Jan.16 (GMM) The crypto hype in Formula 1 is definitely over.
Late last year, Mercedes took FTX branding off its Formula 1 car as the cryptocurrency exchange collapsed – later leading to the arrest of its boss Sam Bankman-Fried.
It now emerges that, over the winter break, Ferrari has also split with its own major cryptocurrency-related backer – the blockchain platform Velas.
“The agreement with Velas was terminated ahead of schedule,” a Ferrari source said in the Italian media.
“We will not comment on issues that are the subject of dispute.”
Similarly, Red Bull has split with blockchain platform and Formula 1 sponsor Tezos, while according to Auto Motor und Sport the logos of Alpha Tauri backer Fantom have disappeared from the team’s sponsor list.
Jun.10 (GMM) Nico Hulkenberg could find himself with a starring role in a future round…
Jun.9 (GMM) Many new fans of top-level single seater racing do not understand "how motorsport…
Jun.9 (GMM) The 'Adrian Newey effect' is already happening at Aston Martin, according to team…
Jun.9 (GMM) Lance Stroll looks set to return to the wheel of his Aston Martin…
Jun.9 (GMM) Lewis Hamilton's hopes of an eighth world championship are slipping away. That's the…
Jun.9 (GMM) Three former Formula 1 drivers agree that Oscar Piastri has become the clear…