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Oracle Red Bull Racing, Bybit and Azuki promote NFT collection in Formula 1

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Key facts:
  • This is the first time an NFT has sported a Formula 1 car or participated in a race.

  • Bybit, Chiru Labs, Oracle Red Bull Racing and Tezos is the cocktail from which the project was born.

Oracle Red Bull Racingits main team partner, Bybitand the creator of Azuki, Chiru Labs, have made Formula 1 history. Together, they flaunted a non-fungible token for the season finale in Abu Dhabi. This is the first time an NFT has sported a Formula 1 car or participated in a race.

The NFT She the lightning Azuki will accompany Max Verstappen and Sergio Pérez in their quest for the last victory of the season. She, a maverick whose brute strength, passionate personality, striking image and boundless spirit embody all of Lei’s values. Oracle Red Bull Racingis the perfect match for the 2022 world champions.

Oracle Red Bull Racing, Bybit and its partners

NFT also highlights the diverse backgrounds of the partners who came together to create it. Bybit is a leading cryptocurrency exchange. And a gateway to the Web3. Chiru Labs, creator of Azuki, creates decentralized brands at the intersection of art, technology and culture. Tezos is the blockchain Open-source software in which NFTs are coined.

Oracle Red Bull Racing’s official announcement on the Azuki NFT. Source: Red Bull Racing.

An NFT is a token Unique digital token on the blockchain corresponding to an artwork or other asset, whose provenance is publicly traceable. These are highly coveted and desired works that traditional art houses already have in their catalogs.

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To commemorate the teams’ record-breaking season and the event, fans will have the opportunity to own a limited edition version of Lei the lightning bolt Azuki. The #8494 NFT will be minted in Tezos and will be available free of charge on a first-come, first-served basis.

“This is a unique work of art and a timeless moment. We are expecting exciting things from this unique collaboration and from She the Azuki Ray. She is such an endearing character and a bridge that unites the racing, cryptocurrency, and NFT communities. We know everyone will jump at the chance to own a piece of history.”

Ben Zhou, co-founder and CEO of Bybit.

“The nature of our sport leads us to always push the limits, and to be the first to put a world-class NFT on a Formula 1 car is an extraordinary feat. Our partnership with Bybit and Azuki has been an ideal way to help us explore the world of Web3.

Christian Horner, Team Principal of Oracle Red Bull Racing.

The founder of Azuki Zagabond pointed out, “Lei, the Azuki Lightning, reflects the passion, precision and raw power of Oracle Red Bull Racing. We look forward to telling Lei’s story in the 2023 F1 season..”

NFT themed Lei the lightning and digital art Will be available in the NFT market from Bybit. Fans simply need to register on the site to claim their piece of history and their unique Azuki NFT.

Bybit’s announcement on its website about the emerging NFT series. Source: Bybit

About Bybit

Bybit is a cryptocurrency exchange created in March 2018. It is a professional platform where cryptocurrency traders can find an ultra-fast matching engine. Also, excellent customer service and support from a multilingual community.

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The company provides innovative online spot and derivatives trading services. Mining products and stakingas well as API support, to retail and institutional customers worldwide.

In addition to Oracle Red Bull RacingBybit sponsors e-sports teams such as NAVI, Alliance, Astralis and Virtus.pro; German football club Borussia Dortmund; and Japanese football club Avispa Fukuoka.

For media inquiries, contact: press@bybit.com

To learn more about Bybit, visit: https://www.bybit.com/. For up-to-date information, follow Bybit’s social media platforms at. twitter, instagram, facebook, discord, reddit, tik tok, youtube.

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