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Ferrari Teams up with Blockchain Startup Velas, Potentially Working on NFTs

Ferrari Teams up with Blockchain Startup Velas, Potentially Working on NFTs

The world-renowned sports car manufacturer Ferrari signed a partnership deal with Velas for a suspected digital asset campaign.

Velas is an established Swiss startup that specializes in developing blockchain technologies and digital assets that caught the attention of the racing division Scuderia Ferrari.

Based on the official announcement made by Ferrari, the Italian company is set to collaborate with Velas Network AG in a "multi-year agreement". Velas was regarded as a "global player in the blockchain and NFT sector", and will be the top sponsor of Ferrari’s Esports Series.

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General Manager of Scuderia Ferrari Mattia Binotto was thrilled about the collaboration with Velas Network AG, regarding it as a "company that makes innovation and performance the hallmark of technologically advanced products and services…"

Likewise, the CEO of Velas Network AG Farhad Shagulyamov, who regarded his own digital project as a "next-generation blockchain", stated:

"Velas has introduced an innovative variety of pioneering technology into the blockchain and associated products, which will now be showcased at the pinnacle of motorsport."

In fact, the company managed to distribute $100M across their other startups, which made the deal with Ferrari a sweet cherry on top. After the official announcement that was published on December 27th, VLX tokens have gone up about 5% without any severe fluctuations.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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