Elite Ferrari Clients Offered Chance to Bid on Le Mans Car Using Digital Tokens

Ferrari is enabling select customers to participate in bidding for a Le Mans race car through a blockchain-based digital token system.

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Terms & Concepts
  • Digital Token: A digital representation of value issued on a blockchain, which can be used for transactions or to access specific assets.
  • Blockchain: A distributed ledger technology that records transactions securely and transparently across multiple computers.
  • Tokenized Asset: A physical or digital asset represented by a blockchain-based token, allowing ownership or trading rights to be transferred digitally.