Ferrari’s Formula 1 team, Scuderia Ferrari, has partnered with Swiss based blockchain company Velas Network AG for the upcoming season and beyond. Sponsorship is a significant part of the deal that includes launching exclusive digital products and experiences for Scuderia’s fans.
No specific announcements have been made about which exact products the partnership will provide, but non-fungible tokens (NFTs) will likely be one of them. Velas has a layer one blockchain that competes with Ethereum and Solana and, as with other blockchains, has an NFT marketplace.
Besides being a Ferrari premium partner, Velas will also be the Title Sponsor of Ferrari Esports Series.
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