Red Bull Racing and Mysten Labs have announced a new partnership that will utilize Mysten’s Sui blockchain.
Red Bull Racing and Mysten Labs have announced a new partnership that will utilize Mysten’s Sui blockchain, which launched earlier this month. As part of the deal, Mysten will create “immersive experiences for fans” on behalf of the team, while the Sui logo appears on both Red Bull Racing’s cars and the jackets of drivers and pit crew.
Mysten co-founder and CEO Evan Cheng appears eager, like many crypto startups, to remind the public that some blockchain startups are focused on providing services and solutions that have nothing to do with trading digital currencies or playing video games. “The potential of Web3 to fundamentally change the way humans transact, interact and communicate extends far beyond the basic cryptocurrency trading apps or the NFT card games we have seen so far,” he said in a statement.
Cheng and three other former Meta employees founded Mysten in 2021. The company's Sui network is a Layer 1 blockchain positioned as a more efficientThis is not Red Bull Racing’s first partnership with a crypto company. The team has also previously struck sponsorship deals with Tezos and the trading platform Bybit, which agreed last year to pay Red Bull Racing $150 million.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sui Blockchain Signs Multiyear Deal With Red Bull Racing.redbullracing has signed a multiyear deal with layer 1 blockchain SuiNetwork. The SUI token rose by 1.7% after the announcement. Reporting by oknightcrypto.
Read more »
Red Bull Dance Your Style brings the national spotlight to Chicago - Chicago ReaderStreet dance enthusiasts crowded a stage at the Salt Shed on all four sides at Red Bull Dance Your Style’s national final on the evening of Saturday, May 20. | ✍️ Dora Segall
Read more »
Pro Racing Driver Describes Tesla Model S Plaid As 'Dangerously Fast And Unstable'Racer and driving instructor Misha Charoudin recently took a stock Model S Plaid to the Nurburgring to put it through its paces.
Read more »
Horse racing officials to hold emergency summit over ‘unusually high’ number of deaths at Churchill DownsA dozen deaths in less than a month at Churchill Downs has prompted race horsing officials to hold an emergency summit on Tuesday.
Read more »
Stock market outlook: 4 reasons current bull rally is most hated in history4 reasons why the current rally in stocks could become the most hated bull market in history
Read more »