- The RSC will use the RSC Fund to address economic and gender inequality in the racing industry.
- The RSC Fund consists of 30% of all royalties from NFT secondary market fees.
- Creation of the RSC collection is set for June 29th.
The team behind the NFT Collection Racing Social Club (RSC) will raise funds to combat inequality and support drivers in the racing world.
In a press release shared with CQ, the team will use the RSC Fund to address economic and gender inequality. This is two of the most common issues in the racing industry, according to the release.
RSC believes that the financial requirements to participate in the race are a challenge for some drivers. In particular, TAG Heuer Porsche Formula E Team test and development driver Simona de Sylvestro said in an interview with Julius Baer that starting a racing career is a “big investment.” Through this fund, RSC wants to help racers alleviate financial problems.
In addition, RSC aims to uphold gender equality. In a recent AMA with RSC, racing driver Bianca Bustamante revealed that it is difficult for women to compete in such male-dominated sports. The team did not elaborate on how the RSC Fund will be used in this case, but “until there is no distinction between men and women in racing sports” to raise awareness of gender inequality. I am aiming.
The RSC Fund consists of 30% of all royalties from secondary market fees in transactions involving the RSC NFT collection. The system also incorporates a DAO structure that allows community members to vote on decisions such as fund beneficiary decisions.
Racing Social Club is an NFT collection of 3,333 racers randomly generated on the Ethereum blockchain. Each NFT comes with utilities such as race weekends, eSports events, entertainment, VIP experiences, fund voting rights and giveaways. Creation of the RSC collection is set for June 29th.
According to their website, the RSC team will hold an event and work with racers to grow the racing social club brand and introduce more exclusive benefits to the community.