Gaming News
| Published On Apr 10, 2024 1:54 pm CEST | By iGaming Team

Bybit and Oracle Red Bull Racing Introduce Velocity Series 2.0 NFT Collaboration

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Excitement reverberates through the crypto and Formula One™ communities as Bybit, a top-tier crypto exchange, and Oracle Red Bull Racing (ORBR), the reigning Formula One™ World Champions, join forces once again for the highly anticipated return of their revolutionary NFT collaboration – Velocity Series 2.0.

A Fusion of Racing and Digital Art

Expanding on the triumph of the inaugural series in 2023, Velocity Series 2.0 introduces “Data Driven Art,” a groundbreaking concept blending artistry with real-time racing data. This innovative approach manifests in unique digital art collections inspired by the iconic RB20 F1 car’s thrilling achievements. Additionally, Bybit Web3 and Oracle Red Bull Racing will pioneer fractional NFTs on the DN-404 protocol for the first time, marking a bold stride in the industry.

Mirroring the innovation of ORBR’s legendary cars, the 2.0 Passes promise an unparalleled experience. Featuring an enhanced design, the Velocity Passes will introduce an additional 1,000 passes to the collection, totaling 2,000 passes, offering exclusive benefits and access to token-gated experiences.

The Series 2.0 Pass sale kicks off on April 12, 2023, at 2PM UTC, presenting enthusiasts with a chance to acquire 900 passes. Benefits include access to exclusive NFT artwork drops, token-gated activations, and entry into raffles for real-life prizes.

The previous Velocity Series garnered widespread acclaim, achieving remarkable success in the secondary market. Notable highlights include the Velocity Pass achieving a 6x increase from its initial price and significant surges in secondary sales of featured artwork.

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Ben Zhou, Co-founder and CEO of Bybit, expressed enthusiasm for the collaboration, emphasizing its role in pushing the boundaries of digital art. Oliver Hughes, Chief Marketing Officer at Oracle Red Bull Racing, echoed this sentiment, highlighting the series’ ability to engage fans in new and exciting ways.

Federica from AOI and Pop Punk from DN-404 lauded the collaboration’s evolution, emphasizing its role in bridging artistic expression with the data-driven world of Formula One™. DN-404, in particular, emphasized its pride in providing the technological backbone for Velocity Series 2.0.

As Velocity Series 2.0 unfolds, it promises to redefine the intersection of motorsport and digital art, inviting enthusiasts worldwide to embark on an immersive journey at the forefront of innovation.