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

The Italian luxury sports maker headquartered in Maranello, Italy, Ferrari has declared the firm is partnering with Velas Network Ag, a firm that makes a speciality of blockchain and non-fungible token (NFT) technology.

Ferrari Reveals Partnership With Blockchain Firm Velas

In Dec 27, Ferrari the documented luxury sports car maker supported in 1939 by Enzo Ferrari disclosed the firm is getting into the globe of making “exclusive digital content.” The sport division Scuderia Ferrari declared that the Italian maker has partnered with Velas Network Ag in a multi-year agreement. The corporation says Velas can bolster digital content for Scuderia fans and also the announcement explains Velas also will be a title sponsor for the Ferrari Esports Series.

Velas network’s net portal notes that Velas may be a Solana (SOL) fork with intrinsic EVM integration and also the network launched in 2019. “We have the quickest EVN chain to contend with Ethereum 2.0,” the web site claims. The corporation is found in Switzerland and Ferrari details within the announcement that Velas may be a “global player within the blockchain and NFT sector.” Ferrari’s announcement details that Velas can collaborate well with the Maranello team.

While Ferrari’s partnership with Velas doesn’t mention any NFT promotions or blockchain ideas on the horizon, the company will disclose the Ferrari Esports Series support. Ferrari follows a variety of automobile manufacturers and sport division brands that have entered the blockchain house. In mid-June, the German maker Porsche entered the NFT business and at the top of Sep, the Mercedes-AMG Petronas F1 team inked a semipermanent touch upon FTX.

Mattia Binotto, the overall manager and team principal at Scuderia Ferrari remarked on weekday that the corporation was happy to collaborate with Velas Network Ag. “[Velas is] an organization that creates innovation and performance, the hallmark of technologically advanced products and services: These are all values that hold us together which led us to decide on Velas collectively as our Premium Partner,” Binotto said in a statement.

Scuderia Ferrari additionally follows behind the Motor Team McLaren’s NFT project and also the Ferruccio Lamborghini deposit NFTs. The co-founder and corporate executive of Velas Network Ag, Farhad Shagulyamov, believes his company and Ferrari square measure natural partners. Shagulyamov leadership as corporate executive of Velas was simply declared four days past when “long and fruitful debates.”

“Having designed a next-generation blockchain that puts the stress each on property and performance, it absolutely was natural to partner with another icon of excellence, that is Ferrari,” Shagulyamov same in respect to the partnership with the Italian luxury sports maker. “Velas has introduced associate degree innovative type of pioneering technology into the blockchain and associated product, which can currently be showcased at the head of motorsport,” the Velas government over.

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