Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season Post author:MiamiCrypto Post published:January 8, 2023 Post category:fan tokens / ftx / sport The Ferrari-Velas partnership from 2021 — set at $30 million a year — was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives. You Might Also Like How Peter McCormack is turning an unknown town into a Bitcoin hub June 13, 2023 Will SBF face consequences for mismanaging FTX? Don’t count on it November 15, 2022 LA Lakers’ Home Arena Renamed After Crypto.com in $700M Deal November 17, 2021