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.
- Gate.io joins the motorsport stars: Brothers Pietro and Enzo Fittipaldi
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.
“Problem solver. Proud twitter specialist. Travel aficionado. Introvert. Coffee trailblazer. Professional zombie ninja. Extreme gamer.”