Transak Enables Fiat Purchases on VeChain’s New NFT Marketplace Service, Supports Gresini Racing’s First Collection


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  • Transak will power Gresini’s NFT collection sale on VeChain’s Marketplace as a service.
  • The partnership will open up NFT purchases to over 160 countries through fiat purchases. 
  • Transak offers a rather simple and seamless checkout process, eliminating complex hurdles around KYC, Risk compliance, and customer support.

NFT purchases have just been made much easier with Transak’s collaboration with VeChain’s new Marketplace-as-a-service. The integration of a fiat-based payment option on VeChain’s marketplace allows users to easily purchase NFTs by eliminating conventional barriers. 

The Gresini x Trasak partnership will provide the first exclusive NFT purchases for Gresini Racing as part of the partnership. The integration of a fiat-based checkout solution opens up the Non-Fungible Token world to more than 160 countries. Transak’s goal for inclusivity will allow crypto and NFT enthusiasts to purchase digital assets with a minimum of $0.01, making it the lowest ever seen within the industry. 

The involvement of the Gresini Racing Team shows the essence of this collaboration for the Web3 community. Considering Gresini’s Racing Team’s huge popularity within the Web2 space, it boosts Web3 enthusiasts and continues to open up the industry to more users. In return, the Gresini Racing team gains exposure to the Web3 community by exploring innovative ways of fan interaction and monetization. 

VeChain’s Marketplace-as-a-Service provides a no-code NFT marketplace that supports tokenized assets. The platform focuses on both digital and physical products aimed at businesses as well as individuals. The MaaS is a great tool that simplifies the process of tokenizing assets and makes them available to investors in the Web3 space. 

The blockchain community is experiencing an increase in demand for tokenized assets, and the Marketplace-as-a-Service eases the onboarding process for tokenized real-world assets. MaaS offers a simple interface with an easy-to-use checkout process, simplifying blockchain for users. 

“…We are thrilled to partner with Gresini Racing and for their new NFT marketplace launch on VeChain. This collaboration represents a significant leap in Web3 innovations as it effectively connects the world of motorsports with the new ownership-driven internet economy. With Transak’s NFT Checkout solution, fans worldwide can now effortlessly purchase NFTs using their preferred payment methods, from as little as one cent to up to seventy-five thousand dollars per transaction. This integration enhances accessibility and promotes a new dimension of fan engagement in motorsports.”  said Alessandro Raboni, Transak’sHead of Growth. 

Ben Moran, the Product Manager at VeChain Foundation, also added, 

“…This collaboration with Transak as NFT checkout service provider allows us to greatly streamline the ease of use for Gresini Racing’s Motorsport fans and make the whole experience a simple and enjoyable one.”

The Transak, VeChain, and Gresini’s partnership opens up the NFT world to global users. Transaks simple checkout process with low entry barriers allows global users to take advantage of the NFT marketplace. Gresini Racing fans will also adopt a new platform to interact with their favorite team, opening up the potential adoption by more sports teams in general. 

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