General Manager Mattia Binotto of Ferrari said that the company chose Velas as one of its premium partners, because the two companies share values such as innovation and performance of technologically advanced products and services. Ferrari announced Monday that they have signed a multi-year agreement with Velas to jointly issue “exclusive digital content” for the Scuderia’s fans. Velas will also be the main sponsor for Ferrari Esports Series, the online series competing in the F1 Esports Series, the official digital championship including all teams participating in the FIA Formula 1 World Championship. The announcement describes Velas as a major company in the industry of digital assets and blockchain, emphasizing the startup’s focus on nonfungible tokens (NFT).
Farkhad Shagulyamov, a co-founder and newly appointed CEO of Velas, said that it was natural for Velas to partner with “another icon of excellence, which is Ferrari.
“Velas has introduced an innovative variety of pioneering technology into the blockchain and associated products, which will now be showcased at the pinnacle of motorsport,”
“The next chapter is coming Today, Velas officially partnered with Scuderia Ferrari. Thanks to both the @ScuderiaFerrari and @VelasBlockchain teams for such fantastic work you have done together”
The purpose of Velas is to address and fix existing issues and challenges faced by most existing Blockchains, like centralization, 51% attack, nothing at stake problem, scalability, security, high upfront expenses, etc. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm.
FASTEST EVM CHAIN TO COMPETE WITH ETHEREUM 2.0, Velas is the fork of Solana with embedded EVM integration.
Velas price today is $0.4335 with a 24-hour trading volume of $15,046432 VLX price is down -10.4% in the last 24 hours. It has a circulating supply of 2.2 Billion VLX coins and a total supply of 2.25 Billion. If you are looking to buy or sell Velas, Gate.io is currently the most active exchange.