Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
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.
