Ferrari

Ferrari signs deal with tech firm Velas to create digital products for fans

Ferrari signs deal with tech firm Velas to create digital products for fans

Ferrari signs deal with tech firm Velas to create digital products for fans

Ferrari signs deal with tech firm Velas to create digital products for fans

Ferrari (RACE.MI) announced on Monday that it has signed a multi-year deal with Velas Network, a Swiss technology startup, to generate digital content for its fans.

Velas, a developer of digital products and services, will join Ferrari’s Formula 1 racing team as a partner beginning next season.

“Moreover, Velas will be the Title Sponsor of the Ferrari Esports Series, the Prancing Horse’s online mono-brand series, as well as the Esports team that will compete in the F1 Esports Series, the official digital championship competed in by all teams participating in the FIA Formula 1 World Championship,” Ferrari said in a statement.

Velas is a leading developer of blockchain technology and non-fungible tokens (NFTs), which are cryptographic assets kept on a blockchain with a unique identifying code and have grown in popularity as a means of selling digital art.

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