Ferrari Partners with Velas to Provide Exclusive Digital Content for Scuderia’s Fans

  • By: Thorsten Meyer
  • Date: 8. January 2022
  • Time to read: 6 min.

Ferrari has partnered with Velas to provide exclusive digital content for the Scuderia’s fans. In addition, Velas will be the Title Sponsor of the Ferrari Esports Series, the online mono-brand series of the Prancing Horse, and of the Esports team that will compete in the F1 Esports Series, the official digital championship competed in by all teams participating in FIA Formula 1 World Championship.

Ferrari

Velas Network AG is a Swiss company that is well-known for the development and integration of cutting-edge digital products and services and is led by a team of engineers, cryptographers, researchers, and mathematicians. Velas is a worldwide leader in the blockchain and NFT sector thanks to its services’ performance and innovation, as well as technological leadership, which ties it with the Maranello squad.

The team has announced a three-year deal that will see Scuderia create special digital content for its followers. In addition, Velas will be the Title Sponsor of the Ferrari Esports Series, which is a web-based single-brand series sponsored by the Prancing Horse, and of the Esports team that will compete in the F1 Esports Series, which is an official digital championship contested by all teams competing in Formula 1.

Ferrari

Metaverse

Ferrari is venturing into the virtual world, as interest in the metaverse and non-fungible assets (or “NFTs”) has grown in recent months. With corporations ranging from luxury brands to sportswear giants like Adidas rushing to join with and market to consumers in the developing digital era, issues of authenticity, valuation, and scale are surfacing and evolving in real-time.

The new partnership is seen as a way for Ferrari to tap into the younger, more digitally-savvy generation of race fans. Esports are growing in popularity around the world, with an estimated 380 million people watching or participating in some form of competitive gaming by 2021. In order to stay ahead of the curve, many traditional sports teams and leagues are buying or starting their own esports organizations.

The Legacy of Web 2.0

The globe has evolved dramatically in the last several years, with unprecedented global events prompting a slew of inquiries about what comes next and how we should proceed.

COVID-19 helped to accelerate our society’s evolution by generating faster, larger, and more complicated businesses. Businesses, governments, and private households were compelled to embrace digital technologies in order to minimize them.

The digital era has arrived with the introduction of services and applications that take advantage of our current mode of communication and information transmission to go further.

The need for innovation is increasing as a result of the accelerated and forced digital transformation.

The darker side of rapid digitalization has given rise to behemoths and monopolies that spread centralization, censorship, and control throughout the digital world as well as social media platforms.

If you use popular social networking sites, your personal information is no longer yours. Personal data is harvested by a wide range of businesses for their own purposes. These issues are the lasting legacy of Web 2.0.

Web 3.0 

The Internet 3.0 will wipe away the distinctions between online and offline, allowing for completely genuine communities that are saturated with decentralized apps available across domain-specific clusters. Because of the millions of little acts performed by billions of individuals, organizations, and technologies over time, it’s likely that people, companies, and technology will work in new ways. Your

Velas Network

The objective of Velas is to design an open, permissionless, and secure network that may be used by anybody with access to the web. This can also be described as a decentralized Internet or Web 3.0. The devolution of control over information processing and dissemination has resulted in a new system.

Velas acquired the most important and useful technological breakthroughs and created decentralized goods based on top of them. Velas developed its solutions to be user-friendly, easy to use, and as clear as centralized services, but without compromising users’ privacy or establishing a single central point of failure.

Blockchain

Blockchain has the ability to revolutionize economic and social interactions and, with time, become the foundation of a digital society.

Blockchain is a distributed ledger technology that aims to prevent unlawful access, ensure that records are unalterable (once something is entered, it can’t be removed), and enable tracking without the need for centralized administration.

Velas Comparison with others

This architecture allows various organizations to utilize the same database, which does not require human attention to maintain its validity, and is protected from unauthorized access.

Manage Date Decentralized and Secure

Blockchain technology has demonstrated its advantages in managing data in a decentralized and secure manner, merging numerous parts together into one whole. Blockchain is capable of swiftly and securely transporting value across the internet, whether it’s rights of ownership, items, or services. Efficiency implies not only the speed of information exchange on the blockchain but also ensuring its reliability, immutability

When the added expenses and liabilities outweigh the benefits, it’s essential to get your hands on this data. Customer awareness is becoming increasingly important to customers as more companies use customer data in innovative technologies such as AI and IoT. If the blockchain has achieved a certain level of maturity, then UX/UI technology developers will be at a disadvantage. They will soon

According to Gartner, 30% of customers’ sensitive personal data will be protected by blockchain-based licenses by 2024.

What is Velas?

Velas is the first Fastest EVM/eBPF Hybrid Chain mechanism blockchain, that allows building decentralized applications and smart contracts on its main net, and ables the scalability of the transactions, being able to validate up to 50 000+ transactions per second.

What Problem Does Velas Solve?

Velas solves blockchain trilemma building secure, interoperable, and extremely scalable.

What Is the Consensus Mechanism Used in Velas?

Velas uses EVM/eBPF Hybrid Chain consensus

Who Are the Competitors of Velas?

All blockchain platforms could be considered as Velas’s main competitors – Ethereum, TRON, EOS, Cardano, NEO, Steem, Klaytn, TomoChain, IOST, ICON, etc. Also, Velas Ecosystem includes products such as Velasphere that provide users with Distributed Data Storage (competitors – Filecoin, Storj, Sia, etc) and Distributed Cloud Computing (competitors – Golem, iExec, SingularityNET, etc). Moreover, Velas is building Decentralized Video Streaming and Sharing Service, meaning that such platforms as YouTube, Vimeo, Livepeer, LBRY, D.Tube, and others are also Velas Competitors

Who are Velas partners and early customers?

Coinpayments, Alpina Capital, Mind AI, Market Across, Blockchain Suisse, etc

What is BitOrbit?

BitOrbit – is a social media next-gen that has a better system (decentralized social media), so that users can maintain their freedom of opinion responsibly. The philosophy that we use in presenting a system like this is “Ownership of personal data belongs to each user, community-based power, and almost no unilateral authoritarian decisions.” BitOrbit is made up of 3 modules, Account, Chat & Content. 

What is the Velas Ecosystem?

Velas Ecosystem is a global network consisting of Velas Fastest EVM/eBPF Hybrid Chain mechanism in its core, VLX token as the meaning of value within the Network, and Velas products which for now are Velas Account and BitOrbit

When Was Velas Network Launched?

Velas Network launched Mainnet in February 2020.

 What is Velas Vault?

Velas Vault allows users to delegate the security of their passwords, keys, or seed-phrases to segmentation algorithms and validators that are interested in data security distributing information over the network and not available to any of its participants

What is Velas Coin (VLX)?

VLX is a utility coin used in Velas Ecosystem. VLX could be used in three ways:

  1. Users can stake VLX and receive rewards for block validation;
  2. Users can access or pay for services within the Velas Ecosystem such as BitOrbit;
  3. As with any cryptocurrency users can trade with VLX or treat it as an investment.

What is Velas Native Wallet?

Velas Native Wallet is a product by Velas that has been upgraded to the Solana compatible Blockchain system. It has advantages in terms of speed and affordability in comparison to competitors. And it also needed for staking

What is Velas NFT Marketplace?

Because of their special qualities, NFTs open up new business models that haven’t previously existed. Because of their unique characteristics, the future of NFTs as a whole is bright because they provide possibilities for new business models that have never been seen before. Velas is interested in this cutting-edge area and will give funding to enterprises, organizations, and individuals who are willing to develop the NFT field.

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