NFTs
Transak Backs Fiat-NFTs on VeChain, Fuels Gresini Racing’s First Crash
Transak, a global leader in payment and web3 integration, now allows users to convert fiat currency into NFTs on the VeChain Marketplace-as-a-Service (MaaS) platform.
Users from more than 160 countries can trade traditional currencies for NFTs, with transactions starting from one cent – a notable industry achievement.
MotoGP World Championship team Gresini Racing is among the first to benefit from the Transak-VeChain partnership by releasing 10,000 NFTs in MaaS.
With Transak’s checkout solution, fans around the world can easily purchase NFTs using a variety of payment methods, offering greater accessibility and opening new avenues for fan engagement in motorsport and beyond.
Source: VeChain (Gresini market)
Driving Fan Engagement
Transak offers several services beyond its fiat transactions for NFTs, including non-custodial payment options for multiple cryptocurrencies. Its partners impressively include industry leaders such as MetaMask and Coinbase Wallet.
VeChain, on the other hand, excels in blockchain technology, providing business solutions focused on sustainability and digital innovation. Its MaaS platform is a no-code NFT marketplace that represents digital and physical products and streamlines the integration of real-world tokenized assets.
As such, this partnership also introduces the concept of ‘phygitals’, merging physical and digital assets through NFC technology. Fans can own tangible, digitally enhanced memorabilia, making the overall collecting experience more immersive and interactive.