Hendrick Motorsports NFTs Launching With Candy Digital
Hendrick Motorsports NFTs Launching With Candy Digital
Hendrick Motorsports is creating its first digital collectible and it’s launching Tuesday, February 15, 2022.
In collaboration with Candy Digital, the 14-time Cup Series championship organization is part of a new Candy Racing product line that includes the team's 2022 DAYTONA race cars.
Fans will be able to purchase unique NFT editions of 14 Cup Series race cars at racing.candy.com beginning Tuesday, Feb. 15 at 9 a.m. ET.
Our first #NFT drops Tuesday!— Hendrick Motorsports (@TeamHendrick) February 11, 2022
Be the first to know when our Feb. 15 four car drop goes live: https://t.co/HA2HrYxV7M pic.twitter.com/9jaUSDJFif
Hendrick Motorsports' lineup of NFTs, which feature a dynamic animation of a deconstructed race car, include the No. 5 HendrickCars.com Chevrolet Camaro ZL1, No. 9 NAPA Auto Parts Chevrolet Camaro ZL1, No. 24 Axalta Chevrolet Camaro ZL1 and No. 48 Ally Chevrolet Camaro ZL1.
Each car will be available for purchase for $50 until the drop of the green flag for the DAYTONA race on Sunday, Feb. 20 at 2 p.m. ET. Additionally, NFT owners of the digital collectible who finish in the top three in Sunday’s “Great American Race” will be air dropped a unique NFT commemorating the race winner.
Fans can also collect all 14 products through a bundle purchase for the price of $250 in the first 500 minutes of the products going live on Feb. 15. This special offer begins at 9 a.m. ET and will close at 5:20 p.m. ET. After that period, a bundle of all 14 products will be sold at $500.
Be sure to sign up for a Candy Digital account so you don’t miss out on Tuesday’s NFT drop and be the first to know about future drops throughout the season!
What is Candy Digital?
Candy is a next generation digital collectible company offering digital assets for fans and collectors.
Fans and collectors will be able to purchase, trade, and share NFTs to deepen their love of sports. Our team of world-class digital artists, designers, and technologists are developing a broad range of digital collectibles, beginning with sports content and expanding into art, entertainment, music, and more.
What is an “NFT”?
A Non-Fungible Token (NFT) is a unit of data, stored on a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent unique ownership of photos, videos, audio, and other types of digital files. Candy creates digital collectibles tied to real life experiences and events as NFTs.
What blockchain does Candy use for NFTs?
Candy Digital NFTs are built on top of Palm blockchain infrastructure due to its token powered ecosystem, scalability, and commitment to the experience of their creators and collectors. Palm uses a consensus mechanism called IBFT-2, a rotating Proof-of-Authority consensus method which allows affordable transactions and nearly 0% carbon footprint. Furthermore, Palm is a nice compliment to Ethereum L1. It allows for a quick, efficient, and clean marketplace for collectors to safely trade, buy, and sell verified Candy NFTs with the option to transfer NFTs to the mainnet and buy or sell on Opensea and other marketplaces (details).
How do I buy an NFT through Candy?
It's as simple as buying anything online. Go to www.candy.com, create an account if you haven't already, click on the item you like, and then simply pay with your credit card. You'll see your purchase in your personal Candy Collection.
Will I be able to sell these NFTs on Candy's secondary marketplace?
Yes, NFTs can be sold on Candy's verified secondary marketplace. Click “Marketplace” to get started.
What all team cars can be purchased through Candy's Next Gen Digi-Cast drop?
Fourteen cars will be available for purchase. Check out Candy's blog post for full details - click here.
When will the Candy Racing collection be released?
On February 15th, 2022 at 9:00 AM EST, Candy Racing’s first product line “Next Gen Digi-Casts” will be released on Candy’s primary marketplace.
The “Candy Racing Bundle” (all 14 cars) will also be released on the primary marketplace at 9:05 AM EST on February 15th. The Bundle will increase to $500 after the first 500 minutes.
The entire Candy Racing Collection will end at 2:00 PM ET on February 20th, 2022 when the primary marketplace closes.
Candy Racing will then open up to the secondary marketplace following the conclusion of the race at Daytona on February 20th, 2022.
How much will the NFTs in the Candy Racing Collection cost?
The first line of Candy Racing products is our “Next Gen Digi-Casts”. This series of Digi-Cast NFTs will sport the paint schemes of Candy’s 14 cars competing in the race at Daytona on February 20th, 2022.
Each “Next Gen Digi-Cast” NFT will cost $50.00 USD.
“Candy Racing Bundle"
Collect all 14 Next Gen Digi-Casts for only $250.00 USD when you buy the Field Bundle in the first 500 minutes of the Candy Racing launch on Tuesday, February 15th 2022
The pricing for the Field Bundle will change to $500.00 USD at the conclusion of 500 minutes
“The Candy Racing Bundle” will cost $500.00 USD.
Fans can purchase the entire line - aka “The Candy Racing Bundle” - which includes all 14 cars!
This is an open edition collection, meaning there is no limit to the number of NFTs available in this collection until the primary sales window ends, where the mint count will conclude and become established with a final count.
Check out the Candy Racing Challenge for the chance to win the limited edition Candy Cup collectible!
Purchases can be made using Visa/Mastercard, or using funds in your Candy balance.
Will I be able to sell my Candy Racing NFTs on OpenSea?
Candy Racing NFTs are minted on Palm. In the future, the functionality to sell Candy NFTs on OpenSea will be rolled out. At that time, collectors will need to transfer their NFTs to an external digital wallet and bridge them to Ethereum mainnet.
Where will I see my Candy Racing NFTs after purchasing?
Your Candy Racing NFTs will appear in “My Collection” within your Profile Page (top right). You can click this link to go directly to your Candy Racing collection: https://racing.candy.com/collection.
How will Candy Racing NFTs be serialized?
Candy Racing NFTs will be serialized on a first come, first serve basis. For example: the user who purchases first will have Serial #1 of that driver, the user who purchases second will have Serial #2, etc.
For the Candy Racing bundles - serial numbers are also first come, first serve. Serial numbers of the NFTs in the bundles can vary due to the timing of transactions on the blockchain and depending on the volume of users purchasing at the same time.
What is the “Candy Racing Collection Challenge” and how do I qualify?
The Candy Racing Collection Challenge celebrates the top 3 finishers from Candy’s 14 drivers that are competing in the race at Daytona on February 20th, 2022. Collectors who have a top 3 finisher in their collection will be rewarded with a special reward NFT. This NFT is exclusive to this challenge and will not be for sale on Candy’s primary marketplace.
The rewards will have 3 “tiers”: 1st place, 2nd place, and 3rd place. Each tier will be specific to each finisher.
The reward NFTs will be airdropped to the winners 7-10 days following the race at Daytona. Owners will receive a reward for each of the Top 3 finishers’ NFTs that they have in their collection (there is no limit for the amount of rewards a user can earn).
Please Note: Owners of top 3 finishers must have purchased their Candy Racing drivers on the primary marketplace, which closes at 2:00 PM ET on February 20th, 2022, in order to be eligible to participate and win in the Candy Racing Collection Challenge. Collectibles purchased after the primary marketplace closes at 2:00 PM ET on February 20th, 2022 will not receive a reward.
Will Candy Racing NFTs be available on Candy’s secondary marketplace?
Yes! Fans and collectors will be able to buy & sell Candy Racing collectibles when the secondary marketplace opens following the conclusion of the race at Daytona on February 20th, 2022.
Please Note: Purchases made on the secondary marketplace do not qualify for the Candy Cup Challenge.