Ticketing service provider Platinum Group has teamed up with blockchain infrastructure company Elemint and Web3 agency Bary to create, mint and sell NFT tickets for Formula 1 (F1) racing teams starting with this weekend's Monaco Grand Prix. Tickets will be minted on the Ethereum sidechain Polygon. NFT will not only provide the opportunity to enter the competition, but will continue to provide holders with utility after the event, such as hospitality benefits and future competition discounts, to encourage collectors to maintain brand loyalty.