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Ferrari’s New Deal with Blockchain Startup Velas Hints at NFTs By BTC Peers

by Mike Robinson

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Ferrari’s New Deal with Blockchain Startup Velas Hints at NFTs

In partnership with Velas, a Swiss blockchain company, Ferrari will offer its customers exclusive digital content. Through cooperation with Velas Network (a Swiss blockchain company), Ferrari has made its entry into the blockchain market as a luxury car maker.

Ferrari announced Monday it has signed a multiyear agreement with Velas for exclusive digital content. Velas will be the main sponsor for Ferrari Esports Series. The online series is part of the F1 Esports Series.

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Velas was described as an important player in both the blockchain and digital asset industries. He focuses on tokens that are not fungible.

Velas is a global leader in NFT and blockchain. Its performance and innovation have made Velas stand out. This team also includes Maranello’s technological leadership.

Mattia Binotto is the general manager at Scuderia Ferrari. She explained that Velas was selected as one of its premium partners due to their shared values of innovation, performance, and technologically superior products and services.

Farkhad Shahlyamov who was Velas cofounder, and has been appointed as the CEO recently, stated that it made perfect sense to join forces with Ferrari “another icon” of perfection.

Velas, an open-source network of blockchain networks that aims to combine the best aspects of decentralized and centralized tools, is called Velas. The company has committed $100 million towards firms that use the Velas Blockchain as of October. This is a significant increase on its original $5 million commitment.

The native Velas token Velas, Velas VLX (Velas Blockchain) has seen a significant rise in value. CoinGecko data indicates that cryptocurrency traded at $0.346 at time of writing, up 4% in 24 hours. VLX rose by over 70% within the past seven days.

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