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

Ferrari, an Italian luxury car maker, is now partnering Velas Network AG. Velas Network AG specializes in non-fungible tokens (NFT), and blockchain technology.

Ferrari Announces Partnership with Blockchain Firm Velas

On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping into the world of creating “exclusive digital content.” The racing division Scuderia Ferrari announced that the Italian car manufacturer has partnered with Velas Network AG in a multi-year agreement. According to the company, Velas will provide digital content support for Scuderia enthusiasts. The announcement also explains that Velas will be the title sponsor of the Ferrari Esports Series.

Velas network’s web portal notes that Velas is a Solana (SOL) fork with built-in EVM integration and the network launched in 2019. “We have the fastest EVN chain to compete with Ethereum 2.0,” the website claims. The company is located in Switzerland and Ferrari details in the announcement that Velas is a “global player in the blockchain and NFT sector.” Ferrari’s announcement further details that Velas will collaborate well with the Maranello team.

While Ferrari’s partnership with Velas does not mention any NFT promotions or blockchain concepts on the horizon, the company does disclose the Ferrari Esports Series sponsorship. Ferrari is one of many automobile manufacturers and brands in the racing divisions that has entered blockchain. The German automobile maker Porsche joined the NFT market in June. At the end September, Mercedes-AMG Petronas F1 signed a long-term agreement with FTX.

Mattia Binotto (general manager, team principal) at Scuderia Ferrari commented on Monday that Velas Network AG was a pleasure to work with. “[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 said in a statement.

Scuderia Ferrari also follows behind the Motor Team McLaren’s NFT project and the Ferruccio Lamborghini Museum NFTs. Farhad Shagulyamov (co-founder, CEO, Velas Network AG) believes Ferrari is a natural partner. Shagulyamov leadership as CEO of Velas was just announced four days ago 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 said in regard to the partnership with the Italian luxury sports car manufacturer. “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 executive concluded.

This story contains tags
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

Do you have any thoughts about Ferrari joining the ranks of Velas? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman is the News Lead for News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Redman is passionate about Bitcoin and open-source codes. Redman has contributed more than 5,000 articles to News since September 2015. These articles are about disruptive protocols that are emerging.

Image creditShutterstock. Pixabay. Wiki Commons. Ferrari

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