Bybit Enters USD 150M Deal with Red Bull F1 Team; Plans Fan Token, NFT Collaboration


 
Bybit, one of the top 10 crypto exchanges by spot volume, has entered into a major sponsorship agreement with the Formula One team Oracle Red Bull Racing, with the exchange now taking on a new role of the “Issuance Partner” for fan tokens and non-fungible tokens (NFTs) for the racing team.
With a value of USD 50m per year for three years, totaling USD 150m, the deal marks the largest sponsorship agreement on a per-year basis for any crypto company in sports….
Read More: Bybit Enters USD 150M Deal with Red Bull F1 Team; Plans Fan Token, NFT Collaboration


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