Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG – Blockchain Bitcoin News

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Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG – Blockchain Bitcoin News
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Ferrari announced that the Italian car manufacturer has partnered with VelasNetwork AG in a multi-year agreement. Blockchain NFTs

that the Italian car manufacturer has partnered with Velas Network AG in a multi-year agreement. The company says Velas will help bolster digital content for Scuderia fans and the announcement explains Velas will also be a title sponsor for the Ferrari Esports Series.

Velas network’s web portal notes that Velas is a Solana fork with built-in EVM integration and the network launched in 2019. “We have the fastest EVN chain to compete with Ethereum 2.0,” the website claims. The company is located in Switzerland and Ferrari details in the announcement that Velas is a “global player in the blockchain and NFT sector.” Ferrari’s announcement further details that Velas will collaborate well with the Maranello team.

While Ferrari’s partnership with Velas does not mention any NFT promotions or blockchain concepts on the horizon, the company does disclose the Ferrari Esports Series sponsorship. Ferrari follows a number of automobile makers and racing division brands that have entered the blockchain space. In mid-June, the German carmaker Porsche

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