Italian luxury automobile manufacturer Ferrari (NYSE 🙂 enters the blockchain space by entering into a partnership agreement with Velas Network, a Swiss blockchain startup.

Official Ferrari Website Annouced Monday that it had signed a multi-year agreement with Velas to jointly issue “exclusive digital content” for the Scuderia’s fans. Velas will become the primary sponsor for Ferrari Esports Series. The online competition in F1 Esports Series is the official digital championship that includes all the teams taking part in the FIA Formula 1 World Championship.