F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships and more

Get, set, go: crypto is no backmarker in F1 Monaco GP.

and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways.

Monaco Grand Prix 2022 saw F1’s fastest pit crew, Oracle Red Bull Racing , partner with crypto exchange Bybit to launch ORBR’s 2022 NFT collection — minted on the Tezos blockchain. The limited-edition NFT collection is made available via an auction, wherein bidders get to collect digital collectibles representing various aspects of Red Bull’s past, present and future.

Speaking to Cointelegraph editor-in-chief Kristina Cornèr, Bybit co-founder and CEO Ben Zhou said that F1 has a symbiotic relationship with crypto as the partnerships between the two industry pulls in young investors into the F1 fan base: “Formula 1 is the challenger of the norm, and that really goes well with crypto. It’s a really huge synergy we see.”The Search for the Next Level

, a film starring Red Bull drivers Max Verstappen and Sergio “Checo” Pérez — circled around the launch of the new RB18 car.

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