• Ferrari terminates lucrative sponsorship deal with Velas

    Il y a 19 jours - Par F1i

    Ferrari has prematurely concluded its partnership with blockchain company Velas, leaving the Scuderia with an estimated $30 million shortfall in revenue for 2023.
    The Ferrari-Velas partnership was initiated in 2021 to help promote fan engagement through the use of nonfungible tokens and other collaborative initiatives.
    It is rumored that Velas, created in 2019 by crypto entrepreneur Alex Alexandrov, was in breach of its financial obligations with Ferrari.
    However, according to sources, the Italian outfit was reportedly noncompliant with clauses that permitted Velas to create NFT...
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