Dutch GP collision with Sainz

September 1, 2025
Wednesday, September 3, 2025
VelocityNews
Be the first to know and subscribe for real-time updates on Kiwi drivers, events and much more!
Subscribe to New Alerts
  • International
    • Formula 1
    • Formula 2
    • Formula 3
    • Formula E
    • Esports
    • Super GT
    • Super Formula
    • TCR
    • WEC
    • GT
    • Porsche Carrera Cup
    • BTCC
    • DTM
    • IMSA
    • IndyCar
    • Road to Indy
    • NASCAR
    • WRC
    • MotoGP
    • Motorcycle Racing
    • Historic Racing
  • New Zealand
    • Toyota Formula Regional
    • Toyota GR86 Championship
    • Rally
    • Speedway
    • Drifting
    • Formula Ford
    • Formula First
    • TCR NZ
    • TransTasman V8 Series
    • V8 Utes
    • GT New Zealand Championship
    • GTRNZ
    • Central Muscle Cars
    • Pirelli Porsche
    • Mazda Racing Series
    • NZ Endurance Championship
    • NIERDC
    • SIERDC
    • Pro8 South Island Series
    • SsangYong Utes
    • Kartsport
    • NZ Historic Racing
    • NZ General
  • Australia
    • Supercars
    • Super2
    • Australian V8 Touring Car Series
    • Porsche Carrera Cup Australia
    • Porsche Sprint Challenge
    • S5000
    • Australian GT
    • TCR AU
  • Features
    • Features
    • Opinion
    • Profile
    • Race Cars
  • Circuit News
  • Velocity TV
  • Performance Cars
  • Jobs
    • Jobs
    • Post a Job
    • Job Dashboard
No Result
View All Result
VelocityNews
No Result
View All Result

CortDAO Racing introduce NFT’s to assist with team and W Series funding

by Matthew Sampson
July 3, 2022
in General, News
0

W Series team CortDAO Racing are challenging traditional motorsport funding options with the release of 10,000 NFT’s to secure additional investment. The team aim to raise $1 million through the scheme, with one third to be invested towards sponsorship of the team and the remainder going towards CortDAO’s investment in the W Series.

Built around a community of motorsport fans and crypto pioneers, a clear goal of the team being driving social change and pushing for a reform in motorsports with regard to female participation. T

he community owned racing team (Cort) runs as a decentralised autonomous organisation (DAO), which means they are run by the community with financial transactions maintained on a blockchain.

NFT’s, known fully as a non-fungible token, are unique, digital media which are owned by the purchaser. A comparison would be owning tangible artwork, however these are solely in a digital environment. In this instance, the NFT’s released by CortDAO Racing feature 5000 images of their two driver’s helmets, with unique identifiers applied to each image.

CortDAO was founded with “the mission to build a community-led platform that could authentically promote female racers and further women in motorsports,” the team states. One of the first targets for this project was establishing a W Series team, which was launched ahead of the 2022 season.

The founder of CortDAO, Michael Livingston, states “Our NFTs will bring fans closer to the action and allow them to feel a sense of pride as their money will go towards supporting women struggling to succeed in a male-dominated sport.”

“CortDAO will not receive any profits from the sale of its NFTs, so our intentions are genuine. The proceeds after costs will flow to W Series so that purchasers will be helping not only CortDAO and our brilliant drivers, Fabienne Wohlwend and Marta Garcia, but also the whole W Series.”

CortDAO currently sit in 7th of 9 teams in this seasons W Series, with Wohlwend finishing an impressive 4th at Silverstone this evening. Garcia sustained front wing damage in the race and finished at the rear of the field in 18th.

Tags: CortDAONFTW Series

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
ADVERTISEMENT
  • About
  • Advertise
  • Privacy & Policy
  • Contact Us

© 2022 VelocityNews - Independent New Zealand and International Motorsport news.

error:
No Result
View All Result
  • International
    • Formula 1
    • Formula 2
    • Formula 3
    • Formula E
    • Esports
    • Super GT
    • Super Formula
    • TCR
    • WEC
    • GT
    • Porsche Carrera Cup
    • BTCC
    • DTM
    • IMSA
    • IndyCar
    • Road to Indy
    • NASCAR
    • WRC
    • MotoGP
    • Motorcycle Racing
    • Historic Racing
  • New Zealand
    • Toyota Formula Regional
    • Toyota GR86 Championship
    • Rally
    • Speedway
    • Drifting
    • Formula Ford
    • Formula First
    • TCR NZ
    • TransTasman V8 Series
    • V8 Utes
    • GT New Zealand Championship
    • GTRNZ
    • Central Muscle Cars
    • Pirelli Porsche
    • Mazda Racing Series
    • NZ Endurance Championship
    • NIERDC
    • SIERDC
    • Pro8 South Island Series
    • SsangYong Utes
    • Kartsport
    • NZ Historic Racing
    • NZ General
  • Australia
    • Supercars
    • Super2
    • Australian V8 Touring Car Series
    • Porsche Carrera Cup Australia
    • Porsche Sprint Challenge
    • S5000
    • Australian GT
    • TCR AU
  • Features
    • Features
    • Opinion
    • Profile
    • Race Cars
  • Circuit News
  • Velocity TV
  • Performance Cars
  • Jobs
    • Jobs
    • Post a Job
    • Job Dashboard

© 2022 VelocityNews - Independent New Zealand and International Motorsport news.