Velas Token Rises 24% After Partnership With Ferrari

Blockchain company Velas Network AG will issue NFT tokens and other digital collectibles for the automaker
Velas token (VLX) price has risen by 24% and exceeded $ 0.41 after the announcement that blockchain company Velas Network AG has become a partner of the Scuderia Ferrari team of the Formula 1 championship. The company will partner with the racing team to release NFT tokens and other digital collectibles.

We end this year beautifully at high speed.🏎💨 Velas Blockchain introduces a new multi-year partnership with @ScuderiaFerrari.








Flying to the moon on a red rocket. Evviva!🇮🇹
📲Read the full press release here: https://t.co/RgWsCT8Kg4 pic.twitter.com/EGemAl1ViY
— Velas (@VelasBlockchain) December 27, 2021
 
 





 
 
 






On December 28, the Velas token (VLX) is trading at $ 0.35, and its capitalization is $ 794 million, according to CoinGecko. Altcoin has risen in price by 72% over the week.





Velas Network AG will also be the title sponsor of the virtual Ferrari Esports Series and the automaker’s Esports team that will compete in the F1 Esports Series.
Crypto.com, a cryptocurrency exchange service, signed a sponsorship deal with British sports car maker Aston Martin in March . In 2021, the company returned to Formula 1 after a 61-year hiatus. Its cars bear the logos of the crypto exchanger.