Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Bitcoin Stuck in $66K–$67K Cage – Break $70K and $78K+ Becomes the Prize 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Toyota Plans $19 Billion Share Sale in Major Corporate Governance Reform Move 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Lynas Rare Earths Shares Surge on Strong Half-Year Earnings and Rising Global Demand 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
ETH Follows BTC Higher: $2056 and Climbing – Bulls Locked In Above $2000 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ 
Formula One filed trademarks for the 2023 Las Vegas Strip Circuit Grand Prix. The international racing for open-wheel single-seater formula racing cars group listed the new trademarks under cryptocurrency and non-fungible token or NFT.
This means that Formula One intends to release a variety of goods and offer exclusive services under the brand it has trademarked. Apparently, it is jumping into the virtual or metaverse space through its latest filings before the Las Vegas Grand Prix takes place in November 2023.
Formula One appears to be preparing to launch its NFTs, digital collectibles, and possibly even its own crypto payment support to sell items related to the Las Vegas Grand Prix. According to CoinTelegraph, the F1 filed two trademarks for the circuit with the United States Patent and Trademark Office (USPTO) on August 23.
F1’s trademark filing was revealed via social media post by licensed trademark lawyer, Michael Kondoudis earlier this week. He shared that Formula One’s filing covers non-fungible tokens, insurance, cryptocurrencies, virtual clothing, virtual sports gear, wallets, bags, financial services, currency trading, virtual currency services, and more.
Formula One has filed 2 trademarks for LAS VEGAS STRIP CIRCUIT claiming plans for:
— Mike Kondoudis (@KondoudisLaw) August 29, 2022
▶️NFTs
▶️Cryptocurrency
▶️Insurance + financial services
▶️Virtual clothing + sports gear
▶️Currency trading + Virtual currency services
...and more!#NFTs #Metaverse #Crypto #Web3 #F1 #LasVegas pic.twitter.com/AfMj6R19TW
F1 trademarked the logo for the Las Vegas Strip Circuit as well as an extensive list of goods and services that will be made available during the race next year. The filing further noted that under NFTs, Formula One branded items including perfumes would be represented as virtual items that can be owned by fans and sports enthusiasts.
As per CoinSpeaker, the Las Vegas Grand Prix is a first in Sin City, so this is an inaugural event. The race will take place in the center of Las Vegas and will run on a 3.8-mile track with speeds that are expected to reach as much as 212 mph. Sin City’s first-ever Formula One race is the newest addition to the race’s schedule in 2023.
Meanwhile, aside from Formula One, many other sports teams and groups have also jumped into cryptocurrencies such as the National Hockey League, the National Basketball Association, and the National Football League.
