Ferrari to enter NFT market, tie up with tech firm Velas

Velas is a leading provider of blockchain technology and non-fungible tokens (NFTs). (Image: Reuters)

Starting next season, Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team.

  • Reuters
  • Last Update:December 29, 2021, 4:19 pm IS
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The luxury sports car maker said on Monday that Ferrari has signed a multi-year deal with Swiss technology firm Velas Networks to create digital content for its fans.

Starting next season, Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team.

“In addition, Velas will be the title sponsor of the Ferrari Esports Series, which is Prancing Horse’s online mono-brand series, and the esports team that will compete in the F1 Esports Series, the official digital championship that all participating teams will participate in. In the FIA ​​Formula 1 World Championship,” Ferrari said in a statement.

Wells is a leading provider of blockchain technology and non-fungible tokens (NFTs), cryptographic assets stored on a blockchain that have an identification code that makes them unique and have gained popularity as a way to sell digital art.

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