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Ferrari joins growing list of companies that cut ties with crypto

 

Ferrari has ended its partnership with Velas blockchain in advance of the next Formula One season. According to reports, Scuderia Ferrari refused the conditions required for Velas to produce NFTs for its business. Ferrari’s suspension from its blockchain partnership has caused losses of approximately $55 million.
CoinGape’s first article, Ferrari Joins Growing Companies That Form Ties With Crypto, appeared first on CoinGape.

 

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