Velas Network and GPNFTS announce the first motorsport NFTs partnership

Velas is proud to enter the world of motorsport NFTs with the help of a new powerful collaboration with the GPNFTS company.

Velas Official
3 min readNov 15, 2021

GPNFTS is a newly launched NFT marketplace for the motorsports world, powered and built by MLSE Digital Labs, the digital and innovation arm of Maple Leaf Sports & Entertainment.

The partnership between Velas, creators of one of the fastest and most energy-efficient blockchain platforms in the world, and GPNFTS — the world’s first dedicated Motorsports NFT marketplace takes effect as of November 2021.

“We are very excited to bring the world’s fastest blockchain made by Velas into the GPNFTS ecosystem to power the first Motorsports NFT marketplace”

— said Farhad Shagulyamov, co-founder of Velas, and COO Shirly Valge.

Through this partnership — the first of its kind in the NFT space for Velas — GPNFTS is ideally positioned to offer the fastest blockchain technology, along with its unique cross-chain compatibility.

This means fans can buy and trade their favorite motorsport NFTs faster while being more environmentally friendly.

NFT is a Non-Fungible Token that holds digital collectibles through unique data, live on the blockchain and cannot be copied or reproduced, which means that each NFT is uniquely identifiable and can only exist once in the world.

NFT sales volume hit $10.7 billion (roughly Rs.79,820 crores) in the 3rd quarter of 2021, up more than eightfold from the previous quarter, according to DappRadar.

The Nft-stats says that during 24 hours, creators sell around 20,713 NFTs. In 2021, trading volume has been equal to $67.55M in 24 hours.

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Founded in 2019, Velas has developed an ecosystem of services and products, aiming to merge the qualities of both centralized and decentralized solutions. The mission of Velas is to create and integrate world-changing technology products and services to improve people’s lives, all over the globe.

The DPoS (Delegated Proof of Stake) carbon-neutral blockchain network powered by Velas is a concept where network users vote and elect delegates to validate the next block — which means a cleaner infrastructure for GPNFTS, the marketplace, and the GPNFTS community.

With extremely low energy fees needed to operate the blockchain, this partnership with Velas ensures that GPNFTS is the most secure and viable long-term green solution for the motorsport NFT landscape.

“This powerful and exciting new partnership is just the latest in a key part of the overall strategy to deliver value and new opportunities to motorsport enthusiasts as part of a wider community.”

— said GPNFTS founder Ali Rafi, who worked for many years in Formula 1.

Find out more about Velas on our official site →

You can find out more about GPNFTS here →



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