India's Manufacturing Sector Rebounds in October, Boosting Job Creation and Business Outlook 
Binance Boosts POPCAT & MEW Futures—Bullish Momentum for Solana Meme Coins? 
Capital One Faces Potential CFPB Action Over Alleged Savings Account Misrepresentations 
Nio to Launch First Hybrid Model in 2026: A Strategic Move for Global Markets 
Commodity Trading Advisors Favor U.S. Stocks, Dollar, and Gold Ahead of Presidential Elections 
Nvidia CEO Urges SK Hynix to Accelerate Next-Gen HBM4 Chip Production 
Asia's Manufacturing Activity Stagnates Amid Mixed Signals 
China’s DeepRoute.ai Secures $100M to Lead Autonomous Driving, Eyes 200,000-Car Rollout by 2025 
Australia Shifts Focus from Lockheed Martin Satellite Project to Multi-Orbit Space Strategy 
Reserve Bank of Australia Holds Rates Steady Amid Inflation Concerns 
Kamala Harris Leads Trump in New Iowa Poll, Driven by Women Voters 
Australian Government to Slash Student Debt by 20%, Benefiting Millions 
US Bitcoin ETF Historic Outflow Hits $541M as Election Looms, Market Braces for Impact 
Why a Republican Win Could Trigger Euro and French Bond Sell-Offs: Insights from Charles Gave 
U.S. Consumer Protection Bureau Settles Racial Bias Lawsuit with Chicago Mortgage Lender 
OpenAI Considers Shift to For-Profit Model, Engages with California Officials in Early Talks 
Michigan Pension Fund Leads in Ethereum ETF Holdings With New $11M Investment 
Ferrari, the Italy-based sports car maker, has entered the non-fungible token sphere, and this was made possible through its newly-signed deal with Velas, an ecosystem of decentralized products that let people feel the benefits of blockchain technology.
Starting from the next racing season, it was reported that Velas would become one of Ferrari's Formula 1 racing team partners. The two companies inked a multi-year contract to create exclusive digital content for Ferrari fans, as per The Indian Express.
Velas will also be one of the title sponsors of the Ferrari Esports Series and this Esports team is set to compete in the F1 Esports Series. The digital championship is participated in by all teams that are competing in the FIA Formula 1 World Championship.
In any case, most people these days know about the NFT and the blockchain. The non-fungible tokens are more popular because they are digital assets that can be owned. Later, these collectibles can also be traded and some of them are even selling at high prices of up to millions.
In fact, there are moneyed individuals who have already spent more than $9 billion on digital assets. Based on predictions, it was said that total sales for NFT could even reach $17.7 billion by the end of this year as cryptocurrency and NFTs are really the trend and booming right now.
"We are pleased to start this collaboration with Velas Network AG, a company that makes innovation and performance the hallmark of technologically advanced products and services: these are all values that unite us and that led us to choose Velas as one of our Premium Partner," Scuderia Ferrari general manager and team principal, Mattia Binotto, said in a press release with regards to the company's deal with Velas for digital content.
Velas' co-founder and chief executive officer, Farhad Shagulyamov, also expressed the company's pleasure for a chance to collaborate with an iconic brand. "Having built a next-generation blockchain that puts the emphasis both on sustainability and performance, it was natural to partner with another icon of excellence, which is Ferrari," he said.
