Ferrari Partners With Blockchain Company Velas in Multi-Year Deal

Ferrari Partners With Blockchain Company Velas in Multi-Year Deal
Ferrari driver Kimi Raikkonen of Finland steers his car during the Emirates Formula One Grand Prix at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates, Sunday, Nov. 29, 2015. AP Photo/Frank Augstein
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Ferrari has signed a multi-year agreement with Velas Network, a Swiss company involved in blockchain technologies and cryptocurrencies, to create digital content for the iconic Italian luxury sports car manufacturer.

Based on the deal, Velas Network will be a premium partner of the automaker starting next season. Velas will be the title sponsor of the Ferrari Esports Series and their eSport team. Founded in 2019, the company is reportedly a global player in the non-fungible token (NFT) marketplace. Details regarding the digital content, which will be produced by Velas for Ferrari, have not yet been revealed.

Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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