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Ferrari, a world-renowned luxury sports car manufacturer from Italy, is preparing to take the encryption industry by storm through the latest cooperation with the Swiss blockchain company Velas Network. In the official announcement, Ferrari revealed news about its multi-year cooperation arrangement with Velas, which mainly focused on creating “digital content” for Scuderia Ferrari fans. This integration hints at Ferrari’s plan to explore the fast-growing NFT market, which will help connect the Scuderia Ferrari professional sports team with its fans from all over the world in a seamless manner.
As part of the cooperation, Velas Network will become a partner of the Ferrari Formula One team. The company will become the title sponsor of the Ferrari e-sports series, the Prancing Horse Online Series and the e-sports teams participating in the F1 e-sports series. The prestigious F1 e-sports series is the official digital tournament and will witness the participation of all teams participating in the FIA Formula One World Championship.
Ferrari’s official post referred to Velas Network as the top company in the field of digital assets. Blockchain technologyAnd irreplaceable tokens. The team stated that Velas has successfully established itself in the industry with its unparalleled performance, technical expertise and innovative services. Outstanding characteristics make Velas the perfect partner choice for the Maranello team.
Farkhad Shagulyamov, Velas’ co-founder and CEO, also gave a similar reaction. He said that the team is very happy to work hand in hand with a first-class company like Ferrari. He added that Velas provides innovative technologies focused on the blockchain field. Pioneer said that pioneering technology will elevate the level of the racing industry.
Velas is an open source blockchain company that provides unprecedented excellence in centralization and decentralization technology. In October, the company paid $100 million to startups using the Vela blockchain network. The entire ecosystem operates with its local currency called Velas (VLX), which has successfully succeeded in the industry. The token has risen by more than 70% in the past seven weeks. Recently, investor interest in NFTs has grown substantially. Tokens enable companies to close the gap between valuable assets and their collectors. NFT helps creators safely trade their creations with people. The use of blockchain technology helps reduce risks related to infringement, circulation of counterfeit goods, and copyright issues.
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