Thursday, January 20, 2022
Home Crypto News Market Ferrari Partners With Velas To Enter NFT Market

Ferrari Partners With Velas To Enter NFT Market

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Ferrari joins hands with Velas to enter NFTs.

Many people still wonder why NFTs can have such great added value to them. The reason is that when you buy one of these NFTs you guarantee your right to use them, being the sole owner.

We had several of these NFTs being sold for million-dollar ​​throughout 2021 and this niche within crypto has already shown great potential. Several giant companies have entered the NFT world like Adidas, Nike, Visa, and now Ferrari.

Ferrari Coming Onto NFTs

Another giant that has recently stated that it is interested in the non-fungible tokens is Ferrari.

Ferrari made an official announcement on their website saying they are partnering with Velas to enter NFTs.

According to the multi-year agreement, Velas will create digital content for Ferrari. Velas also becomes Title Sponsor of the Ferrari Esports Series.

Mattia Binotto, General Manager of Scuderia Ferrari said:

“We are pleased to start this collaboration with Velas Network AG, a company that makes innovation and performance the hallmark of technologically advanced products and services: these are all values that unite us and that led us to choose Velas as one of our Premium Partner.”

Velas Is well known for the creation of digital products with Headquartered in Switzerland

Velas tweeted the great accomplishment:


Farhad Shagulyamov, CEO of Velas said:

“Having built a next-generation blockchain that puts the emphasis both on sustainability and performance, it was natural to partner with another icon of excellence, which is Ferrari. 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.”

After the news, the Velas token increased by 12% over the past 24 hours. Over the week, the asset added more than 80%.

So we have another large company entering the NFTs in 2021 and the expectation is that this NFT market will become bigger in 2022.


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Albert Brown
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.


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