Ferrari has entered into an agreement with Velas for exclusive digital content

Scuderia Ferrari has just won another partner with the Velas Network, a Swiss company known for creating and integrating digital products and services in the blockchain and NFT sectors.

The two companies have entered into a multi-year agreement to provide exclusive digital content to Ferrari. In addition, Wells will act as title sponsor Ferrari Sports Series, As well as the sports team in Scuderia competing in the official FIA Formula 1 Digital Championship.

We ended this year beautifully at the fastest pace.Welas Blackchain Introduces New Multi-Years Partnership Scuderia Ferrari.

Flying over the moon in a red rocket. Anyway!
Read the full press release here: https://t.co/RgWsCT8Kg4 pic.twitter.com/EGemAl1ViY

– Candles (eVelasBlockchain) December 27, 2021

⁇ We & # 39; re excited to launch this collaboration with Velas Network AG, which makes innovation and performance a hallmark of technologically advanced products and services: all of these are the values ​​that unite us and lead us to choose Velas as one of our premiums. Partners«, Said Scuderia Ferrari team boss Mattia Binotto.

Farhad Shagulyamov, co-founder and CEO of Velas Network AG, added: ” After creating the next generation blockchain that emphasizes stability and performance, it is only natural to partner with another amazing icon, Ferrari. Velas has introduced an innovative variety of pioneering blockchain technologies and related products that are now on display at the top of motorsport. ⁇

Velas is an open source blockchain network that seeks to provide a combination of the best features of centralized and decentralized tools. In October, the company allocated $ 100 million to build startups on the Velas blockchain, a significant increase from its original pledge of $ 5 million.

Velas (VLX), the local token of the Velas blockchain, has grown significantly recently. Trading at $ 0.346, the token has risen nearly 4% in the last 24 hours According to CoinGecko data. VLX has grown over 70% in the last seven days.

Velas is the latest company to launch Sports Sponsorship. Cryptocurrency companies such as FTX, Crypto.com and more Coinbase All have multi-million dollar sponsorship deals with sports teams and tournaments to establish themselves as global brands by 2021.