Facebook Twitter Instagram
    Trending
    • 5 Key Differences Between CBD and THC
    • When it comes to spending runes the Elden Ring is the most effective option
    • Investment Tips for Young Earners: All You Need to Know
    • best slots to play online for real money
    • How do THC Gummies Help In Increasing Your Attention Span?
    • Dog Massage: Importance, Techniques, and Benefits
    • Kinds of Transport People Book for the Airport Trip & Its Cost
    • Steps to Installing a Reliable Internet Connection
    • Home
    • Contact us
    Facebook Twitter Instagram
    Tellingdad.comTellingdad.com
    Subscribe
    Thursday, June 30
    • Home
    • Beauty
    • Business
    • Celebrities
    • Entertainment
    • Fashion
    • Fitness
    • Health
    • Lifestyle
    • Travel
    Tellingdad.comTellingdad.com
    Home»News

    Crypto Community Continues to Support Formula 1

    Julia_RockzBy Julia_RockzJune 7, 2022 News No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    It is hard not to notice that crypto has taken over the world. The crypto community is involved in various projects. For example, the crypto community supports Formula 1 in numerous ways. 

    Monaco Grand Prix 2022 saw Formula 1’s fastest pit crew, Oracle Red Bull Racing (ORBR), partner with crypto exchange Bybit. They launched ORBR’s 2022 NFT collection. 

    The limited-edition ORBR’s 2022 NFT collection is made available via an auction, wherein holders get to collect digital collectibles representing various aspects of the company’s (Red Bull) past, present, as well as future.

    According to Bybit’s co-founder and CEO, Ben Zhou, Formula 1 has a symbolic relationship with cryptocurrency as the partnerships between the two industry pulls young investors into the Formula 1 fan base. 

    Parallelly, the crypto exchange premiered The Search for the Next Level, a film starring Red Bull drivers.  

    Several months earlier, Red Bull Racing signed an agreement with Bybit. As part of the deal, Bybit will pay $50 million per year to the team for three years. 

    Red Bull Racing’s CEO Christian Horner made a comment regarding the deal. He stated that the crypto exchange shares the team’s “passion to exist at the forefront of technological innovation, to set the competitive pace and to disrupt the status quo.”

    Crypto community and Formula 1 racing teams 

    Red Bull Racing is not the only team that signed an agreement with a representative of the crypto community. 

    Last year, Aston Martin signed a multi-year partnership deal with crypto exchange Crypto.com to explore fan engagement and investment initiatives. 

    This year, crypto exchange Binance partnered with the Alpine F1 Team to issue NFT airdrops and collectibles. 

    However, while crypto companies may have initially been drawn to F1 sponsorships from a marketing perspective, the rise of NFTs is presenting new opportunities for organizations involved with Formula 1. For example, a Deloitte Global study anticipated that in 2022 alone, sports NFTs will generate more than $2 billion in transactions. 

    Formula 1 racing drivers and crypto companies 

    Additionally, Deloitte’s study predicts that by the end of the year, roughly five million sports fans around the globe will own an NFT sports collectible. Given this, many crypto and blockchain companies sponsoring Formula 1 racing teams have also launched NFTs to coincide with sponsorships.

    As can be seen from the NFTs are quite popular around the world. If you want to learn more about them, read this Panini NFT. 

    In January, Fantom Foundation announced its partnership of Scuderia Alpha Tauri F1 and MotoGP driver Fabio Quartararo. Through the championship, the foundation will be a prominent, visible sponsor of Scuderia Alpha Tauri F1 start Pierre Gasly and Yuki Tsunoda.

    On top of its sponsorship of the Formula 1 racing team, the foundation also became the newest sponsor of the current reigning MotoGP champion, Fabio Quartararo. He is a French motorcycle driver who became MotoGP’s first French world champion in 2021. Besides, he is the current Riders’ Championship leader. 

    Several months ago, Fantom Foundation announced a sponsorship with the Formula 1 racing drivers Pietro and Enzo Fittipaldi. Drivers agreed to display Fantom imagery on their race suits and helmets throughout the Formula 1 2022 season. 

    Julia_Rockz

    Keep Reading

    When it comes to spending runes the Elden Ring is the most effective option

    Investment Tips for Young Earners: All You Need to Know

    Dog Massage: Importance, Techniques, and Benefits

    Kinds of Transport People Book for the Airport Trip & Its Cost

    6 Ways Concrete Contractors Can Increase Profitability and Reduce Costs

    Is your spouse keeping up with his child support maintenance payments?

    Add A Comment

    Leave A Reply Cancel Reply

    LATEST POSTS

    When it comes to spending runes the Elden Ring is the most effective option

    June 30, 2022

    Investment Tips for Young Earners: All You Need to Know

    June 30, 2022

    How do THC Gummies Help In Increasing Your Attention Span?

    June 29, 2022

    Dog Massage: Importance, Techniques, and Benefits

    June 29, 2022

    Kinds of Transport People Book for the Airport Trip & Its Cost

    June 28, 2022
    Categories
    • All
    • Animal
    • Beauty
    • Business
    • Celebrities
    • Entertainment
    • Fashion
    • Fitness
    • Health
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    About
    About

    Tellingdad.com provide by The top global media business trends of 2022, technology trends of 2022, social media trends 2022, top viral trends of 2022

    We're Connect with us:
    Email: [email protected]

    Facebook Twitter Instagram Pinterest
    Top Categories
    • Fitness
    • Health
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Latest News

    When it comes to spending runes the Elden Ring is the most effective option

    June 30, 2022

    Investment Tips for Young Earners: All You Need to Know

    June 30, 2022

    Dog Massage: Importance, Techniques, and Benefits

    June 29, 2022
    Facebook Twitter Instagram Pinterest
    • Home
    • Privacy Policy
    • Contact us
    © Copyright 2022 All Rights Reserved, Powered By GPosting.com

    Type above and press Enter to search. Press Esc to cancel.

    Cleantalk Pixel