Transak Backs Fiat-NFTs on VeChain, Fuels Gresini Racing’s First Drop

Transak, a global leader in web3 payment and onboarding, now enables users to convert fiat currency into NFTs on the VeChain Marketplace-as-a-Service (MaaS) platform.

Users from over 160 countries can trade traditional currency for NFTs, with transactions starting as low as one cent—a notable industry achievement. 

Gresini Racing, a MotoGP World Championship team, is among the first to benefit from the Transak-VeChain partnership by launching 10,000 NFTs on the MaaS. 

With Transak’s checkout solution, fans worldwide can seamlessly purchase NFTs using a variety of payment methods, offering greater accessibility and opening new avenues for fan engagement in motorsports and beyond.

Source: VeChain (Gresini Marketplace)

Driving Fan Engagements

Transak offers various services in addition to its fiat transactions for NFTs, including non-custodial payment options for multiple cryptocurrencies. Its partners impressively include industry leaders like MetaMask and Coinbase Wallet.

VeChain, on the flip side, excels in blockchain technology, providing enterprise solutions with a focus on sustainability and digital innovation. Its MaaS platform is a no-code NFT marketplace that represents both digital and physical products and streamlines the onboarding of tokenized real-world assets.

As such, this partnership also introduces the concept of ‘phygitals‘, merging physical and digital assets through NFC technology. Fans can own memorabilia that is both tangible and enhanced with digital features, making the overall collecting experience more immersive and interactive.