The First Racing Memorabilia NFT’s are coming…

An NFT (non-fungible token) is a special cryptographically-generated token that uses blockchains or ledgers to link with a unique digital asset that cannot be replicated.

It is intended to provide scarcity in that uniquely verifiable asset so the risks to the owner’s digital rights, or that owner’s ability to share it, are not greater than they need to be.

In economics, it is historically proven that real, physical assets are the greatest hedge against flationary risk (inflationary, deflationary, reflationary and disinflationary).

Physical assets would be resources like land, food, energy, water or precious metals.

We all need resources, so the constant demand on these goods, with a manageable supply, is essentially a guarantee on economic health.

The risks to economic health come with a lack of transparency, and provenance (proof of ownership), such that goods and services are often priced out of the market, or simply made unavailable to more people.

In cryptoeconomics, it is generally thought that the networks themselves — such as blockchains or ledgers — are a hedge against this risk.

Life is a race, whatever you do you always want to finish first