World Championship Air Race Officially Launches 2023-24 Race Series, Announces Global Strategic Partnership with iSHANG and Coinstreet on NFTs and Web 3.0 Gaming

• The World Championship Air Race (WCAR) is one of the world’s most popular motorsports and has been accredited by the Fédération Aéronautique Internationale (FAI) as a World Championship sporting event since 2006.

• From 8-11 December at International MotorXpo Hong Kong 2022, the World Championship Air Race will officially launch the 2023-24 Race Series and showcase a life-size model of a World Championship Air Race Edge 540 racing aircraft.

• WCAR, iSHANG and Coinstreet jointly announce a global strategic partnership to launch a limited edition “World Championship Air Race NFT” and to develop the Web 3.0 Air Race Game.

HONG KONG, 29 November 2022 /PRNewswire/ — The World Championship Air Race (WCAR) is an air motor sports series that requires a combination of speed, precision and skill. It is one of the world’s most popular motor sports, after Formula 1 and Grand Prix Motorcycle Racing. WCAR will officially launch the 2023-24 Race Series at International MotorXpo Hong Kong 2022 (“IMXHK 2022”) and showcase a life-size model of a World Championship Air Race Edge 540 racing aircraft. At IMXHK 2022, the World Championship Air Race and iSHANG Technology Limited (“iSHANG”) will also host a signing ceremony for the limited edition collaboration “World Championship Air Race 2023-24 Race Series NFT” which will begin accepting pre-sale whitelists — https ://ishang.com/drops/world-champ-air-race.

Globally, the World Championship Air Race announces strategic partnership with Coinstreet and iSHANG on Web 3.0 games and various types of NFTs, such as Host-City NFT, Pilot NFT, NFT membership that evolve around World Championship Air Race intellectual property rights.

The World Championship Air Race was developed in 2003* and accredited by the Fédération Aéronautique Internationale (FAI) in 2006. As the most advanced air challenge in existence, the event involves contestants navigating a challenging obstacle course in the fastest time possible. Pilots fly individually and complete tight turns through a slalom course made up of pylons known as “Air Gates”. Flying mere meters from the ground, they race against the clock while 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 top physical shape as they withstand forces of up to 10G while navigating the technical racetracks made up of air-filled pylons.

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Each World Championship Air Race series consists of a series 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 completed races, including some of the world’s most beautiful destinations such as thriving Abu Dhabi (UAE), picturesque Cannes (France), the vibrant coast of Chiba (Japan), the beautiful Danube River in Budapest (Hungary), the charming Wiener Neustadt (Austria), and the iconic birthplaces of motorsport – Indianapolis (USA) and Fort Worth, Texas (United States). The races were televised in 186 regions around the world and attracted 280 million followers worldwide.

World Championship Air Race to activate the 2023-24 Race Series

The World Championship Air Race will make its debut at the International MotorXpo Hong Kong 2022 which will be held at the AsiaWorld-Expo from 8–11 December 2022, and officially activate publicity and promotional activities for its “2023-24 Race Series.” During IMXHK 2022, a full-size model of an Edge 540 racing aircraft will be shown publicly for the first time in Hong Kong. Not only will the audience get a close-up view of a racing aircraft specialized for air racing, but they will also have a chance to get an amazing photo and share it with friends on social media.

The strategic partnership includes various types of NFTs and Web 3.0 games

The 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 includes future cooperation related to various types of NFTs, which Host-City NFT, Pilot NFT, NFT Membership and Web 3.0 games developing around World Championship Air Race intellectual property rights.

Mr. CP Leung, Chairman of the World Championship Air Race, said: “Due to the global epidemic situation, the World Championship Air Race has been suspended for three years and we are pleased to announce the relaunch of this once most popular air sports event in 2023. We are working with teams in AsiaAmerica, the Middle East, Europe, and the Oceania regions, and are in the final stages of discussions. We will soon announce all the cities for the 2023-24 Race Series.”

MR. Michael Leungsaid co-founder and president of iSHANG, “It is a pleasure to fully support iSHANG and the World Championship Air Race, a traditional Tier 1 international sporting event, which uses the latest NFT technology to create new value propositions for consumers and enhance the customer experience. I also look forward to expanding this exciting world-class extreme sports event to many other cities in the near future.”

