FloRacing Digital Collectibles are much like real-world collectibles (die-cast car, t-shirt, quarter panel, helmet, etc.) except they only exist online. They also unlock access to virtual events on our Discord Channel and special perks (like a pace truck ride!). Digital collectibles can do this because they can be instantly identified on the blockchain as authentic. They can be proof of ownership, a ticket, or a pass that unlocks exclusive access, and more.

All of our Digital Collectibles are minted on the Tezos Blockchain, the Official Blockchain of FloSports.

Think of a Racing Pack as a pack of digital trading cards. Each Racing Pack comes with 5 random digital collectibles and will feature drivers and cars from a specific series that FloRacing streams.

Each Racing Pack contains 5 random digital collectible cards from 20 total collectible designs in one of the three rarities: Common, Rare, and Ultra-Rare. In total, there are 60 different unique collectibles.

 To collect a full set of 20 digital collectible cards at a specific rarity (Common, Rare, or Ultra-Rare), fans will need to buy multiple packs of digital collectible cards and/or trade with other racing fans on the Secondary Marketplace. A full set of Digital Collectibles is defined as all 20 unique driver/car digital collectibles at ONE rarity (i.e.; all of the Rare Digital Collectible Cards, or all of the 20 Common Digital Collectible Cards.

The details of the purchase window, trading window, and redeeming window timelines are as follows:

Purchase Window: June 26 9:00 AM CT - July 28 9:00 AM CT

Trading Window: June 26 9:00 AM CT - July 28 8:00 AM CT

Reward Website Live: July 28 at 9:00 AM CT

Snapshot of Wallets for Eligibility: August 14 at 8:59 AM CT

Redemption Window: August 14 9:00 AM CT - August 21 9:00 AM CT

Contact Window: August 22 - 27, 2023

There will also be an article on the FloRacing website with all of the information and timelines you need to know! Feel free to CONTACT US with any further questions

Web3 opens up potential in this new digital age to unlock an internet that is decentralized and puts more choices into the hands of users and fans. The Web3 infrastructure allows for the creation of communities and renewed ownership in your assets, data and digital entities- all with the benefit of security thanks to blockchain.

Web3 is a new iteration of the internet as we know it today. In the simplest terms, it’s a decentralized network that puts more control of content, assets and even how communities are created in the hands of users. Blockchain allows for this world to be validated and secure, opening up new opportunities for how we interact online.

A blockchain is a vast, public ledger that validates transactions and information. It can also track and verify ownership of digital images and collectibles. Blockchains are transforming how value is exchanged in the digital world. They make cryptocurrencies like Bitcoin, Ethereum and Tezos possible.

Many of the concepts that led to blockchains have been around for a long time, such as cryptography, linked lists and distributed ledgers. However, blockchains combine them in a way that revolutionizes how digital transactions can be made.

A cryptocurrency is a form of currency that belongs to a blockchain network or application and is not reliant on a central authority like a bank or government. They use cryptography to create new tokens, secure transactions and verify ownership. There are many cryptocurrencies and blockchains. United’s digital collectibles are stored on the Tezos blockchain (one of the most energy-efficient blockchains available). 

Tezos is a popular, energy-efficient blockchain. It’s secure, upgradable and scalable with an on-chain governance mechanism that allows anyone to vote on the future of the blockchain. These features are consistent with FloRacing’s wider efforts to promote environmental sustainability and continually evolve with the support of its global community

No. Bitcoin was the first cryptocurrency, designed as a "peer-to-peer electronic cash system." The network on which Bitcoin runs is called the Bitcoin blockchain. Now there are many different cryptocurrencies and many other blockchains - FloRacing’s digital collectibles are stored on the Tezos blockchain (one of the most environmentally friendly blockchains available).

FloSports/FloRacing has selected Tezos, a more energy-efficient ‘Proof of Stake’ blockchain (versus other Proof of Work blockchains) to massively reduce energy consumption. The total annual carbon footprint of the Tezos blockchain equals the annual average energy footprint of 17 global citizens.

To list your digital collectible for sale, you need to add it to the Objkt.com marketplace.

Objkt.com is a marketplace on the Tezos blockchain where FloRacing digital collectibles can be collected and listed for sale on the secondary market. Objkt.com makes it easy for users to create, buy, and sell their digital collectibles and NFTs.

To use the platform, users are required to connect their wallets. Visit Objkt.com then click on the “Sync” button on the top right of the screen. You’ll be shown a list of Tezos wallet types that you can connect with: Browser extension (Temple, Spire), Desktop & Web (Kukai, Umami, Galleon), and Mobile (Temple, Airgap, Naan).

To list your items on the marketplace, select your collectible and go to the ‘Action’ tab. In the ‘Edition’ field, enter the edition number that you wish to put on sale. And in the ‘Value’ field, enter the value (in Tezos) at which you want to sell the item.

An Offer is an offer to buy an NFT or digital collectible for a specific price. Anybody who owns a digital collectible or NFT that has an Offer on it can sell it immediately. Offers stay in the item’s smart contract until canceled. When canceled, funds are returned.

Yes, the Objkt.com marketplace charges 2.5% for all auctions, listings, and Offers.