NASCAR choose the WAX platform for its ease of use and also because it is certified carbon neutral by ClimateCare and uses 220,000x less energy than its competitors.
It planned the drop to celebrate the Daytona 500 which is a 500-mile-long NASCAR Cup Series motor race held annually at Daytona International Speedway in Daytona Beach, Florida. It was held this year on February 20.
To make it easy for fans to engage, NASCAR emailed 25K Daytona 500 ticket holders announcing the news with instructions on how to download their wallets 24 hours before it launched it competition for a draw.
From the entries, 500 lucky fans received this limited number NFT with a further draw planned to give autographed NASCAR driver helmets to five really lucky winners.
“There’s unprecedented excitement heading into the 2022 Daytona 500, and we want to thank our fans for their continued dedication to the sport by gifting ticket holders with a free digital collectible to commemorate the Great American Race,” said Tim Clark, NASCAR Chief Digital Officer. “Fans want to engage with brands in new and unique ways and this is another step in that process.”
“The WAX Blockchain is the only chain fast enough to keep up with NASCAR,” said William Quigley, CEO of WAX. “Eco-friendly with a high transaction capacity and speeds up to 8,000 transactions per second, WAX is a perfect fit when brands like NASCAR want to bring NFTs to a mass market audience.”
How long is the Daytona 500?
- Length: 500 miles
- Time (approx.): 3 1/2 hours
As the name suggests, the Daytona 500 is 500 miles long (200 laps total).
The race takes around 3 1/2 hours to complete.
How many laps are in the Daytona 500?
- Number of laps: 200
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The "500" in the Daytona 500 name stands for the mileage, not the laps. The 2 1/2-mile track at the Daytona International Speedway lends itself to a 200-lap race.
The track is one of three superspeedways that host NASCAR Cup Series races: Indianapolis Superspeedway and Talladega Superspeedway are the other circuits.
What are the Daytona 500 stages?
- Stage 1: 65 laps
- Stage 2: 65 laps
- Final stage: 70 laps
The Daytona 500 is split into three stages: The first two stages of the race are 65 laps, while the final stage is 70 laps.
Stage racing was introduced in 2019. The top 10 finishers of the first two stages win additional points: The first-place winner earns 10 points, second place nine points, third place eight points and so forth, through 10th place.
The final stage awards the race results as well and gives points to the field.
Where is the Daytona 500?
- Location: Daytona International Speedway in Daytona Beach, Fla.
The premiere race of the NASCAR season always takes place at the Daytona International Speedway in Daytona Beach, Fla.
Daytona is located on the east coast of Florida: It's 50 miles northeast of Orlando, 90 miles south of Jacksonville and 260 miles north of Miami.
How many cars are in the Daytona 500?
- Entrants: 42
There are 42 cars qualified for this year's Daytona 500, with 21 teams total.
The National Association for Stock Car Auto Racing (NASCAR) is the sanctioning body for the No. 1 form of motorsports in the United States and owner of 16 of the nation’s major motorsports entertainment facilities. NASCAR consists of three national series (NASCAR Cup Series™, NASCAR Xfinity Series™, and NASCAR Camping World Truck Series™), four regional series (ARCA Menards Series, ARCA Menards Series East & West and the NASCAR Whelen Modified Tour), one local grassroots series (NASCAR Advance Auto Parts Weekly Series) and three international series (NASCAR Pinty’s Series, NASCAR Peak Mexico Series, NASCAR Whelen Euro Series). The International Motor Sports Association™ (IMSA®) governs the IMSA WeatherTech SportsCar Championship™, the premier U.S. sports car series. NASCAR also owns Motor Racing Network, Racing Electronics, and ONE DAYTONA. Based in Daytona Beach, Florida, with offices in eight cities across North America, NASCAR sanctions more than 1,200 races in more than 30 U.S. states, Canada, Mexico and Europe. For more information visit www.NASCAR.com and www.IMSA.com, and follow NASCAR on Facebook, Twitter, Instagram, and Snapchat (‘NASCAR’).