Miami, Florida, April 29th, 2024

Transak's NFT Checkout feature is now available on VeChain's Marketplace-as-a-Service (MaaS) platform. This partnership allows users to make fiat-to-NFT purchases in more than 160 countries with a low minimum purchasing limit of $0.01. Gresini Racing has taken advantage of this collaboration by offering their NFTs on the platform with the support of Transak.

The integration of Transak ensures a simple and seamless checkout experience for Gresini Racing's community, making it easier for users who are not familiar with web2 to engage with NFT transactions. VeChain and Transak's technologies work together to simplify the use of blockchain tools and abstract the technical complexities involved in NFT transactions.

MaaS was recently introduced by VeChain as a platform that caters to the digital asset space, offering a no-code NFT marketplace for digital and physical products aimed at both individuals and businesses. This launch responds to the increasing demand for tools that simplify the onboarding process for tokenized real-world assets, eliminating the need for in-depth blockchain knowledge.

The implementation of MaaS alongside Transak's Web3-focused NFT Checkout solution presents new opportunities for sports clubs like Gresini Racing to engage with fans on a global scale through exclusive tokenized content. This advancement enhances fan engagement and monetization strategies for these organizations.

The collaboration with Transak brings the concept of 'phygitals' into play, combining physical and digital assets through NFC technology. Fans can now own tangible memorabilia infused with digital features, creating an immersive fan experience with interactive elements.

Transak's Head of Growth, Alessandro Raboni, expressed excitement about partnering with Gresini Racing and launching their NFT marketplace on VeChain. This collaboration signifies a major milestone in Web3 innovations by bridging motorsports with the ownership-driven internet economy.

Through Transak's NFT Checkout solution, fans have the opportunity to purchase NFTs using various payment methods, ranging from one cent to seventy-five thousand dollars per transaction. This integration enhances accessibility and promotes a new level of fan engagement within the motorsports industry.

Ben Moran, Product Manager at VeChain Foundation, highlighted the significance of MaaS as a valuable addition to their tool suite. The collaboration with Transak simplifies the user experience for Gresini Racing's fans, making the process enjoyable and straightforward.

About Transak

Transak is a global web3 payment and onboarding infrastructure provider that facilitates seamless transitions between traditional finance and crypto assets. Their product suite offers fiat-to-crypto services, a fiat-to-smart-contract solution, and a fiat-to-NFT checkout solution, supporting onboarding to various crypto assets across multiple blockchains.

About VeChain

VeChain is a leading smart contract platform focused on real-world blockchain adoption. By leveraging trustless data, smart contracts, and IoT technologies, VeChainThor enables enterprise solutions across different sectors with a mission to drive sustainability and digital transformation on a global scale.