Ferrari signs top-tier deal with blockchain specialist Velas Network

(Photo by Chris Graythen/Getty Images)

Formula One’s Scuderia Ferrari has added a new premium partner to its sponsorship portfolio in the form of blockchain and non-fungible token (NFT) technology specialist Velas Network.

Excepting the team’s relationship with tobacco company Marlboro, the premium partner tier is the team's highest-paying sponsorship tier and comprises oil company Shell, Spanish bank Santander and now Velas Network.

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