Sport
World Championship Air Race Officially Launches 2023-24 Race Series, and Announces Global Strategic Partnership with iSHANG and Coinstreet on NFTs and Web 3.0 Games
World Championship Air Race was developed in 2003* and accredited by the Fédération Aéronautique Internationale (FAI) in 2006. As the most advanced aerial challenge in existence, the event involves competitors navigating a challenging obstacle course within the fastest time. Pilots fly individually and complete tight turns through a slalom course consisting of pylons, known as "Air Gates." Flying just meters from the ground, they race against the clock whilst reaching speeds of up to 370 km/h, requiring a combination of precision and skill unmatched in the world of aviation. Pilots must be in peak physical condition as they endure forces up to 10G while navigating the technical racetracks made up of air-filled pylons.
Each World Championship Air Race series comprises a number of air races held in major cities around the world. Since 2003, this international event has taken place in a total of 35 cities with 94 races completed, including some of the world's most beautiful destinations such as the thriving Abu Dhabi (UAE), the picturesque Cannes ( France ), the vibrant seashore of Chiba ( Japan ), the beautiful Danube River in Budapest ( Hungary ), the charming Wiener Neustadt ( Austria ), and the iconic birthplaces of motorsports – Indianapolis ( USA ) and Fort Worth, Texas (USA). The races were broadcasted on TV in 186 regions around the world and attracted 280 million supporters worldwide.
The World Championship Air Race is set to debut at the International MotorXpo Hong Kong 2022 held at AsiaWorld-Expo from December 8-11, 2022 , and to officially activate publicity and promotional activities for its "2023-24 Race Series." During IMXHK 2022, a real-size model of an Edge 540 race plane will be publicly showcased for the first time in Hong Kong . Not only will the audience have a close-up view of a race plane specialized for air racing, but they will also have a chance to get an amazing shot and share it with friends on social media.
World Championship Air Race also announces its global strategic partnership with Coinstreet and iSHANG. The trio will jointly launch the limited edition "World Championship Air Race 2023-24 Race Series NFT," which will accept pre-sale whitelists at IMXHK 2022. The WCAR-iSHANG-Coinstreet partnership also encompasses future cooperation related to different types of NFTs, such as Host-City NFT, Pilot NFT, NFT-membership, and Web 3.0 games that evolve around the World Championship Air Race intellectual property rights.
Mr. C.P. Leung, Chairman of the World Championship Air Race, said,
Mr. Michael Leung , Co-Founder and President of iSHANG said,
Mr. Samson Lee , founder and CEO of Coinstreet, commented,
A market report published by Verified Market Research (VMR) projects the NFT market value to reach USD 231 billion by 2030. VMR further predicts that the sector will grow at a compound annual growth rate of 33.7% over the next eight years. A key driver of demand for NFTs is their proliferation across multiple industries and walks of life, including music, films, and sports. The limited edition "World Championship Air Race 2023-24 Race Series NFT" aims to be a major phygital NFT project in the sport industry, to join the whitelist of, please visit – https://ishang.com/drops/world-champ-air-race.
FAI, the World Air Sports Federation, is the world's governing body for air sports and for certifying world aviation and space records. FAI was founded in 1905 and is a non-governmental and non-profit making organization recognized by the International Olympic Committee (IOC). FAI's activities include Aerobatics, Aeromodelling, Airships, Amateur-Built and Experimental Aircraft, Balloons, Drones, Gliding, Hang Gliding, Helicopters, Manpowered Flying, Microlights, Parachuting, Paragliding, Paramotors, Power Flying and all other Aeronautic activities and Space records. For more information about FAI, please visit www.fai.org
The World Championship Air Race was developed in 2003* and accredited by the Fédération Aéronautique Internationale (FAI) in 2006 as a world championship competition. As the most advanced aerial challenge in existence, the event involves competitors navigating a challenging obstacle course within the fastest time. Pilots fly individually against the clock and have to complete tight turns through a slalom course consisting of pylons, known as "Air Gates." At each race city, the top eight places earn World Championship points. The air racer with the most points at the end of the Championship becomes The World Champion. The series has two pilot categories: Master Class and Challenger Class. The Challenger Class is the entry-level class for pilots before they progress to the Master Class. Each World Championship Air Race series comprises a number of air races held in major cities around the world. Since 2003, this international event has taken place in a total of 35 cities with 94 races completed. For more information about World Championship Air Race, please visit www.faiwcar.com
iSHANG is a member of Coinstreet, focusing on NFT and Web 3.0 business. iSHANG operates a B2B NaaS (NFT-as-a-Service) platform that provides enterprises with different types of NFT applications and vertical solutions. The iSHANG NaaS platform enables these businesses to launch tailored, brand-based NFT campaigns and incorporate NFT technology into their business processes and service offerings, while capturing Web 3.0 opportunities. iSHANG also operates a B2C NFT 3.0 marketplace that provides IP licensing, NFT creative design, minting, drops launchpad, and P2P trading platform. For more information about iSHANG, please visit – www.ishang.com
Founded in 2017, Coinstreet is an award-winning TechFin service and solution provider offering premium financial services firm for private wealth, and a professional advisory and consulting firm in Blockchain, Digital Asset, Defi, and FinTech sectors. Coinstreet's vision is to use new alternative assets such as tokenized assets, digitized securities, and NFT (non-fungible tokens), collectively referred to as TADS (Tokenized Asset & Digitized Securities), to provide additional global fundraising means for high-quality companies and to provide professional investors to high-quality alternative investment opportunities. Coinstreet provides one-stop, end-to-end solutions for TADS structure design, and overall token product lifecycle management process. Up to now, Coinstreet has assisted and participated in more than 20 blockchain, digital asset, and FinTech projects in the international market. Recently, Coinstreet was awarded "Asia Futurist Leadership Award" and "London Security Tokens Realised Awards," and has been approved for two projects in the "Digital Asset" and "Reg Tech" categories under the FinTech Proof-of-Concept Subsidy Scheme, organized by the Hong Kong Financial Services and the Treasury Bureau of Hong Kong. Coinstreet is also the co-organizer of the following two events: TADS Awards (www.TADSawards.org) – the world's first international award for Tokenized Assets and Digitized Securities sector, and the Digital Asset Series (DAS, www.digitalassetseries.org) – a series of seminars that aim to provide free education for the general public about the ever-growing landscape of digital assets and facilitate mass adoption. For more information on Coinstreet, please visit – www.coinstreet.partners
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