Ferrari ended its crypto partnership and suffered a loss of $30 million as a result.
Toto Wolff, the team principal and CEO of the Mercedes-AMG Petronas F1 Team, warned that other teams could come across a similar situation. However, the relationship between F1 and the crypto ecosystem spans beyond partnerships. On October 2022,
as it revealed plans to set up an online marketplace for cryptocurrency, meta tokens, digital collectibles, crypto-collectibles and NFTs.Amid a bear market, Web3 projects have taken up the lead to strengthen engagement between fans and sports leagues. Deloitte’s “2022 Sports Industry Outlook” report predicted an acceleration in the blending of real and digital worlds, along with growing markets for NFTs and immersive technologies. As Cointelegraph reported, the lack of easy-to-use platforms stands as the biggest challenge for mainstream adoption.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trillions: 23 ETFs for 2023 on Apple PodcastsOn this week's Trillions, we take a look at the 23 ETFs to watch in 2023. Here, psarofagis and scarletfu discuss $RSX, a Russia ETF that essentially froze after the invasion of Ukraine Listen on Apple podcasts:
Read more »
The one thing killing Android smartwatches at CES 2023 | Digital TrendsCES2023 has revealed a few cool smartwatches, but none make use of the latest Qualcomm processor we know is waiting in the wings, and it's a serious problem.
Read more »
12 Alabama restaurants to put on your 2023 calendar -- one for every monthFrom Florence to Orange Beach and places in between, here are some great Alabama restaurants to check out this year.
Read more »
Colorado Soccer Notebook: Rapids announce 2023 preseason; FC Cincinnati acquire Switchbacks rising starThe Colorado Rapids will head south of the border to begin preparations for the 2023 campaign.
Read more »
2023 could be a rocky year for crypto venture investments: Galaxy Research2022 was a bumper year for Web3 and crypto VC investing despite the high-profile meltdowns, but that trend may not continue into 2023.
Read more »