Roush Fenway Racing launches Socios fan token

Nascar team aiming to increase engagement with global fan base.

Roush Fenway Racing launches Socios fan token

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  • Fan Tokens to be launched on Socios.com
  • Fans will be able to decide car paint schemes and pit signage

Roush Fenway Racing are set to become the first Nascar team to launch fan tokens to drive engagement with their fan base.

The fan tokens will be launched in partnership with Socios.com, a blockchain-powered fan rewards platform.

Fan tokens are unique digital collectible assets which provide owners with offer a variety of engagement activities, such as polling, VIP rewards access and exclusive promotions.

As part of the deal, Roush Fenway Racing fans will be able to influence team decisions using the fan tokens at Nascar's Watkins Glen event on 8th August.

Decisions such as car paint schemes, team uniforms and pit signage will be made by fans using their tokens on Socios ahead of the race.

"We are excited to provide fans with the opportunity to play a real role in selecting what our cars and other assets will look like and believe it will resonate very well throughout the industry," said Steve Newmark, Roush Fenway Racing president.

"We’re appreciative of everyone at Socios.com for their interest and trust in Roush Fenway and can’t wait to kick off a fun partnership that brings our goals and objectives to life."

Several sports have recently entered the fan token sector, including Spanish soccer giants Barcelona and National Hockey League (NHL) franchise the New Jersey Devils.

The 2021 Cup Series season continues on 16th May at Dover International Speedway.