Daily Mail PH

Tuesday, August 1, 2023

[New post] Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

Site logo image Crypto Breaking News posted: "The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain. Image source: Toyota press release.Per a press release" Crypto Breaking News

Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

Crypto Breaking News

Aug 1

The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain. 

Image source: Toyota press release.

Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance.

According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point of the program is to put driver's accomplishments on chain so fans can interact with them:

"Blockchain helps us keep a permanent digital record of drivers' achievements that they can share with their friends, family and fans. It also allows us to develop new opportunities to introduce race fans to our partners."

Toyota's Gazoo Racing league and the GR Cup were designed as a fan-forward series of events. Much like the gameplay arc of many of the most popular current racing video games, real-world GR Cup drivers all start off with a stock vehicle (in this case, a Toyota GR86) featuring only factory-available options.

The driver's vehicle is then sent to a TRD garage — the term "Gazoo" means "garage" — where it's fitted with official Toyota racing gear. This puts each driver on equal footing when the race starts, as their hardware is standardized across the grid.

[embedded content]

Toyota's been involved in the blockchain space since at least 2016 when the company joined the R3 Consortium in a partnership to research and develop blockchain technologies. The company subsequently established its Toyota Blockchain Lab in 2019.

Related: Toyota to explore blockchain use cases via DAO hackathon

It's unclear at this time whether fans will be able to directly interact with digital trophies or if the company intends to mint any form of digital collectibles. TRD did not immediately return a request for comment.

According to the press release, drivers will be able to access their previous accomplishments "quickly and easily" before and after events. The next races in the series take place at the Big Machine Music City Grand Prix in Nashville, Tennessee, August 4-6.

Source: Cointelegraph.com


Unsubscribe to no longer receive posts from Crypto Breaking News.
Change your email settings at manage subscriptions.

Trouble clicking? Copy and paste this URL into your browser:
https://www.cryptobreaking.com/toyota-gr-cup-will-award-digital-trophies-on-polygon-blockchain-to-race-winners/

WordPress.com and Jetpack Logos

Get the Jetpack app to use Reader anywhere, anytime

Follow your favorite sites, save posts to read later, and get real-time notifications for likes and comments.

Download Jetpack on Google Play Download Jetpack from the App Store
WordPress.com on Twitter WordPress.com on Facebook WordPress.com on Instagram WordPress.com on YouTube
WordPress.com Logo and Wordmark title=

Automattic, Inc. - 60 29th St. #343, San Francisco, CA 94110  

at August 01, 2023
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

CG BOSS Posts from Gargoyles Reboot thanks to creator kept it alive | CG BOSS Games for 04/26/2026

CG BOSS Blog Post Updates ...

  • [New post] 5 Key Technologies Streamlining the Crypto User Experience
    ...
  • Why is Ninoy Aquino Day important to you? Join Rappler’s chat on August 21!
    Hi daily! Who is Ninoy Aquino to you? What lessons from his life still spea...
  • What do you think about BBM’s 3rd year in office? Join the convos!
    Hi, daily! With the State of the Nation Address (SONA) coming up on July 28...

Search This Blog

  • Home

About Me

Daily Newsletters PH
View my complete profile

Report Abuse

Labels

  • Last Minute Online News

Blog Archive

  • April 2026 (1)
  • February 2026 (1)
  • January 2026 (7)
  • December 2025 (8)
  • November 2025 (4)
  • October 2025 (2)
  • September 2025 (1)
  • August 2025 (2)
  • July 2025 (5)
  • June 2025 (3)
  • May 2025 (2)
  • April 2025 (2)
  • February 2025 (2)
  • December 2024 (1)
  • October 2024 (2)
  • September 2024 (1459)
  • August 2024 (1360)
  • July 2024 (1614)
  • June 2024 (1394)
  • May 2024 (1376)
  • April 2024 (1440)
  • March 2024 (1688)
  • February 2024 (2833)
  • January 2024 (3130)
  • December 2023 (3057)
  • November 2023 (2826)
  • October 2023 (2228)
  • September 2023 (2118)
  • August 2023 (2611)
  • July 2023 (2736)
  • June 2023 (2844)
  • May 2023 (2749)
  • April 2023 (2407)
  • March 2023 (2810)
  • February 2023 (2508)
  • January 2023 (3052)
  • December 2022 (2844)
  • November 2022 (2673)
  • October 2022 (2196)
  • September 2022 (1973)
  • August 2022 (2306)
  • July 2022 (2294)
  • June 2022 (2363)
  • May 2022 (2299)
  • April 2022 (2233)
  • March 2022 (1993)
  • February 2022 (1358)
  • January 2022 (1323)
  • December 2021 (2064)
  • November 2021 (3141)
  • October 2021 (3240)
  • September 2021 (3135)
  • August 2021 (1782)
  • May 2021 (136)
  • April 2021 (294)
Simple theme. Powered by Blogger.