OKX x McLaren: FAQs About Digital Collectibles

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The collaboration between OKX and McLaren Racing brings fans an innovative way to engage with Formula 1® through digital collectibles. These unique Web3 assets offer more than just memorabilia — they unlock real-world rewards, exclusive experiences, and a deeper connection to the team. Whether you're new to NFTs or a seasoned collector, this guide answers all your pressing questions about the Race Rewind digital collectible series.

What Are Digital Collectibles?

Digital collectibles, also known as non-fungible tokens (NFTs), are unique digital assets verified using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, each digital collectible is one-of-a-kind or part of a limited set, making it non-interchangeable.

Each McLaren Race Rewind collectible features unique metadata and visual design tied to a specific Formula 1® race in the 2024 season. These aren’t just digital images — they represent authentic, verifiable memorabilia from one of the most iconic teams in motorsport history.

👉 Discover how to start your digital collectibles journey today.

When Are Race Rewind Digital Collectibles Released?

New digital collectibles are released for every Formula 1® race weekend during the 2024 season. The minting window opens at 10:00 GMT on Friday and closes at 10:00 GMT on Monday of each race weekend.

This schedule remains consistent across all races, including special events like the Las Vegas Grand Prix, regardless of local timing differences.

If you miss the free claim period, don’t worry — you can still acquire the collectible through the OKX secondary marketplace.

Why Should I Collect Race Rewind NFTs?

The Race Rewind collection features 24 digital collectibles, one for each round of the 2024 F1® season. Each collectible comes in three rarity tiers:

While all versions celebrate McLaren’s racing legacy, Rare and Ultra-Rare collectibles come with utility — tangible benefits such as:

Even Classic-tier NFTs contribute to a larger goal: completing your full-season collection unlocks eligibility for the final-season Ultra-Rare NFT, which includes special rewards.

If you're missing any race collectible, you can purchase it on the OKX marketplace to complete your set.

What Is Utility in Web3 Collectibles?

In Web3, "utility" refers to real-world or digital perks tied to owning a specific NFT. It transforms a digital asset from a static image into a functional key that grants access to rewards, services, or experiences.

For McLaren’s Race Rewind series:

This ensures fairness and prevents duplicate claims while preserving ownership rights.

How Do I Create a Wallet?

To receive, store, or trade digital collectibles, you’ll need a Web3 wallet. The easiest way to get started is by creating an OKX Wallet, a non-custodial, multi-chain solution available as a:

With OKX Wallet, you maintain full control over your private keys and assets. No third party — including OKX — can access your funds or NFTs.

A non-custodial wallet means security and ownership are in your hands. Always safeguard your recovery phrase and never share it.

👉 Set up your secure Web3 wallet in minutes.

Where Are My Collectibles Stored?

All Race Rewind digital collectibles are stored securely in your connected Web3 wallet. Once claimed, you can view them in your collection via the OKX NFT Marketplace or the dedicated OKX McLaren dashboard.

To participate:

  1. Create or connect a compatible Web3 wallet.
  2. Claim your NFT during the active minting window.
  3. Access your collection anytime online.

These assets live on the blockchain — meaning they’re immutable, globally verifiable, and always under your control.

How Do I Claim My Rewards?

Redeeming your benefits is simple:

  1. Go to the OKX McLaren dashboard.
  2. Find the collectible with active utility.
  3. Click “Claim” and fill out the required form.

You can claim multiple rewards at once. After submission:

Remember: You must claim utility within three weeks of the minting period ending. After that, rewards expire permanently.

How Do I Check My Collectible’s Rarity?

Each Race Rewind NFT displays its rarity level clearly:

This label appears directly on the asset preview and metadata. Rarity determines both scarcity and potential rewards — so check yours early!

When Must I Claim My Utility?

Time is limited: you have exactly 21 days (3 weeks) after the minting window closes to claim any associated rewards.

After this period:

This prevents abuse and ensures only rightful owners access time-sensitive experiences.

What If I Can’t Use or Don’t Want My Prize?

No problem. You have full flexibility:

Even if you don’t redeem the utility, the collectible retains value — especially if it’s Rare or Ultra-Rare.

Just remember: once the 3-week claim window passes, rewards cannot be retrieved by future owners either.

How Do I Sell or Trade My Digital Collectible?

Selling your NFT is straightforward:

  1. List it on the OKX NFT marketplace.
  2. Set your price in ETH or USDT.
  3. Wait for a buyer — or accept an offer.

You control fees and pricing. Whether you’re flipping for profit or clearing space in your collection, the process is fast and secure.

👉 Start exploring high-value collectibles now.

What If I Missed a Drop?

If you didn’t claim a Race Rewind NFT during its release window, you can still complete your collection by purchasing it on the secondary market.

To qualify for the final-season Ultra-Rare NFT, you must own at least one collectible (any rarity) from each of the 24 races. Missing even one? Buy it from another collector and stay in contention for top-tier rewards.

Why Are Some Drops Limited?

In rare cases — such as unexpectedly high network fees (gas costs) — OKX and McLaren reserve the right to pause or end a minting period early. This protects fans from excessive transaction costs and ensures a smooth user experience.

What Is X Layer?

All McLaren digital collectibles are built on X Layer, a high-performance Layer 2 blockchain developed by OKX. X Layer enhances the fan experience by offering:

Why Did McLaren Choose X Layer?

  1. Speed & Affordability: Fans worldwide can mint and trade with minimal cost and delay.
  2. Privacy & Security: Powered by zero-knowledge proofs, ensuring secure and confidential transactions.
  3. Ecosystem Growth: X Layer hosts over 114 live DApps (decentralized apps), with more launching regularly — giving NFT holders direct access to innovative Web3 experiences.

Major projects on X Layer include:

By integrating with OKX Exchange and OKX Wallet, X Layer creates a seamless gateway into Web3 for motorsport fans.

Why Did I Receive Multiple Past Race Collectibles?

If you claimed the Canadian Grand Prix NFT, you also received eight free Classic-tier collectibles from the first eight races of the 2024 season. This was a special thank-you gift for early participation in the Race Rewind program.

It’s not a mistake — it’s a bonus!

Frequently Asked Questions (FAQ)

Q: Can I use any wallet to collect McLaren NFTs?
A: Yes, as long as it's compatible with X Layer and supported by OKX. However, OKX Wallet offers the smoothest experience.

Q: Are digital collectibles only for crypto experts?
A: Not at all. The OKX platform simplifies onboarding so anyone — regardless of technical knowledge — can participate.

Q: Do I need to pay gas fees to claim my NFT?
A: No. During active minting periods, claiming is gas-free thanks to X Layer’s low-cost infrastructure.

Q: Can I transfer my NFT to another wallet?
A: Yes. As a non-custodial asset, you can send it to any compatible wallet on X Layer.

Q: What happens if I lose my wallet recovery phrase?
A: Unfortunately, lost phrases cannot be recovered. Always back up your wallet securely.

Q: Will there be future NFT drops beyond 2024?
A: While not confirmed, OKX and McLaren’s partnership suggests ongoing Web3 innovation in sports engagement.

Keywords: digital collectibles, NFT rewards, Web3 fan engagement, McLaren F1 NFTs, OKX Wallet, X Layer blockchain, Race Rewind series