OKX x McLaren: Digital Collectibles FAQ

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The partnership between OKX and McLaren brings fans closer to the world of Formula 1® through innovative digital collectibles. Built on cutting-edge Web3 technology, the Race Rewind collection offers a unique way to engage with the 2024 F1 season—track by track, race by race. Whether you're a die-hard motorsport enthusiast or a digital asset collector, this guide breaks down everything you need to know about claiming, managing, and benefiting from your digital collectibles.

What Are Digital Collectibles?

Digital collectibles are unique, non-fungible tokens (NFTs) that represent ownership of a specific digital asset. Each item is distinct and cannot be exchanged on a one-to-one basis due to its unique metadata. In the OKX x McLaren Race Rewind series, these digital collectibles commemorate every Grand Prix of the 2024 Formula 1 season.

These aren't just digital souvenirs—they're gateways to exclusive rewards, real-world experiences, and rare memorabilia from one of the most iconic teams in motorsport history.

👉 Discover how digital collectibles are transforming fan engagement in sports

When Are Race Rewind Digital Collectibles Released?

Each digital collectible drops during a specific window tied to the F1 race weekend:

This schedule applies to all races, including special events like the Las Vegas Grand Prix—even if the race timing differs, the drop window remains consistent.

If you miss the minting window, don’t worry. You can still acquire the collectible through the OKX secondary marketplace. This ensures every fan has a chance to complete their collection.

Benefits of Claiming Race Rewind Digital Collectibles

The Race Rewind collection features 24 digital collectibles, one for each F1 race in 2024. Each item comes in one of three rarity tiers:

While Classic items don’t include direct rewards, they contribute to completing your full-season collection—a key requirement for unlocking end-of-season perks.

Rare and Ultra Rare collectibles unlock exciting utilities, including:

At the end of the 2024 season, a final, limited-edition collectible will be released. To claim it, you must own at least one collectible from each of the 24 races. This ultimate reward includes special-tier NFTs and premium physical prizes.

Even if you only mint Classic-tier items, you remain eligible for season-end rewards as long as your collection is complete.

Understanding Utilities (Rewards)

In Web3 terminology, utility refers to real-world benefits tied to an NFT. For the Race Rewind collection, utilities are attached exclusively to Rare and Ultra Rare items.

Examples include:

These utilities are not automatic—you must actively claim them within a set timeframe.

How to Set Up Your Wallet

To participate, you’ll need a Web3 wallet. The easiest way is to use OKX Wallet, a non-custodial, multi-chain digital asset manager available as a browser extension or mobile app.

With a non-custodial wallet:

Your digital collectibles will be stored in your wallet and accessible via the OKX McLaren dashboard.

👉 Learn how to create and secure your OKX Wallet in minutes

How to Redeem Your Rewards

Once you’ve claimed a Rare or Ultra Rare collectible:

  1. Go to your OKX McLaren dashboard
  2. Locate the NFT with attached utility
  3. Click “Redeem” and complete the pop-up form

You can redeem multiple utilities at once. After redemption:

Physical rewards are shipped via DHL, with tracking updates sent via SMS. Winners of experiential prizes will be contacted by email at [email protected].

How to Check Your Collectible’s Rarity

Each digital collectible displays a rarity badge—clearly marked as:

This icon appears directly on the NFT in your wallet and on the OKX platform. Always verify rarity before trading or redeeming.

Where Are My Collectibles Stored?

All Race Rewind NFTs are stored in your connected Web3 wallet. You can access them anytime through:

Since these are on-chain assets, you maintain full ownership and control.

When Should I Redeem My Utility?

Utilities must be claimed within three weeks after the minting window closes for each race. After this period:

Mark your calendar—missing the deadline means losing access to physical rewards and experiences.

What If I Don’t Want to Redeem My Reward?

That’s okay. You can:

Even after utilities expire, Rare and Ultra Rare NFTs retain collectible value—especially if they’re part of a complete season set.

How to Trade or Sell Your Digital Collectibles

Selling your NFTs is simple:

  1. Open your OKX Wallet
  2. Navigate to the NFT marketplace
  3. List your item at a fixed price or auction
  4. Set your preferred fee (or list for free)

There are no mandatory listing fees, giving you full control over pricing and terms.

👉 Start exploring the OKX NFT marketplace today

What Happens If I Miss a Drop?

If you miss the Friday–Monday minting window:

However, remember: to qualify for the end-of-season grand prize, you must own at least one collectible from each of the 24 races—regardless of rarity.

Completing your set is key.

Why Are Minting Windows Limited?

Minting periods are time-bound to ensure fairness and system stability. In rare cases, OKX and McLaren may close the window early—such as during periods of unexpectedly high network congestion or gas fees.

This protects users from inflated transaction costs and ensures smooth access for all fans.

What Is X Layer?

All McLaren digital collectibles are built on X Layer, a high-performance blockchain layer developed by OKX. X Layer uses advanced zk-SNARK technology to deliver:

Why McLaren Chose X Layer

  1. Affordability: Enables fans worldwide to participate without high transaction costs
  2. Scalability: Supports high-volume drops during peak F1 weekends
  3. Ecosystem Access: Integrates with OKX Exchange and OKX Wallet, connecting fans to over 50 million Web3 users

X Layer already hosts over 114+ active DApps, with more launching regularly. Notable projects include:

As a McLaren NFT holder on X Layer, you gain direct access to this growing Web3 ecosystem.

FAQ Section

Q: Can I get multiple collectibles per race?

A: No—each fan can mint only one digital collectible per race during the drop window. However, additional Classic-tier items may be awarded as promotional bonuses (e.g., Canadian GP participants received eight bonus collectibles).

Q: I claimed a Canadian GP collectible—why did I get extra items?

A: As a special thank-you for early participation, fans who minted the Canadian GP NFT received eight complimentary Classic-tier collectibles from earlier races in the season.

Q: Do Classic-tier collectibles have any value?

A: While they don’t include direct rewards, they are essential for completing your season set—required for end-of-season eligibility. They also serve as authentic digital memorabilia.

Q: Can I transfer my NFT to another wallet?

A: Yes. As on-chain assets, your collectibles can be transferred to any compatible Web3 wallet at any time.

Q: What happens if I sell an NFT with unclaimed utility?

A: The new owner inherits the right to claim the utility—but only if they do so before the 3-week deadline. Once claimed or expired, the utility is gone.

Q: Are these NFTs environmentally friendly?

A: Yes. Built on X Layer’s efficient consensus mechanism, these collectibles have a minimal carbon footprint compared to traditional blockchains.

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