Velas and GPNFTS Create First Motorsport NFT Platform

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25 Oct 2022

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We at Velas want to share some great news. We are conquering the world of NFT motorsports and starting a long-awaited and fruitful partnership with GPNFTS.

GPNFTS is a relatively new NFT market focused on the world of motorsports. This marketplace was launched by MLSE Digital Labs, the innovative and digital division of Maple Leaf Sports & Entertainment.

The collaboration between GPNFTS, a first-of-its-kind NFT marketplace for motorsports, and Velas, one of the world's safest, fastest, and most energy-efficient blockchains, began in November 2021.

This partnership between Velas and the first-of-its-kind NFT GPNFTS marketplace opens up various avenues for the development of fast blockchain technology and unique interoperability.

This way, motorsports enthusiasts can buy or trade in their NFTs much faster and with less environmental impact.

An NFT (non-fungible token) is, in simple terms, a certificate of ownership of a digital asset. Most often an image, music, or an object in the virtual world. This certificate is created on a blockchain, which means that NFT is impossible to forge.

According to DappRadar research, NFT sales in Q3 2021 exceeded $10.7 billion. And that's almost eight times more than the previous quarter.

You can also learn from the statistics that NFT creators sell about 20,713 tokens in a single day. In 2021, NFT's biggest profit was $67.55 million in 24 hours.

Velas was founded in 2019, and in the meantime, its employees have developed an ecosystem of services and products that combine the best of centralized and decentralized solutions. The primary goal of the Chain Power blog is to create and integrate cutting-edge technology products and services to improve the quality of life for people around the world.

Velas is a carbon-neutral DPoS (Delegated Proof of Stake) blockchain, the central concept of which is user voting to select delegates to verify the next block. This means GPNFTS will have a cleaner infrastructure for the market and community.

Velas blockchain operation consumes extremely little power, which provides financial savings and ensures that GPNFTS' first NFT platform for motorsports is the safest, fastest, longest lasting, and cleanest solution in the world of NFT motorsports.

Find out more information about Velas on our official site → https://velas.com/

Find out more information about GPNFTS here → https://www.gpnfts.io/