- Oracle Red Bull Racing is known for its deep commitment to Web 3.0 companies.
- Bybit, a cryptocurrency exchange, has recently come on board as a significant sponsor.
The Formula One racing team Oracle Red Bull Racing has formed a cooperation with layer-1 blockchain protocol Sui Network.
As stated in the press release, Sui Network has been selected as the team’s blockchain partner and will be collaborating with the organization to create innovative digital content for the group’s global fan base.
Rising Blockchain Adoption
Furthermore, a number of years ago, blockchain technology began to intersect with the realm of sports. The Formula One team Oracle Red Bull Racing is known for its deep commitment to Web 3.0 companies. Bybit, a cryptocurrency exchange located in Singapore, has recently come on board as a significant sponsor.
Since Formula One is watched all around the globe. The Sui Blockchain technology stands to get a lot of exposure to people all over the world thanks to this event. The alliance will help Oracle Red Bull Racing establish itself in the Web3.0 community. While also providing the protocol with its intended advantages.
Moreover, the F1 team might get an edge over its rivals by adopting blockchain technology, which is here to stay. As one of the most functional and scalable protocols available today, Sui Network’s partnership with it will assist bring it to the forefront.
According to Dr. Greg Siourounis, the Managing Director of the Sui Foundation, the deal between Sui Network and Oracle Red Bull is a multi-year partnership that will allow the former to demonstrate how the emerging technology and innovation embedded in blockchain can be used to foster productive human interactions.
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