BangShift.com VP RACING FUELS ANNOUNCES TRANSITION TO TECH: Leaving Racing And Excessive Efficiency Market!

BangShift.com VP RACING FUELS ANNOUNCES TRANSITION TO TECH: Leaving Racing And Excessive Efficiency Market!


The racing and high-performance world is staggering from information that VP Racing Fuels, the corporate behind a number of the world’s most interesting race fuels, gasoline system components, and traction compound, is leaving the racing recreation. The radial racing world won’t ever be the identical, and we all know hundreds of racers who will probably be scrambling to search out substitute fuels for his or her race automobiles. The total announcement from VP is under.

San Antonio, TX (April 1, 2022) – VP Racing Fuels, Inc., a world chief in producing efficiency fuels, lubricants and components, introduced Friday it’s leaving the racing and automotive product trade, altering the corporate identify, and shifting focus to the expertise sector.

VP will discontinue manufacturing and gross sales of its present product traces and start producing non-fungible tokens (NFTs) for the metaverse below the identify of VP Tech, Inc. NFT value factors will fluctuate. Collectors of all ranges will be capable to seamlessly purchase, promote and commerce official VP digital collectibles by {the marketplace}.

“We consider that expertise, notably the metaverse, gives untapped alternative and potential to additional develop our model,” mentioned VP CEO Alan Cerwick. “We’ve been confronted with main provide chain points plus rising materials prices, and felt that the time was proper to make a significant transition. We see great upside with the NFT market and envision a day when VP goes from being acknowledged because the World Chief in Gasoline Know-how® to the World Chief in Jpegs™.”

VP additionally introduced a partnership with AFD Digital Motocross, the primary of a number of North American and European digital racing collection that VP will sponsor. The corporate will proceed to promote gasoline, lubricants, and components till its present provide is exhausted and can honor present race sponsorship contracts.

“After lastly debating, contemplating, and evaluating, we determined that this was a enterprise price pursuing,” mentioned VP’s vice chairman of client merchandise and race gasoline, Bruce Hendel. “It’s a large change and we perceive that many individuals will probably be disillusioned and confused. The metaverse and NFTs are simply beginning to scratch the floor. There actually isn’t any restrict to how massive this may be. Our artistic division has already developed a number of NFTs that we consider will probably be extraordinarily standard. We should always have extra info later right now about our preliminary tokens.” Hendel will take over as VP’s vice chairman of digital client merchandise and race gasoline and can work carefully with the corporate’s new supervisor of NFTs, Alfred F. Dunbar.



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December 2022