cryptonews
2022-02-16 14:15:00

Bybit Enters USD 150M Deal with F1 Team; Plans Fan Token, NFT Collaboration

Bybit, one of the top 10 crypto exchanges by spot volume, has entered into a major sponsorship agreement with the Formula One team Oracle Red Bull Racing, with the exchange now taking on a new role of the “Issuance Partner” for fan tokens and non-fungible tokens (NFTs) for the racing team. With a value of USD 50m per year for three years, totaling USD 150m, the deal marks the largest sponsorship agreement on a per-year basis for any crypto company in sports....Read More: Bybit Enters USD 150M Deal with F1 Team; Plans Fan Token, NFT Collaboration

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer