VP Racing Announces Initial NFT Collection

2022-04-05 09:23
VP Racing Fuels, Inc., a global leader in producing performance fuels, lubricants and additives, announced Friday its initial NFT collection will feature virtual fuel in the form of a high-resolution VP 54-gallon fuel drum. The debut token is currently available, along with "World Leader in JPG Technology" t-shirts, which will be included with the first 100 drum token purchases. Fans who wish to only purchase the t-shirt can do so on the VP website.

"We’ll have a limited number of 54-gallon virtual fuel drum tokens, each with a unique fill date label," said VP CEO Alan Cerwick. "There is also a great mascot NFT collection of the Mad Scientist® that will feature different backgrounds and outfits. Those will drop at some point after the fuel drum tokens."

VP announced earlier Friday that the company was leaving the racing and automotive industry and shifting its focus to technology and the production of NFTs.

"Ultimately, there are two ways to look at this," said Cerwick. "To begin with, happy April Fools’ Day! We would never dream of stopping what we do. We are not getting out of the racing and automotive industry. We just wanted to have some fun with this.

"Secondly, the NFTs are a real thing. This is not an April Fools’ Day joke. We see a terrific opportunity to expand our brand in the metaverse, and believe our great fans and consumers will be just as passionate about our NFTs as they are about our fuels, additives and lubricants."

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Watch VP CEO Alan Cerwick's announcement about new VP NFTs

Media Contact: Mike Saeger, (210) 485-1755 or mike.saeger@vpracingfuels.com

About VP Racing Fuels
VP Racing Fuels is best known as the World Leader in Fuel Technology®, fueling champions in virtually every form of motorsport on land, sea, and air since 1975. VP is the Official Racing Fuel of the IMSA WeatherTech SportsCar Championship, MotoAmerica, World Racing Group, and World of Outlaws, Kicker AMA Arenacross, American Flat Track, SCORE, USAC, NMCA/NMRA, and more than 60 sponsored series and sanctioning bodies. VP is also the official performance coolant of IMSA, American Flat Track, and ATVMX. VP also sells a full line of consumer products including ethanol-free VP Small Engine Fuels formulated for 2 and 4-cycle outdoor power equipment, lubricants, VP Madditive® automotive performance additives, Stay Frosty® performance coolants, car appearance products, and accessories through national home improvement, automotive parts, and online retailers. The company also offers a program to independent operators of convenience stores and gas stations, car wash, quick lube, and marinas to brand as VP Racing Fuels and resell the company’s race fuel and a full range of automotive performance and outdoor small engine products. For more information, visit VPRacingFuels.com.

Source: CBC

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