Image default
Blockchain

Bybit Secures Multi-Year Partnership Deal with Red Bull

Following a 3-year deal, Singapore-based crypto belongings buying and selling platform Bybit has change into the Principal Team Partner for Oracle Red Bull Racing, one of the crucial profitable Formula 1 groups.

 

As announced by Red Bull, the deal is value $50 million yearly and can be paid in money and the buying and selling platform’s native token, the BitDAO (BIT) tokens.

Bybit will type a significant a part of the Red Bull innovation workforce and assist champion a number of initiatives in two main methods, solely because the Cryptocurrency Exchange Partner and because the Team’s Tech Incubator Partner. Bybit will help in coordinating “a range of crypto-inspired initiatives from crypto-literacy to promoting the growth of green technologies.”

Both Bybit and Red Bull can even be engaged within the “promotion of sustainability, diversity, STEM careers and recognition and support for women in blockchain as well as to introduce coding to new audiences.”

“It’s fitting too that, as we enter a new generation of competition of F1 in 2022, with an advanced and potentially game-changing new philosophy of cars taking to the track, that Bybit also exists at the cutting edge of technology. They share the Team’s passion to exist at the forefront of technological innovation, to set the competitive pace, and to disrupt the status quo,” stated Oracle Red Bull Racing Team Principal and CEO Christian Horner.

Bybit will assist the workforce in creating and distributing its fan tokens. As the tech incubator, Bybit can even be tasked with managing the workforce’s Non-Fungible Token (NFT) collections.

It just isn’t unusual to discover a digital belongings buying and selling platform inking a sponsorship deal with a Formula 1 workforce. Crypto.com was the primary digital belongings trade service supplier to ink a associated deal with an F1 workforce when it secured a sponsorship deal with Aston Martin final yr. The embrace of racing sports activities groups is rising because the go-to technique to push crypto’s publicity into the worldwide limelight.

