Bybit, in collaboration with Oracle Red Bull Racing and a group of talented digital artists, has introduced the Velocity Series. This innovative project combines art, racing, and technology to create distinctive digital collectibles inspired by the telemetry and racing data from the dominating RB19 car in Formula 1. The Velocity Series is the first-ever collaboration between a Formula 1 team and renowned digital artists, showcasing their talent and success.
The Velocity Series and Its Releases
Under the curation of AOI, a foundation for emerging art and technology, the Velocity Series is divided into four releases. These releases coincide with the Dutch, Japanese, US, and Abu Dhabi Grand Prix taking place throughout the 2023 Formula 1 season, although specific drop dates may be subject to change. Each release features various NFT collections, including limited-edition NFT collections exclusively available to Velocity Pass holders, as well as an open-edition sale accessible to the public.
The Velocity Pass, a remarkable creation from a motorsport team, is a dynamic piece of art that evolves throughout the season. Apart from being a premium NFT, the pass offers art enthusiasts exclusive access to the ongoing narrative of the Velocity Series, offering a range of utilities.
At each Velocity Series release, pass holders have the opportunity to purchase date-driven creations from the artists. Furthermore, each release grants pass holders a complimentary open-edition NFT, enhancing the value of their collections. Additionally, pass holders can attend Oracle Red Bull Racing events and have a chance to win rare prizes from Oracle Red Bull Racing and Bybit.
Key Figures’ Enthusiasm and Optimism
Prominent figures from Oracle Red Bull Racing and Bybit have expressed their excitement and optimism about the Velocity Series. Caroline Buckland, the Head of Fan Engagement at Oracle Red Bull Racing, emphasized the allure of the limited-edition NFTs and their alignment with the team’s progressive performance. Buckland stated, “We are extremely excited about teaming up with Bybit and this group of hugely talented artists for the Velocity Series. The NFTs released as part of the series are limited editions and truly capture the essence of the Team’s prowess and progressive performance. Each collection is unique to the artists’ particular style, making them highly sought after by collectors and fans.”
Bybit, established in 2018, has quickly become the world’s third most visited cryptocurrency exchange. Anndy Lian, Head of Partnerships at Bybit, echoed the enthusiasm and highlighted the strategic value of the collaboration. Lian said, “As long-term and strategic partners, Bybit and Oracle Red Bull Racing are excited to launch the Velocity Series, which brings together the creative talents of some of the world’s best digital artists with cutting-edge technology, enabling us to leverage our respective strengths and further advance our position in the rapidly-evolving Web3 era.”
The Fusion of Art, Racing, and Technology
This collaboration allows art enthusiasts, collectors, and racing fans to engage with this unique blend of art and racing data. By intricately combining high-octane racing data with digital artistry, these NFTs symbolize Formula 1’s expansion into the digital realm and highlight the growing significance of Web3.
The Velocity Series represents a groundbreaking collaboration between Bybit, Oracle Red Bull Racing, and talented digital artists. This fusion of art, racing, and technology offers a new and exciting way for fans to interact with Formula 1 and collect digital art inspired by the sport. With its limited-edition NFTs and exclusive access to events, the Velocity Pass provides a unique and valuable experience for art enthusiasts and collectors. This project showcases the continued innovation and progression of Formula 1 in the digital age.