Animoca Brands Japan and Honda Forge Partnership for NFT Fan Engagement at Japanese Grand Prix 2023 September 19, 2023 September 19, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 19, 2023 by Kelly Cromley

Animoca Brands Japan and Honda Forge Partnership for NFT Fan Engagement at Japanese Grand Prix 2023

In a collaborative effort that underscores the growing significance of non-fungible tokens (NFTs) in the world of motorsports and fan engagement, Animoca Brands Japan, a subsidiary of Animoca Brands Corporation Ltd, has joined forces with Honda Motor Co., Ltd. This partnership aims to offer fans and event attendees an exclusive array of membership NFTs and limited-edition commemorative NFTs during events associated with the Japanese Grand Prix 2023.

Exploring Web3 Fan Engagement with Animoca Brands and GET Protocol

This innovative Web3 fan engagement initiative also involves another subsidiary of Animoca Brands, Gryfyn, in conjunction with GET Protocol, a prominent player renowned for its accessible NFT ticketing infrastructure catering to diverse audiences globally.

The distribution of these NFTs will take place during two significant events: firstly, at the FORMULA 1™ Honda & Red Bull Welcome Event at Zepp Shinjuku, Tokyo, scheduled for September 20; and secondly, at the Honda booth located within the confines of the Japanese Grand Prix 2023 at the Suzuka Circuit, set to unfold from September 21 to 24.


Honda’s Vision for NFT-Based Experiences

Honda Motor Co., a prominent participant in the motorsports arena, intends to offer exclusive and memorable experiences, along with special privileges, to holders of Honda KEY NFTs. These experiences will be extended through collaborative ventures with various enterprises, enhancing the overall value proposition for fans.

Initially, Honda will distribute Honda KEY NFTs to all fans who apply for the lottery to secure tickets for the welcome event in Tokyo, a distinctive occasion orchestrated by Honda. Following the event, commemorative NFTs will be airdropped to the ticket holders, serving as tangible mementos of their participation.

Furthermore, Honda KEY NFTs and a selection of other distinctive items will be made available for redemption by enthusiasts visiting the Honda booth at the Grand Prix venue.

A Collaborative Approach to Enhancing Fan Engagement

Animoca Brands Japan and Gryfyn, the latter being a Web3 wallet with a dedicated focus on fostering connections between brands and communities, had previously disclosed their collaboration with Honda. This alliance is geared towards elevating fan engagement within Honda’s motorsports portfolio.

As part of Honda’s Web3 fans strategy, there is close cooperation with Animoca Brands Japan, with Gryfyn assuming the role of the wallet partner entrusted with hosting the Honda KEY NFT.

GET Protocol’s Role in Digital Collectibles

GET Protocol, a frontrunner in ticket-linked digital collectibles, recently established a partnership with the Dutch Grand Prix, where it facilitated the launch of digital collectibles at the Zandvoort 2023 race. Now, GET Protocol is poised to assist Honda in introducing its special commemorative NFT, further enhancing the fan experience.

In essence, this collaboration between Animoca Brands Japan, Honda, and GET Protocol signifies a significant step in the evolution of fan engagement within the motorsports domain. By leveraging the transformative potential of NFTs and Web3 technology, it underscores the commitment of these entities to deliver unique and memorable experiences to motorsport enthusiasts, ushering in a new era of fan interaction and participation.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.