OpiPets: The Rise of Blockchain in Formula 1
PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the roads of Monte Carlo in Monaco, Formula One has developed into a billion-dollar industry with teams and drivers boasting a cult following globally. The relationship between Formula One and the blockchain industry has grown in recent years. In part due to the growing adoption of crypto and blockchain technology. Crypto.com made a significant splash when it was announced as a Global Partner of....
Related News
Formula 1, the international auto racing organization, has found a new sponsor from the crypto industry. The long-term deal will provide a digital asset trading platform with brand presence at F1 events while the car championship hopes that the partnership will allow it to “explore the world of cryptocurrency.” Crypto.com to Support Formula 1 as Part of Reported $100 Million Sponsorship Agreement The deal between Formula 1 and Crypto.com, which was announced on Tuesday, has been negotiated with the help of sports firm Creative Artists Agency. The terms were not immediately....
The last year has proven that the emergence of Web3, NFTs, and play-to-earn are far from a fad. There are cultural shifts taking place today that show immense potential to completely flip traditional models on their heads – from how we look at content, gaming, finance, and more. Play-to-earn gaming has reaped massive rewards from this shift and is poised to continue to do so as societal adoption grows. However, in the early days of play-to-earn titles earning legitimacy and status, along too has come inherent barriers to entry. The costs of acquiring many of the base-level NFTs just to get....
Formula One has filed eight trademark applications covering a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services with the United States Patent and Trademark Office (USPTO). Formula One Getting Deep Into Crypto, NFTs, Metaverse Formula One filed eight trademark applications with the United States Patent and Trademark Office (USPTO) on Oct. 5 indicating its plans involving a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. A USPTO-licensed trademark attorney, Mike Kondoudis, detailed in a tweet Monday:....
U.S.-licensed Formula One constructor Haas F1 Team has announced a collaboration with non-fungible token (NFT) marketplace Opensea. As part of the agreement, a collection of NFTs will be produced for Haas while Opensea’s logo will appear on its cars. Opensea to Help American Formula One Team Launch NFT Collection Leading peer-to-peer marketplace for non-fungible tokens Opensea will create an NFT collection for Haas F1. The collaboration was announced Thursday by Haas, the only American-owned team competing in the FIA Formula One World Championship. In a press release on its website, Haas....
Formula 1 has been growing in popularity lately. In fact, the US audience has found substantial traction this year in a sport that has historically been more popular in Europe and Asia. ESPN TV ratings for F1 are up 50% from last year, and up 36% from 2019. F1 recently renewed it’s partnership with online […]