Frisco,United States - July 20, 2022 /NewsNetwork/ —
The new report comes as many F1 teams announce sponsorships with companies from the blockchain and crypto industry. In the 2022 season, eight out of 10 teams have a crypto sponsor.
More details can be found at https://chiliznews.com/f1-teams-blockchain-partners-list-nfts-fan-tokens-cryptocurrency-sponsors-exchange-platforms
While the NBA is still leading the way when it comes to crypto partnerships, the new report explains that the 2022 F1 season saw wide adoption of crypto sponsorships across the board. This includes crypto exchange platforms and blockchain technology companies.
Aside from team sponsorships, in 2022, Formula 1 announced that Crypto.com would be the official title partner for the Miami Grand Prix. Additionally, the two have partnered on the Crypto.com Overtake King Award, where fans get to vote for the best maneuver of the day.
In the latest report, Chiliz News breaks down the current state of F1 and crypto sponsorships, providing an overview of each team competing for the 2022 world championship.
As stated in the report, the first F1/crypto sponsorship was announced on March 2, 2021, when Aston Martin and Crypto.com, one of the leading crypto exchange platforms, finalized their sponsorship deal. That same month, AlphaTauri signed with Fantom, an open-source smart contract platform for digital assets and dApps. In the coming months throughout 2021 and 2022, six teams announced that they would have a crypto sponsor in the 2022 season.
Other sponsorships covered in the report include Ferrari – sponsored by a blockchain technology developer Velas, Red Bull – sponsored by crypto exchange platform Bybit, McLaren – sponsored by open-source platform Tezos, and BWT Alpine – sponsored by one of the largest crypto exchange platforms Binance. Currently, the only two teams without a crypto/blockchain sponsor are Haas and Williams.
Chiliz News also reports that Aston Martin was one of the top Crypto.com creators in 2021. After a successful launch, this NFT collection was expanded in 2022.
As cryptocurrency sponsorships gain popularity in the world of sports, Chiliz News will continue to deliver comprehensive and timely coverage of the latest developments in Formula 1, the NBA, the NFL, and other sports. Already, the site has covered the biggest stories of the past two years, including the renaming of the LA Laker’s home Staples Center to Crypto.com Arena.
Interested parties can find out more at https://chiliznews.com
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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