To launch their roadmap for the remainder of the 2022 season, Red Bull Racing is launching an NFT drop featuring digital collectibles that represent helmets worn by Checo (Driver Sergio Perez) over the course of seven races from this season. The first four (4) unique helmets will drop on July 9th. After this initial release, the roadmap will continue with the next drop in October, and feature a set of three new helmets. Each helmet will feature 1 rare NFT for auction, and 999 sold at a fixed price. All 1,000 will be backed by included utility. Read on below for descriptions of the helmets and the exciting In Real Life (IRL) utility included.

Four July Drops | Four Opportunities to Purchase or Bid

Four (4) July Drops representing different helmets worn by Checo

999 NFTs available for each drop

1 Rare NFT with special IRL utility for each drop

When are the Auctions?

The auctions will all begin at 01:00 BST on July 9th / 20:00 EDT on July 8th and end at the following times on July 13th:

  • Checo 2022 Seasonal helmet 22:59 BST / 17:59 EDT

  • Checo 2022 Miami helmet 23:19 BST / 18:19 EDT

  • Checo 2022 Austria helmet 23:39 BST / 18:39 EDT

  • Checo 2022 Monaco helmet 23:59 BST / 18:59 EDT

Details of the July NFT Drops

SERIES

DETAILS

Checo Seasonal Race Helmet NFT

  • Qty: 999

  • Price: $10

Checo Seasonal Race Helmet NFT (Rare)

  • Utility: One signed physical Checo hat

  • Qty: 1

  • Price: Auction Winning Bid

Checo Miami Race Helmet NFT

  • Qty: 999

  • Price: $20

Checo Miami Race Helmet NFT (Rare)

  • Utility: 1 signed physical Checo hat

  • Qty: 1

  • Price: Auction Winning Bid

Checo Monaco Race Helmet NFT

  • Qty: 999

  • Price: $20

Checo Monaco Race Helmet NFT (Rare)

  • Utility: 10 minute video call with Checo

  • Qty: 1

  • Price: Auction Winning Bid

Checo Austria Race Helmet NFT

  • Qty: 999

  • Price: $20

Checo Austria Race Helmet NFT (rare)

  • Utility: One “ACTION.PACKED” Box for Austin GP on October 23, 2022

  • Qty: 1

  • Price: Auction Winning Bid


Frequently Asked Questions (FAQ)

What forms of payment will you accept?

NFTs may be purchased using credit card or cryptocurrency.

What do I get if I win an Auction?

There are four auctions running.

  • If you win the auction for the Checo 2022 Seasonal helmet design NFT, you'll get a special 1/1 Checo 2022 seasonal helmet design NFT as well as a physical cap, signed by Checo.

  • If you win the auction for the Checo 2022 Miami helmet design NFT, you'll get a special 1/1 Checo 2022 Miami helmet design NFT as well as a physical cap, signed by Checo.

  • If you win the auction for the Checo 2022 Monaco helmet design NFT, you'll get a special 1/1 Checo 2022 Monaco helmet design NFT as well as a 10-minute video call with Checo himself, to be held in the Race Overview for Sunday 31st July 2022 (the Hungarian race weekend)

  • If you win the auction for the Checo 2022 Austria helmet design NFT, you'll get a special 1/1 Checo 2022 Austria helmet design NFT as well as an ‘ACTION.PACKED.’ Box for the Austin GP on 23rd October 2022.

Who is going to send me the physical item(s) if I win?

Fulfillment of the physical signed caps and the ‘ACTION.PACKED.’ box are the responsibility of Red Bull Racing Limited (“Red Bull”). The physical signed caps and ‘ACTION.PACKED.’ box will be delivered by DHL or equivalent national or international delivery service, to the address provided by the winning bidder. Red Bull accepts no responsibility or liability for any delays, damages or other issues with delivery. The maximum delivery term shall be no longer than 60 days from the end of the Auction for the physical signed caps. The delivery terms for the ‘ACTION.PACKED.’ box shall be communicated to the recipient in the [time] proceeding the Austin race weekend (20th – 24th October 2022). Any delay in relation to delivery of the rewards shall be communicated to the reward recipient(s).

What blockchain does Sweet use for the Red Bull Racing NFT Collection?

For Red Bull Racing NFTs, we are using the Tezos standard for NFTs. All of our NFT implementations, regardless of the underlying blockchain standard, will support the same features and user experience, and provide the same benefits of a blockchain-based digital collectible.

What is the Tezos Standard and why is it unique?

Tezos operates a blockchain with a proof-of-stake system. Crucially, this system doesn’t rely on massive computer power. Its demand for electricity is significantly less and it’s far more energy-efficient using approximately 2M times less energy than some other types of blockchains.

What are digital collectibles?

Digital collectibles are technology which can be used by artists, teams and brands to create unique, one-of-a-kind tokens for fans and consumers. Digital collectibles can take on any form: a piece of art, a unique pin, token card or image, an embedded video, audio or animation.

A digital collectible is similar to a physical collectible, but in digital format. Like a physical collectible, a digital collectible is distinguished and unique. To ensure each digital collectible’s unique authenticity, blockchain technology is used to demonstrate rights ownership and authenticity. This is similar to receiving a "certificate of authenticity" with unique physical merchandise like a signed baseball card.

What makes digital collectibles different from physical collectibles?

Physical and digital collectibles have many similar traits, such as strong fan affinity and pride of ownership (otherwise known as “bragging rights” as you show off your collections). However, digital collectibles have many advantages over physical collectibles. This helps to explain the transformation of the collectible space over time and the rapid growth of digital collectibles.

