Kraken sponsors F1 car with Bitcoin whitepaper

Crypto change Kraken has sponsored a Method 1 (F1) sports activities automobile that includes a bit of the Bitcoin whitepaper, as revealed on Twitter on March 31.

Kraken brand is definitely BTC whitepaper

The Kraken brand, featured on a automobile belonging to Method 1 group Williams Racing, is in truth made up of a number of strains of textual content from the Bitcoin whitepaper:

The partnership, which features a broader branding relationship between Kraken and Williams Racing, was introduced on March 28 by each corporations.

Kraken branding may also be seen on the automobile’s halo and rear wing and on driver outfits and group caps, based on the announcement.

Moreover, the rear wing of the automobile will show non-fungible tokens (NFTs) or digital collectibles from Kraken’s market, Kraken NFT. The corporate opened that market to the general public in December 2022 after introducing a waitlist in Could of that yr.

James Bower, Business Director at Williams Racing, mentioned the partnership will moreover present “cutting-edge crypto and Web3 experiences” to followers whereas serving to Kraken kind relationships with new company and institutional shoppers.

Different statements recommend that the partnership will embody pop-up fan experiences, merchandise giveaway contests, and different occasions.

Different Method 1 crypto partnerships

Sports activities partnerships are pretty frequent within the crypto business, and numerous Method 1 groups have particularly fashioned relationships with blockchain companies.

Crypto.com entered a partnership with Aston Martin Cognizant Method One in March 2021. Later, it turned a crypto sponsor for Method 1 in its entirety. That partnership noticed Crypto.com deal with NFTs for the racing group and work towards carbon neutrality objectives.

Elsewhere, ByBit sponsored Purple Bull’s Method 1 group in 2022. Tezos by the way ended a Purple Bull sponsorship deal in December 2022 however stays concerned in a partnership with McLaren Racing and associated entities that dates again to 2021.

Dogecoin co-creator Billy Markus additionally expressed curiosity in having the Dogecoin group sponsor the Haas F1 group in 2022, although this didn’t happen.