According to industry buzz, Formula One Group, which is continuing to expand beyond the racing tracks, has just concluded a very promising contract.
The board of the Formula One Group, are continuously redesigning their services with an aim to engage young audiences in F-1 racing and beyond the racetrack.
This new contract signed by Formula One Group and the up-and-coming company Sagidis Limited from New Zealand, which operates in the non-fungible token industry, may be a beginning of a very ambitious path for both parties.
The agreement will definitely raise the status of Sagidis Limited, the newly minted F-1 sponsor. The company will now be able to develop even more dynamically in its market and attract substantial contributions to its investment fund. On the other hand, this sponsorship contract allows both parties to launch the full-scale entry of the Formula One Group into the digital NFT world. Media resources of the company signs various promising contracts every year, aiming to attract a larger audience, but this contract can open up an entirely new vector of future development.
This collaboration may launch a series of projects – we’re even visualizing a possible F-1 NFT collection.
The NFT market has incredible potential, and is already the hottest thing at the junction of digital and financial markets, so this partnership is looking very auspicious.