The advantages that digital collectibles have over physical collectibles include:

  • Prevention of Counterfeits - A digital collectible’s authenticity is more reliable and easier to manage. It can be tied to a Non-fungible Token (NFT), which is the digital equivalent of a certificate of authenticity, and solves a lot of issues around fraud that can occur in the physical world.

  • Better Storage and Shipping - A digital collectible is easier to store and ship without wear and tear that can occur with physical collectibles.

  • Better Sharing - A digital collectible has vastly better sharing options if you want to show your collectible or collection to friends, family or the public. You can do so over text, email or a public showcase. You can also present your digital collectible online or in an offline frame that has storage and display capability.

A fan or user can have the same thrill, affinity and enjoyment from owning a digital collectible as owning a physical one, plus all the conveniences of better authenticity, shipping, storage, and sharing.


Terms & Conditions for Signed Caps

Only the first purchase holder of these NFTs will be entitled to receive the corresponding prizes. If these NFTs have been listed for resale on Sweet or elsewhere on the secondary market, there are no corresponding prizes that can be redeemed with the NFTs. The utility the NFTs give do not transfer with secondary market sales.

Delivery of the physical signed caps are the responsibility of Red Bull Racing Limited (“Red Bull”). The physical signed caps will be delivered by DHL or equivalent national or international delivery service, to the address provided by the winning bidder. Red Bull accepts no responsibility or liability in for any delays, damages or other issues with deliveries. The maximum delivery term shall be no longer than 60 days from the end of the Auctions. Any delay in relation to delivery of the rewards shall be communicated to the reward recipient(s).

In no event shall Red Bull be responsible or liable for any failure or delay in the performance of its obligations under these Terms arising out of or caused by, directly or indirectly, circumstances beyond its reasonable control, including but not limited to strikes, work stoppages, accidents, or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services, when these circumstances constitute a force majeure as defined under applicable local law.

To the fullest extent permissible by law, no conditions, warranties or other terms apply to the physical signed caps, which will each be delivered "as is" and without warranty of any kind, express or implied (including, without limitation, any implied warranty of satisfactory quality or fitness for a particular purpose).


Terms & Conditions for ‘ACTION.PACKED.’ Boxes

Only the first purchase holder of the corresponding NFTs will be entitled to receive the corresponding ‘ACTION.PACKED.’ box prizes. If this NFT has been listed for resale on Sweet or elsewhere on the secondary market, there are no corresponding prizes that can be redeemed with the NFT. The utility the NFT gives does not transfer with secondary market sales.

Each ‘ACTION.PACKED.’ box will contain the following items:

I. Welcome letter with exclusive online content access details

II. x1 Team cap

III. x1 Team rucksack

IV. x1 Team water bottle

V. x1 Team flag

VI. x1 signed print

VII. x2 Red Bull cans

VIII. x1 Race weekend theme recipe card

IX. x1 Wings for Life information card

X. x1 copy of Red Bulletin

XI. x1 VIP Team gift

Additionally, the winner of this auction will be the recipient of a personalised message from Sergio Perez ahead of the Austin race weekend.

In the event of supply difficulties, we reserve the right to make equivalent substitutions of items. Fulfilment of the ‘ACTION.PACKED.’ box is the responsibility of Red Bull Racing Limited (“Red Bull”). The ‘ACTION.PACKED.’ box will be delivered by DHL or equivalent national or international delivery service, to the address provided by the winning bidder. Red Bull accepts no responsibility or liability in for any delays, damages or other issues with deliveries. The maximum delivery term shall be no longer than 60 days from the end of the Auctions. Any delay in relation to delivery of the rewards shall be communicated to the reward recipient(s).

In no event shall Red Bull be responsible or liable for any failure or delay in the performance of its obligations under these Terms arising out of or caused by, directly or indirectly, circumstances beyond its reasonable control, including but not limited to strikes, work stoppages, accidents, or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services, when these circumstances constitute a force majeure as defined under applicable local law.

To the fullest extent permissible by law, no conditions, warranties or other terms apply to the ‘ACTION.PACKED.’ box, which will each be fulfilled "as is" and without warranty of any kind, express or implied (including, without limitation, any implied warranty of satisfactory quality or fitness for a particular purpose).


Terms & Conditions for Checo 1-2-1 Video Call

Only the first purchase holder of the corresponding NFT will be entitled to receive the corresponding Checo 1-2-1 Video Call. If this NFT has been listed for resale on Sweet or elsewhere on the secondary market, there are no corresponding prizes that can be redeemed with the NFT. The utility the NFT gives does not transfer with secondary market sales.

Fulfilment of the Checo 1-2-1 Video Call is the responsibility of Red Bull Racing Limited (“Red Bull”). The Checo 1-2-1 Video Call will be 10 minutes in length and held on Sunday the 31st of July 2022 - over the Hungarian Race Weekend (during the Race Overview). Questions must be submitted in advance to Red Bull who will then facilitate the prize. Any delay in relation to delivery of the rewards shall be communicated to the reward recipient(s).

In no event shall Red Bull be responsible or liable for any failure or delay in the performance of its obligations under these Terms arising out of or caused by, directly or indirectly, circumstances beyond its reasonable control, including but not limited to strikes, work stoppages, accidents, or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services, when these circumstances constitute a force majeure as defined under applicable local law.

To the fullest extent permissible by law, no conditions, warranties or other terms apply to the Checo 1-2-1 Video Call, which will each be fulfilled "as is" and without warranty of any kind, express or implied (including, without limitation, any implied warranty of satisfactory quality or fitness for a particular purpose).

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