Red Bull Racing is entering the crypto world in Formula 1 by partnering with Mysten Labs.
Red Bull Racing, which is the leading team in Formula 1, is stepping into the crypto world with a collaboration. The team in the first place in the championship is forming a crypto alliance.
Red Bull’s Formula Team Forms Crypto Alliance
Red Bull Racing, the first team in Formula 1, has previously collaborated with Tezos and Bybit. Now, the best performing team has decided to partner with another crypto company.
Red Bull Racing and Mysten Labs announced a new collaboration using Sui Blockchain, which Mysten launched this month. Under the deal, Mysten will provide “immersive experiences” for the team, and the Sui logo will appear on Red Bull Racing cars, as well as on drivers and pit crew jackets.
Evan Cheng, co-founder and CEO of Mysten, stated that like many other crypto startups, they are focused on providing services and solutions related to blockchain technology.
Cheng said in his statement:
“Web3 has the potential to go beyond cryptocurrency trading apps or NFT card games and fundamentally change the way people transact, interact and communicate.”
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