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"Ferrari cuts ties with Velas Blockchain and Snapdragon in $55 million blow"

9 Jan 2023 1 minute read 0 comments Fabrynar.

Ferrari has ended its partnerships with crypto sponsors Velas Blockchain and chip-maker Snapdragon, incurring a cumulative loss of $55 million. The partnership with Velas, worth $30 million per year, aimed to increase fan engagement through non-fungi...