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NFTs in sight? Ferrari Partners with Blockchain Company to Launch Digital Products

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It appears that Ferrari, the Italian luxury sports car maker, will launch NFTs for its fans.

The company signed an agreement with blockchain company Velas Network to create “digital products” for the brand.

While it did not explicitly mention the release of NFTs, it is likely that this is the “digital product” to be released. That’s because Velas Network is a global player in the blockchain and NFT sector.

According to a press release published on Monday (27), the agreement will last for several years:

“The multi-year agreement provides for the creation of exclusive digital content for Scuderia Ferrari fans. In addition, Velas will be the main sponsor of the Ferrari Esports Series, the Prancing Horse online single-brand series, and the Esports team that will compete in the F1 Esports Series, the official digital championship played by all teams participating in the Formula 1 World Championship of the FIA.”

Ferrari joins blockchain and NFT company

Based in Switzerland, Velas Network AG is known for creating and integrating cutting-edge digital products and services.

According to a statement from Ferrari, Velas stands out for the performance and innovation of its services. In addition, the company’s technological leadership deserves to be highlighted:

“We are pleased to initiate this collaboration with Velas Network AG. This is a company that makes innovation and performance the hallmark of technologically advanced products and services. All these are the values ​​that unite us and that led us to choose Velas as one of our Premium Partners”, said Mattia Binotto, general manager and team leader at Scuderia Ferrari.

Meanwhile, Farhad Shagulyamov, CEO and co-founder of Velas Network AG, said partnering with Ferrari comes naturally for a company that has built a next-generation blockchain with a focus on both sustainability and performance.

“Velas has introduced an innovative range of pioneering blockchain technology and associated products. And this will now be presented at the height of motorsport.”

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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