The closed beta of F1 Online: The Game has officially started today. Set to launch in the first quarter of 2012, F1 Online features the cars, tracks, and racers from the real world Formula One World Championship Limited. Players can create their own teams, race tracks, and compete against each other in different modes, including Time Trials and Grand Prix events.

The game will also feature leaderboards, team customization and marketing, and much more. By registering for the games closed beta, players will have the opportunity to give their feedback and shape game features prior to the game’s worldwide launch in the first fiscal quarter of  2012. Fans who are accepted into the closed beta also have the opportunity to earn in-game rewards when game goes live.

Fans can sign up for the closed beta on the official website.