Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG – Blockchain Bitcoin News


The Italian luxurious sports activities automobile producer headquartered in Maranello, Italy, Ferrari has introduced the agency is partnering with Velas Network AG, a agency that focuses on blockchain and non-fungible token (NFT) expertise.

Ferrari Reveals Partnership With Blockchain Firm Velas

On December 27, Ferrari the well-known luxurious sports activities automobile maker based in 1939 by Enzo Ferrari revealed the agency is moving into the world of making “exclusive digital content.” The racing division Scuderia Ferrari introduced that the Italian automobile producer has partnered with Velas Network AG in a multi-year settlement. The firm says Velas will assist bolster digital content material for Scuderia followers and the announcement explains Velas may even be a title sponsor for the Ferrari Esports Series.

Velas community’s internet portal notes that Velas is a Solana (SOL) fork with built-in EVM integration and the community launched in 2019. “We have the fastest EVN chain to compete with Ethereum 2.0,” the web site claims. The firm is situated in Switzerland and Ferrari particulars within the announcement that Velas is a “global player in the blockchain and NFT sector.” Ferrari’s announcement additional particulars that Velas will collaborate properly with the Maranello crew.

While Ferrari’s partnership with Velas doesn’t point out any NFT promotions or blockchain ideas on the horizon, the corporate does disclose the Ferrari Esports Series sponsorship. Ferrari follows plenty of car makers and racing division manufacturers which have entered the blockchain house. In mid-June, the German carmaker Porsche entered the NFT trade and on the finish of September, the Mercedes-AMG Petronas F1 crew inked a long-term take care of FTX.

Mattia Binotto, the final supervisor and crew principal at Scuderia Ferrari remarked on Monday that the corporate was happy to collaborate with Velas Network AG. “[Velas is] a company that makes innovation and performance the hallmark of technologically advanced products and services: these are all values that unite us and that led us to choose Velas as one of our Premium Partner,” Binotto stated in a press release.

Scuderia Ferrari additionally follows behind the Motor Team McLaren’s NFT mission and the Ferruccio Lamborghini Museum NFTs. The co-founder and CEO of Velas Network AG, Farhad Shagulyamov, believes his firm and Ferrari are pure companions. Shagulyamov management as CEO of Velas was simply introduced 4 days in the past after “long and fruitful debates.”

“Having built a next-generation blockchain that puts the emphasis both on sustainability and performance, it was natural to partner with another icon of excellence, which is Ferrari,” Shagulyamov stated in regard to the partnership with the Italian luxurious sports activities automobile producer. “Velas has introduced an innovative variety of pioneering technology into the blockchain and associated products, which will now be showcased at the pinnacle of motorsport,” the Velas govt concluded.

Tags on this story

Blockchain, Blockchain tech, Farhad Shagulyamov, Ferrari, Ferruccio Lamborghini Museum, Italian Sports Cars, Mattia Binotto, McLaren NFTs, Mercedes-AMG Petronas F1, nft, NFTs, porsche, Scuderia Ferrari, expertise, Velas, Velas Network AG

What do you consider Ferrari becoming a member of up with Velas? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for News concerning the disruptive protocols rising in the present day.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Ferrari

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