Digital collectibles are revolutionizing how fans engage with their favorite sports teams and events. The collaboration between OKX and McLaren brings an exclusive, immersive experience to Formula 1® enthusiasts through the Race Rewind digital collectibles series. Built on cutting-edge Web3 technology, this collection allows fans to own unique pieces of McLaren memorabilia while unlocking real-world rewards and experiences.
In this comprehensive guide, we’ll walk you through everything you need to know about the Race Rewind digital collectibles drop, including how to claim, redeem, and trade your NFTs, what benefits they offer, and how the underlying technology enhances your experience.
What Are Digital Collectibles?
Digital collectibles are unique tokens stored on a blockchain, each with distinct metadata that makes them one-of-a-kind. Unlike standard digital files, these tokens are verifiably scarce and securely owned by individuals via a Web3 wallet.
In the context of the OKX x McLaren partnership, each Race Rewind digital collectible commemorates a specific Formula 1 race from the 2024 season. These aren't just images — they're authenticated digital assets that can grant access to exclusive rewards and serve as proof of fan engagement.
👉 Discover how digital collectibles are changing fan engagement in sports.
When Will Race Rewind Digital Collectibles Be Available?
Each digital collectible is released during a specific window tied to the Formula 1 race weekend:
- Availability Window: 10:00 AM GMT Friday to 10:00 AM GMT Monday
- Applies to every race weekend in the 2024 season
- Las Vegas Grand Prix follows the same schedule despite its unique race timing
If you miss the minting window, don’t worry — you can still acquire the collectible through the secondary marketplace. However, claiming during the official drop ensures you have full access to time-sensitive utilities.
Benefits of Claiming Race Rewind Digital Collectibles
The Race Rewind collection features 24 digital collectibles, one for each F1 race in 2024. Each comes in one of three rarity tiers:
- Classic – A digital keepsake of the race; no direct prize, but contributes to season completion
- Rare – Includes access to physical rewards like merchandise
- Ultra-Rare – Offers premium prizes such as signed memorabilia or VIP experiences
End-of-Season Grand Prize
At the conclusion of the 2024 season, a final collectible will be issued — but only to fans who own at least one collectible from each race. This ultimate drop includes Rare and Ultra-Rare variants with special rewards.
Even if you start late, you can complete your set via the secondary market and remain eligible.
👉 See how collecting digital memorabilia can lead to real-world rewards.
What Is a Utility (Reward)?
In Web3 terminology, a utility refers to the functional benefit tied to holding a specific digital collectible. For the Race Rewind series:
Rare & Ultra-Rare collectibles come with utilities such as:
- McLaren-branded merchandise (e.g., caps, apparel)
- Signed physical items
- Exclusive fan experiences (trackside events, meet-and-greets)
These utilities are redeemable directly through your OKX dashboard.
How Do I Set Up a Wallet?
To participate, you’ll need a Web3 wallet. The easiest option is the OKX Wallet, which supports multi-chain assets and integrates seamlessly with the McLaren collectibles platform.
You can:
- Use the browser extension
- Download the mobile or web app
The OKX Wallet is noncustodial, meaning only you control your assets. No third party — including OKX — can access your funds or NFTs.
How Can I Redeem My Collectible’s Utility?
Follow these steps to claim your reward:
- Log in to your OKX McLaren dashboard
- Navigate to your collection
- Click “Redeem” on the desired collectible
- Fill out the required form (shipping details, contact info)
After redemption, your original Rare or Ultra-Rare NFT will be replaced with a stamped version labeled “utility claimed.” This new NFT remains tradable but cannot be used to claim the prize again.
- Physical prizes are shipped via DHL with SMS tracking updates
- Experiences are coordinated via email ([email protected])
How Do I Know My Collectible’s Rarity?
Each digital collectible displays a rarity icon clearly indicating its tier:
- Classic
- Rare
- Ultra-Rare
This icon is visible in your wallet and on the OKX platform dashboard.
Where Are My Digital Collectibles Stored?
Your collectibles are stored on-chain in your linked Web3 wallet. To claim them:
- Create or connect a compatible wallet (OKX Wallet recommended)
- All assets are under your full custody
Because it’s noncustodial, you retain complete control — no one else can manage or access your NFTs.
When Must I Redeem My Utility?
Utilities must be redeemed within three weeks of the minting window closing for that race. After this period:
- The utility becomes permanently unavailable
- Your collectible will be stamped accordingly
This ensures fairness and prevents duplicate claims or trades of "used" high-value NFTs.
What If I Don’t Want to Redeem My Prize?
You’re not obligated to claim your utility. You can:
- Sell your collectible on the secondary marketplace at any price
- Trade it freely, even after the redemption window closes
However, once the deadline passes, the utility cannot be claimed — even by future owners.
How Do I Trade or Sell My Digital Collectible?
Selling your NFT is simple through the OKX NFT marketplace:
- Go to your collection dashboard
- Select the collectible
- List it for sale with your chosen price
The platform handles transactions securely, ensuring smooth transfers and payments in crypto.
What Happens If I Miss a Drop?
If you miss claiming during the 10 AM GMT Friday to Monday window:
- You can still buy the collectible on the OKX secondary marketplace
- This is essential if you’re aiming for the end-of-season grand prize
Remember: You need one collectible from each of the 24 races, regardless of rarity, to qualify.
Why Are Drops Sometimes Limited?
OKX and McLaren reserve the right to pause or end minting early under exceptional circumstances — for example, if gas fees spike unexpectedly. This protects users from high transaction costs and ensures a smooth experience.
What Is X Layer?
All McLaren digital collectibles are built on X Layer, a high-performance blockchain co-developed by OKX. It’s designed for speed, affordability, and security.
Why X Layer?
- Speed: Near-instant transaction finality
- Affordability: Extremely low gas fees, enabling global participation
- Innovation: Powered by advanced zk-SNARK technology for privacy and efficiency
Key Advantages for Fans
- Transactions are faster and cheaper than on traditional blockchains
- Integrated directly with OKX Exchange and OKX Wallet
- Connects you to over 50 million crypto-native users
- Access to more than 114+ decentralized apps (DApps) at launch
Flagship projects on X Layer include:
- Infrastructure: Chainlink, The Graph, Safe
- DeFi: Curve, Frax, Renzo
- Web3 Tools: Particle Network, Api3
This ecosystem gives NFT holders more ways to use their digital assets beyond mere ownership.
FAQ: Frequently Asked Questions
Q: Can I get a refund after claiming a digital collectible?
No refunds are available after minting. However, you can sell or trade your collectible on the secondary market if you no longer wish to hold it.
Q: Do Classic collectibles count toward the end-of-season prize?
Yes! Any collectible — regardless of rarity — from each race counts toward qualifying for the final drop.
Q: Can I use someone else’s wallet to claim a collectible?
You must use your own Web3 wallet. The collectible will be tied to that wallet address permanently.
Q: Are utilities transferable if I sell my NFT before redeeming?
No. If you sell a Rare or Ultra-Rare collectible before redemption, the new owner inherits the utility — but only if it’s still within the 3-week redemption window.
Q: How are winners of experiences notified?
Experience winners receive an email from [email protected] with next steps and coordination details.
Q: Is there a limit to how many collectibles I can claim per race?
Yes — one per wallet per race weekend during the drop window.