F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships and more

2022.05.30 15:26

F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships and more

Crypto has taken over the world, and Formula 1 was no exception to the disruption. From nonfungible tokens (NFTs) and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways.

Monaco Grand Prix 2022 saw F1’s fastest pit crew, Oracle (NYSE:ORCL) Red Bull Racing (ORBR), partner with crypto exchange Bybit to launch ORBR’s 2022 NFT collection — minted on the Tezos blockchain. The limited-edition NFT collection is made available via an auction, wherein bidders get to collect digital collectibles representing various aspects of Red Bull’s past, present and future.

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