Mercedes-AMG Petronas announced the launch of the first in a series of NFT drops powered by FTX.

According to the announcement, eleven digital artwork NFTs will feature Mercedes-AMG Petronas cars. Mad Dog Jones exclusively designed and created each NFT.

Several NFTs be available for auction on the FTX platform during the Miami Race Weekend. The remaining NFTs will go to auction later in the F1 season.

For F1 fans, the “NFTs will each be bundled with a physical item.”

The announcement goes on to say,

“Two are bundled with Mercedes-AMG Petronas Formula 1 rear wings wrapped in the artwork from the NFT, that were driven on track in Miami. The third NFT is bundled with a full size 2022 Mercedes-AMG Petronas Formula 1 replica car, wrapped in the NFT artwork.”

The auction for all three NFTs starts on Sunday, May 9. The proceeds from the auction will go to Ignite, “a joint charitable initiative from Mercedes-AMG Petronas and Mission 44, to support greater diversity and inclusion in motorsport.”

In January, FX Empire reported F1 team McLaren and Sweet partnered to drop the McLaren Racing Collective.

On the Sweet NFT marketplace, collectors and F1 fans could trade digital car components and build an MCL35.

The 2022 NFT drop followed a summer 2021 drop where McLaren Racing gave fans the chance to collect 22 digital images to build an MCL35M 2021 F1 car.

One avid McLaren fan procured all 22 digital components to build a Gulf X McLaren Livery MCL35M 2021 collectible. The McLaren Race Collective is on the Tezos (XTZ) blockchain.

This article was originally posted on FX Empire