Velas Powers into Formula 1 with Multi Year Scuderia Ferrari Partnership

Farhad Shagulyamov, CEO and Co-Founder of Velas, commented: “Having built a next-generation blockchain that emphasizes both 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.”

Alex Alexandrov, Chairman and Founder of Velas, commented: “We are delighted to be embarking on this incredible adventure together with Ferrari and taking people with us on a journey that they will never forget in this new era of Formula 1. There is a very bright future ahead, for the unique partnership between Velas and Ferrari, as well as for the sport as a whole. We look forward to seeing you out on the track!”

Mattia Binotto, General Manager and Team Principal, Scuderia Ferrari: “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.”

For those new to digital assets, a blockchain is a digital ledger of transactions with copies duplicated, encrypted and distributed across an entire network. This means that all transactions take place securely, without the need for any third-party involvement.

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