Oracle Red Bull Racing announced on June 1 that it has signed a multi-year official blockchain partner agreement with MystenLabs, the developer of the Sui blockchain. Sui just launched its mainnet in early May.
Over the next few months, Sui will roll out a digital experience for fans of the team.
This is not the first time the racing team has worked with the cryptocurrency industry. Last year, it signed a $150 million deal with cryptocurrency exchange Bybit.
Sui Blockchain’s native token “SUI” was issued on May 3 and temporarily rose to $1.35. It is currently hovering around $0.97.
“Oracle Red Bull Racing was an early adopter of blockchain technology in Formula 1. Our partnership with Sui enhances that experience and makes access easier, safer and more engaging,” said the racing team president and CEO. said Christian Horner of
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: 2022 Monaco GP (Shutterstock)
｜ Original: Sui Blockchain Signs Multiyear Deal With Red Bull Racing