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Sui Network Signs Multiyear Deal with Red Bull Racing
Summary: Layer-1 blockchain Sui Network announced in a recent press release it has signed a multiyear deal with Formula One's Oracle Red Bull Racing team. The blockchain's native token (SUI) rose by 1.7% following the news. This is not the first time Red Bull has ventured into the crypto industry. Last year, it signed a $150 ...
Layer-1 blockchain Sui Network announced in a recent press release it has signed a multiyear deal with Formula One's Oracle Red Bull Racing team. The blockchain's native token (SUI) rose by 1.7% following the news.
This is not the first time Red Bull has ventured into the crypto industry. Last year, it signed a $150 million deal with derivatives exchange Bybit. The racing team's partnership with Sui will allow it to provide a host of digital experiences for its fans.
"Oracle Red Bull Racing was an early adopter of Blockchain technology in Formula 1," Oracle Red Bull Racing Team Principal and CEO Christian Horner said. "Partnering with Sui will elevate that experience, making access easier, more secure and engaging."
Author: Katie Lin
Tags: Blockchain,Bybit,Crypto,derivatives,Formula One,Layer-1,Oracle Red Bull Racing,Red Bull,SUI,Sui Network
Link: Sui Network Signs Multiyear Deal with Red Bull Racing [Copy]