MR. Samson Leefounder and CEO of Coinstreet, commented, “Not only do we now have Web 3.0, but NFT has also evolved from game-based elements – 1.0 – to digital art – 2.0 – to now being a multi-purpose decentralized application adopted and used by brands, businesses, financial institutions, public organizations and authorities – NFT 3.0. We fully support the strategic cooperation between the World Championship Air Race, iSHANG and Coinstreet. We believe that the NFT 3.0 model can help bring the World Championship Air Race to the metaverse and Web 3.0 space, expand new marketing opportunities and open up to new customer groups.”

A market report published by Verified Market Research (VMR) estimates the NFT market value to be reached 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, movies and sports. The limited edition “World Championship Air Race 2023-24 Race Series NFT” aims to be a major phygital NFT project in the sports industry, to join the whitelist for, please visit – https://ishang.com/drops/ world-champ air race.

* Until 2019, the World Championship Air Race was exclusively sponsored by red bull, previously the event was called and known as the “Red Bull Air Race World Championship.” This title naming scheme has now ended.

About the Fédération Aéronautique Internationale (FAI)

The FAI, World Air Sports Federation, is the world’s governing body for air sports and for the certification of world aviation and space records. Founded in 1905, the FAI is a non-governmental and non-profit organization recognized by the International Olympic Committee (IOC). The FAI’s activities include aerobatics, aircraft modelling, airships, amateur built and experimental aircraft, balloons, drones, gliding, hang gliding, helicopters, manpowered flight, microlights, parachuting, paragliding, paramotors, power flying and all other aviation activities and space records. For more information about FAI, please visit www.fai.org

About the World Championship Air Race (WCAR)

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 in the fastest time possible. Pilots fly individually counter-clockwise and must complete tight turns through a slalom course made up of pylons, known as “Air Gates”. In each race city, the eight best places receive world championship points. The air racer with the most points at the end of the championship becomes world champion. The series has two pilot categories: Master Class and Challenger Class. The Challenger class is the entry-level class for pilots before progressing to the Master Class. Each World Championship Air Race series consists of a series 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 completed races. For more information on the World Championship Air Race, please visit www.faiwcar.com

* Until 2019, the World Championship Air Race was exclusively sponsored by red bullpreviously, the event was named and known as the “Red Bull Air Race World Championship.” This title naming scheme has now ended.

About iSHANG Technology Limited (iSHANG)

iSHANG is a member of Coinstreet, with a focus on NFT and Web 3.0 business. iSHANG operates a B2B NaaS (NFT-as-a-Service) platform that provides businesses with various types of NFT applications and vertical solutions. The iSHANG NaaS platform enables these businesses to launch tailored, branded 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 offering IP licensing, NFT creative design, coining, drops launchpad and P2P trading platform. For more information about iSHANG, please visit – www.ishang.com

About Coinstreet Holdings Limited (Coinstreet)

Founded in 2017, Coinstreet is an award-winning TechFin service and solution provider offering premium financial services for private wealth, and a professional advisory and consulting firm in the 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 for high-quality companies and to provide professional investors with high-quality alternative investment opportunities. Coinstreet offers one-stop, end-to-end solutions for TADS structure design, and total token product lifecycle management process. Until now, Coinstreet has assisted and participated in more than 20 blockchain, digital asset and FinTech projects in the international market. Recently, Coinstreet was awarded the “Asia Futurist Leadership Award” and the “London Security Tokens Realized 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 Hong Hong Kong Financial Services and the Treasury Bureau of Hong Kong. Coinstreet is also a co-organizer of the following two events: TADS Awards (www.TADSawards.org) – the world’s first international award for the Tokenized Assets and Digitized Securities sector, and the Digital Asset Series (DAS, www.digitalassetseries.org) – a series of seminars that aims to provide free education for the general public about the ever-expanding landscape of digital assets and facilitate mass adoption. For more information about Coinstreet, please visit – www.coinstreet.partners

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SOURCE World Championship Air Race