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F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships, more

Published 05/29/2022, 06:05 AM
Updated 05/29/2022, 07:40 AM
F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships, more

Crypto has taken over the world, and Formula One was no exception to the disruption. From NFTs and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways.

Monaco Grand Prix 2022 saw F1’s fastest pit crew, Oracle (NYSE:ORCL) Red Bull Racing (ORBR), partner with crypto exchange Bybit to launch ORBR’s 2022 NFT collection — minted over the Tezos blockchain. The limited-edition NFT collection is made available via an auction, wherein bidders get to collect digital collectibles representing various aspects of Red Bull’s past, present and future.

Max Verstappen's F1 car sporting the Bybit logo. Source: Cointelegraph

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