Cryptocurrency and NFTs were in the spotlight in Monaco at the F1 Grand Prix. There are many partnerships between NFTs or cryptographers and stables.
Cryptocurrency has taken over the entire planet. Formula 1 is no exception. From non-fungible tokens (NFTs) to multi-year partnerships, the crypto community continues to support the world of Formula 1 in many ways. This weekend in Monaco there was no shortage of examples on the occasion of the Formula 1 Grand Prix.
Cryptocurrency and NFT were in the spotlight in Monaco at the F1 Grand Prix
In this 2022 edition, Oracle Red Bull Racing (ORBR) has partnered with crypto exchange Bybit to launch the ORBR 2022 NFT collection minted on the Tezos blockchain. These NFTs are up for auction and represent various aspects of Red Bull’s past, present and future. In an interview with Christina Korner of Cointelegraph, Bybit co-founder and CEO Ben Zhou said that F1 has a symbiotic relationship with crypto as the partnership between the two industries is attracting young investors: “Formula 1 is a challenge and it works great with crypto. We are seeing huge synergy.”
There are many partnerships between NFTs or crypto-specialists and stables.
In the meantime, Bybit has unveiled the film “In Search of the Next Level”featuring Red Bull drivers Max Verstappen and Sergio “Checo”Pérez, commemorating the launch of the new RB18 car.
🤯 Something big is on its way …
💫 Find out more about this next level partnership with @redbullracing!
🎥 Catch the full film — out now on the Bybit Race Insider Page: https://t.co/wKhQa6uIqQ #TheSearchForTheNextLevel pic.twitter.com/l5aWurtkbL
Aston Martin F1 is no exception. The team has signed a multi-year partnership with the Crypto.com exchange to explore investment initiatives and engage with fans. Crypto.com is also a popular platform for Aston Martin NFTs and other collectibles.
On-track action is about to kick off in Monaco. 🇲🇨
Don’t miss a moment of the #MonacoGP weekend. #F1 | @cryptocom
Crypto giant Binance is partnering with the Alpine F1 Team for NFTs this year. The event organized on May 20th even allowed a lucky fan to discover all the mechanics of the F1 Alpine.
Looking forward to spotting #Binance at the #MiamiGP this weekend on the @AlpineF1Team cars. pic.twitter.com/BBEp1HBAYk
Among other notable collaborations during this 2022 Monaco Formula 1 Grand Prix, we will mention Ferrari and specialist company Velas, Mercedes and FTX or even Alfa Romeo and the same Shiba Inu (SHIB)-inspired Floki Inu (FLOKI) corner.).