Close Menu
    Facebook X (Twitter) Instagram
    BusinessNews.phBusinessNews.ph
    Subscribe
    • Top Stories
    • Business
    • Events / Conventions
    • National
    • Technology
    BusinessNews.phBusinessNews.ph
    Home » CortDAO Racing W Series Team Launches NFT Initiative To Supercharge Women’s Participation In Motorsports
    Business

    CortDAO Racing W Series Team Launches NFT Initiative To Supercharge Women’s Participation In Motorsports

    By Marie JonesJune 30, 2022Updated:June 30, 2022
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Women have been historically underrepresented in motorsport due to the lack of funding and opportunity. CortDAO, in partnership with W Series, is looking to change that dynamic. By appealing to the Web3 community and a growing women’s motorsports fanbase, CortDAO is launching its first-ever series of NFTs, with its proceeds to be invested in W Series.

    CortDAO was founded by Michael Livingston with the mission to build a community-led platform that could authentically promote female racers and further women in motorsports. The first step of its mission was to launch a team in W Series, the world’s first free-to-enter single-seater motor racing championship for women. Unveiled in March, the CortDAO Racing W Series Team now competes in the 2022 season of W Series and is preparing for the upcoming round at Silverstone, UK, alongside the F1 Lenovo British Grand Prix this weekend.

    CortDAO is looking at new ways to involve the Web3 community in its crowdfunding ventures, as well as engage with corporate sponsors who believe in its mission. With W Series Round 4 around the corner, the focus is now on releasing CortDAO’s first-ever NFTs (non-fungible tokens) to secure additional investment. Launching on 30 June – a total of 10,000 NFTs depicting two bespoke CortDAO Racing assets (5,000 NFTs of each design with a unique identifier from 1 to 5,000) will be issued. The two designs, created by Team Quantum Punks, will be 3D virtual depictions of the limited-edition racing helmets of team drivers Marta Garcia (21, ESP) and Fabienne Wohlwend (24, LIE).

    One-third of the proceeds from the sale of CortDAO NFTs will go towards sponsorship of the team, and two-thirds of the proceeds will go towards CortDAO’s investment in W Series Limited at the last traded price. CortDAO is looking to raise GBP1milion in this initial release, and in time, CortDAO will offer purchasers the opportunity to convert each NFT into a token.

    Michael Livingston (Founder CortDAO)
    “We have had many people wanting to assist in growing W Series and women’s racing and have tried to price our NFTs as affordable as possible to our fanbase. Our NFTs will bring fans closer to the action and allow them to feel a sense of pride as their money will go towards supporting women struggling to succeed in a male-dominated sport. CortDAO will not receive any profits from the sale of its NFTs, so our intentions are genuine. The proceeds after costs will flow to W Series so that purchasers will be helping not only CortDAO and our brilliant drivers, Fabienne Wohlwend and Marta Garcia, but also the whole W Series.”

    Follow:
    Instagram // Discord // TikTok // Twitter // OpenSea //

    Contact:
    Email: contact@cortdao.com

    For the latest business and finance news in Asia - Business News Asia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Malaysia and France Strengthen Defence Industry Ties with Landmark MoU Signing

    July 9, 2025

    GMG Commencing Sales of G(R) Lubricant and Advancing Regulatory Approvals

    July 9, 2025

    Small Businesses Embrace Social — But Could be Missing a Trick in the Age of AI

    July 7, 2025
    Latest News

    Malaysia and France Strengthen Defence Industry Ties with Landmark MoU Signing

    July 9, 2025

    GMG Commencing Sales of G(R) Lubricant and Advancing Regulatory Approvals

    July 9, 2025

    Small Businesses Embrace Social — But Could be Missing a Trick in the Age of AI

    July 7, 2025

    Kincora Secures Strategic North American Investors and Announces Private Placement

    July 7, 2025

    15 World Toppers and Near-Perfect Scorers for GIIS Singapore in IBDP 2025 Exams

    July 7, 2025

    Progress towards potassium-ion batteries

    July 7, 2025

    Everest Medicines Unveils Breakthroughs in AI+mRNA Platform, Reinforces Global Leadership in Next-Gen mRNA Innovation

    July 4, 2025

    INVEST FAIR Malaysia 2025 Spotlights Investor Trends, Multi-Asset Literacy, and Tech-Driven Platforms

    July 4, 2025

    UOB Hong Kong becomes first Singapore-based bank to sign MOU with HKTDC

    July 3, 2025

    AI-Powered CX, Operational Efficiency, and Smarter Journeys Redefining Strategies Across UK Enterprises: Customer Experience Live Show UK 2025 Unveils Industry Priorities

    July 3, 2025

    Global Sports Brand U.S. Polo Assn. Launches in Brazil With Grupo Pasquini

    July 2, 2025

    TravelKon Launches Unlimited Europe eSIM Range to Keep Australians Connected over European Summer Getaway

    July 2, 2025

    Cybercrime Syndicates Target Philippine NFC Payments, Resecurity Warns

    July 2, 2025

    PH Real Estate Seen Growing 5% Annually on Back of Infrastructure Boom

    July 2, 2025

    The Future Is Now! The Philippines Leads the AI-Powered Cloud Revolution

    July 2, 2025
    BusinessNews.ph
    • Home
    • Business News Asia
    • Cebu Lifestyle Channel
    • Property News
    • Events News Asia.com
    • Contact Us
    • Cebu Business News
    © 2025 All Rights Reserved | BusinessNews.ph

    Type above and press Enter to search. Press Esc to cancel.