Formula 1 teams Red Bull Racing and McLaren have announced new digital collectible initiatives. Red Bull Racing, in collaboration with Bybit and artist kGolid, has launched the Velocity Series 2.0, featuring the 'Decision Matrix' and 'Risk / Reward' collections. These collections aim to engage fans with exclusive digital assets. Meanwhile, McLaren, in partnership with OKX, is unveiling the Race Rewind Collection. This collection includes 24 dynamic digital collectibles, each representing one of the 24 races in the season. These NFTs, available on the Ethereum layer-2 network, offer fans the chance to unlock exclusive prizes and VIP experiences. The first collectible, themed around the Canadian Grand Prix, is now available for free minting starting from 10am GMT.