Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

The Ferrari-Velas partnership from 2021 — set at $30 million a year — was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives.

Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

The Ferrari-Velas partnership from 2021 — set at $30 million a year — was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives.