Cryptocurrency has taken the world by storm, and Formula 1 is no exception. From non-fungible tokens (NFTs) and fan tokens to multi-year partnerships, the crypto community continues to support the F1 world in many ways.
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At the 2022 Monaco Grand Prix, Oracle (NYSE:) Red Bull Racing (ORBR) has partnered with crypto exchange Bybit to launch ORBR’s 2022 NFT suite, which is minted on the Tezos blockchain. The limited-edition NFT collection is available by auction, where bidders can collect digital items that represent different aspects of Red Bull’s past, present and future.
Speaking to Cointelegraph Editor-in-chief Christina Corner, Co-founder and CEO of Bybit, Ben Zhou said that F1 has a symbiotic relationship with cryptocurrencies, as partnerships between the two industries attract young investors to the knowledge base.
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