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Cryptocurrency Cointelegraph

Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

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.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

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.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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