Image supply: Bybit

Related posts

Binance to Step up Investment in France by up to $113M

Crypto Advisor

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Crypto Advisor

New Week New Hurdles: Top 3 Altcoins to Watch This Week

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,204.28 0.84%
ethereum
Ethereum (ETH) $ 1,297.96 3.21%
tether
Tether (USDT) $ 1.00 0.03%
usd-coin
USD Coin (USDC) $ 1.00 0.03%
bnb
BNB (BNB) $ 268.78 0.70%
binance-usd
Binance USD (BUSD) $ 1.00 0.12%
cardano
Cardano (ADA) $ 0.456067 1.25%
xrp
XRP (XRP) $ 0.426724 5.51%
polkadot
Polkadot (DOT) $ 6.46 2.38%
solana
Solana (SOL) $ 32.29 1.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 3.41%
dogecoin
Dogecoin (DOGE) $ 0.059281 0.77%
staked-ether
Lido Staked Ether (STETH) $ 1,289.05 3.06%
matic-network
Polygon (MATIC) $ 0.753953 3.41%
tron
TRON (TRX) $ 0.059797 0.21%
dai
Dai (DAI) $ 1.00 0.03%
avalanche-2
Avalanche (AVAX) $ 17.60 4.48%
ethereum-classic
Ethereum Classic (ETC) $ 28.85 0.49%
leo-token
LEO Token (LEO) $ 4.72 2.36%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,244.67 1.31%
uniswap
Uniswap (UNI) $ 5.82 7.63%
litecoin
Litecoin (LTC) $ 53.31 2.31%
cosmos
Cosmos Hub (ATOM) $ 14.33 0.73%
okb
OKB (OKB) $ 14.86 0.13%
ftx-token
FTX (FTT) $ 23.35 0.67%
terra-luna
Terra Luna Classic (LUNC) $ 0.000284 0.93%
near
NEAR Protocol (NEAR) $ 3.86 1.40%
chainlink
Chainlink (LINK) $ 7.04 0.98%
crypto-com-chain
Cronos (CRO) $ 0.105936 1.72%
monero
Monero (XMR) $ 140.17 1.35%
stellar
Stellar (XLM) $ 0.116893 2.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 115.71 2.91%
algorand
Algorand (ALGO) $ 0.37412 15.79%
flow
Flow (FLOW) $ 1.70 1.93%
vechain
VeChain (VET) $ 0.02273 0.69%
eos
EOS (EOS) $ 1.24 4.33%
internet-computer
Internet Computer (ICP) $ 6.13 4.71%
filecoin
Filecoin (FIL) $ 5.50 3.89%
chain-2
Chain (XCN) $ 0.066573 1.13%
frax
Frax (FRAX) $ 0.998596 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.059566 3.05%
decentraland
Decentraland (MANA) $ 0.71233 1.08%
apecoin
ApeCoin (APE) $ 5.98 5.71%
the-sandbox
The Sandbox (SAND) $ 0.856714 1.38%
tezos
Tezos (XTZ) $ 1.50 3.78%
quant-network
Quant (QNT) $ 105.43 4.60%
axie-infinity
Axie Infinity (AXS) $ 12.21 0.24%
aave
Aave (AAVE) $ 75.84 0.12%
lido-dao
Lido DAO (LDO) $ 1.88 4.37%
elrond-erd-2
Elrond (EGLD) $ 47.48 0.02%
theta-token
Theta Network (THETA) $ 1.09 4.69%
true-usd
TrueUSD (TUSD) $ 1.00 0.09%
chiliz
Chiliz (CHZ) $ 0.249475 9.49%
bitcoin-sv
Bitcoin SV (BSV) $ 49.91 2.36%
compound-usd-coin
cUSDC (CUSDC) $ 0.022679 0.08%
paxos-standard
Pax Dollar (USDP) $ 0.999127 0.11%
kucoin-shares
KuCoin (KCS) $ 8.86 1.21%
bittorrent
BitTorrent (BTT) $ 0.00000078700386 0.11%
ecash
eCash (XEC) $ 0.000039 0.74%
the-graph
The Graph (GRT) $ 0.099785 2.75%
iota
IOTA (MIOTA) $ 0.262894 1.77%
zcash
Zcash (ZEC) $ 55.24 3.19%
huobi-btc
Huobi BTC (HBTC) $ 19,242.42 1.65%
usdd
USDD (USDD) $ 0.999493 0.03%
huobi-token
Huobi (HT) $ 4.54 0.29%
evmos
Evmos (EVMOS) $ 2.47 3.09%
havven
Synthetix Network (SNX) $ 2.40 1.41%
cdai
cDAI (CDAI) $ 0.022072 0.09%
maker
Maker (MKR) $ 632.79 3.04%
bitdao
BitDAO (BIT) $ 0.494422 0.87%
klay-token
Klaytn (KLAY) $ 0.20814 3.67%
neutrino
Neutrino USD (USDN) $ 0.953405 1.52%
fantom
Fantom (FTM) $ 0.232235 3.06%
compound-ether
cETH (CETH) $ 25.91 3.66%
neo
NEO (NEO) $ 8.41 0.99%
helium
Helium (HNT) $ 4.69 2.88%
gatechain-token
Gate (GT) $ 4.20 0.66%
defichain
DeFiChain (DFI) $ 0.824564 0.07%
radix
Radix (XRD) $ 0.058241 3.35%
celsius-degree-token
Celsius Network (CEL) $ 1.66 14.78%
pax-gold
PAX Gold (PAXG) $ 1,662.76 0.50%
pancakeswap-token
PancakeSwap (CAKE) $ 4.29 0.72%
thorchain
THORChain (RUNE) $ 1.63 0.70%
osmosis
Osmosis (OSMO) $ 1.23 1.30%
zilliqa
Zilliqa (ZIL) $ 0.03308 4.93%
enjincoin
Enjin Coin (ENJ) $ 0.476572 1.44%
nexo
NEXO (NEXO) $ 0.917136 2.87%
arweave
Arweave (AR) $ 9.98 6.11%