F1 plans to get into cryptocurrency trading and mining

According to BlockBeats, on October 11, U.S. registered trademark attorney Mike Kondoudis posted that Formula One has applied for a new trademark related to NFTS and cryptocurrencies. According to one of the documents, F1 plans to offer software for cryptocurrencies, digital collectibles and NFTS; Another document has to do with retail store services in virtual goods. F1 plans to create an online marketplace for buyers and sellers of cryptocurrencies, and plans to use blockchain to facilitate financial transactions. It will also dabble in cryptocurrency mining. In August, Formula One filed two trademark applications for the LAS VEGAS STRIP CIRCUIT related to NFTS, cryptocurrencies and metaverse covering NFTS, cryptocurrencies, virtual clothing and sports equipment, currency transactions and virtual currency services.