Fri, December 1

Fantom Announces Partnership With Scuderia AlphaTauri

Fantom Announces Partnership With Scuderia AlphaTauri Blockchain News
  • Alpha Tauri’s official partner for this season is Fantom(FTM).
  • Fantom logo will be visible on top of halo for the upcoming Monaco and Abu Dhabi Grand Prix.
  • Pierre Gasly continues as Brand ambassador for Fantom.

Scuderia Alpha Tauri, the leading Italian racing team, officially announces its partnership with Fantom(FTM) for the Formula One™ 2021 season.

Fantom is a pioneer smart contract platform, empowering fast transactions at low-cost for the cryptocurrency space. Besides, with the recent upgraded software Go-Opera, it has grown exponentially.

Adding to this, they have reduced their time-to-finality(TTF) to about one second, which is considered the fastest blockchain network.

Moreover, it is the fastest and most reliable version of Fantom yet with improved efficiency and enhanced network resiliency.

Notably, the logo of Fandom would be visible on top of the halo of the AT02 Formula One™ car in the upcoming Monaco and Abu Dhabi Grand Prix this season.

Pierre Gasly, racing driver, has been the Brand-ambassador for Fantom since April, also showed his support through tweets for blockchain.

More so, he will continue as Brand Ambassador via displaying the logo of Fantom on cap during the 2021 season.

Harry Yeh, the present managing Director for Quantum Fintech Group and investor in Fantom, believes in the growth potential of this partnership as this exposure will benefit crypto platforms.

Also, he added,

“We are excited about this partnership. I was an early investor in Bitcoin and Ethereum, and I’ve never been more excited about a blockchain technology project than I am about Fantom. Additionally, unlike other blockchains that use POW (Proof of Work) for mining transactions which is not eco-friendly, Fantom uses PoS (Proof-of-Stake) for transaction processing which is a green and eco-friendly strategy.”

Fantom’s focus on reducing energy consumption in the blockchain ecosystem, according to Alpha Tauri, is a big boon for partnership. Unlike competitors, Fantom uses a Proof-of-Stake system that does not require excess energy to operate.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.