Sui Network Becames Partner of Red Bull Formula 1 Team

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Sui Network, a Tier 1 blockchain developer, has recently announced a “multi-year partnership” with Formula 1 racing team Red Bull.

Greg Siorunis, the Managing Director of the Sui Foundation praised the collaboration, saying it shows how Web3 can connect people.

Additionally, the two will be working on the creation of games. On the same day, Mysten Labs, the project behind Sui Network, announced numerous partnerships with developer companies for Web3 games.

This came shortly after Sui’s mainnet launch on May 3rd of this year and the listing of its native SUI token on Binance.

Inspiring this, back in February 2022, Red Bull had entered into a three-year sponsorship agreement with Bybit.

Following that, in March 2023, Kraken trading platform became the first official Web3 partner of Williams Racing. Furthermore, the organization also registered two trademarks related to digital assets, metaverses, and NFTs.