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 Community AG, a agency that makes a speciality of blockchain and non-fungible token (NFT) expertise.

Ferrari Reveals Partnership With Blockchain Agency Velas

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

Velas community’s net portal notes that Velas is a Solana (SOL) fork with built-in EVM integration and the community launched in 2019. “We have now the quickest EVN chain to compete with Ethereum 2.0,” the web site claims. The corporate is positioned in Switzerland and Ferrari particulars within the announcement that Velas is a “international participant within the blockchain and NFT sector.” Ferrari’s announcement additional particulars that Velas will collaborate nicely with the Maranello workforce.

Whereas 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 Sequence sponsorship. Ferrari follows a lot of car makers and racing division manufacturers which have entered the blockchain area. In mid-June, the German carmaker Porsche entered the NFT industry and on the finish of September, the Mercedes-AMG Petronas F1 workforce inked a long-term deal with FTX.

Mattia Binotto, the final supervisor and workforce principal at Scuderia Ferrari remarked on Monday that the corporate was happy to collaborate with Velas Community AG. “[Velas is] an organization that makes innovation and efficiency the hallmark of technologically superior services: these are all values that unite us and that led us to decide on Velas as one in every of our Premium Associate,” Binotto mentioned in an announcement.

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 Community AG, Farhad Shagulyamov, believes his firm and Ferrari are pure companions. Shagulyamov management as CEO of Velas was simply announced 4 days in the past after “lengthy and fruitful debates.”

“Having constructed a next-generation blockchain that places the emphasis each on sustainability and efficiency, it was pure to accomplice with one other icon of excellence, which is Ferrari,” Shagulyamov mentioned in regard to the partnership with the Italian luxurious sports activities automobile producer. “Velas has launched an revolutionary number of pioneering expertise into the blockchain and related merchandise, which can now be showcased on the pinnacle of motorsport,” the Velas govt concluded.

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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, technology, Velas, Velas Network AG

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Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group 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 Information in regards to the disruptive protocols rising at present.

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