Bybit has made a significant announcement regarding the introduction of the Velocity Series, an imaginative blend of art, racing, and technology. This collaboration brings together Bybit, Oracle Red Bull Racing, and a remarkable group of digital artists to collaborate on crafting exclusive digital collectibles inspired by the telemetry and racing data from the dominant RB19 car in Formula 1.
The Velocity Series represents an unprecedented partnership between a Formula 1 team and esteemed digital artists, renowned for their exceptional talent and achievements. Notably, Dutch artist Rik Oostenbroek is part of this group, celebrated for his skill in creating dynamic shapes and abstract forms that span across various disciplines.
AOI, a forward-looking foundation dedicated to emerging art and technology, is overseeing the organization of the Velocity Series, which is divided into four distinct releases. Aligned with the Dutch, Japanese, US, and Abu Dhabi Grand Prix events during the 2023 Formula 1 season, the releases are subject to potential changes in their drop dates. Every release will feature different NFT collections, with limited-edition NFTs exclusively accessible to Velocity Pass holders and an open-edition sale available to the general public.
The Velocity Pass, an unprecedented initiative from a motorsport team, is a dynamic work of art that evolves throughout the season. Going beyond its status as a premium NFT, the pass grants art enthusiasts exclusive access to the captivating narrative of the ongoing Velocity Series, while also providing a range of valuable utilities.
During each Velocity Series release, pass holders have the opportunity to acquire the date-driven creations directly from the artists. Additionally, at every release, pass holders receive a complimentary open-edition NFT, adding further value to their collections. Beyond these benefits, pass holders gain exclusive access to experience Oracle Red Bull Racing events in person and have the chance to win rare prizes from both Oracle Red Bull Racing and Bybit.
Executives from Oracle Red Bull Racing and Bybit are enthusiastic and optimistic about the Velocity Series project. Caroline Buckland, the Head of Fan Engagement at Oracle Red Bull Racing, highlighted the exclusive charm of the limited edition NFTs and how they resonate with the team’s forward-looking achievements, stating, “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.”
Founded in 2018, Bybit has risen to prominence as the third most visited cryptocurrency exchange globally. Anndy Lian, Head of Partnerships at Bybit, shares the same enthusiasm and underlines the strategic significance of this collaboration, “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.”
Through this partnership, art enthusiasts, collectors, and racing fans alike can immerse themselves in this extraordinary fusion of art and racing data. By skillfully weaving high-octane racing data into digital artistry, these NFTs symbolize the extension of Formula 1 into the digital landscape, showcasing the increasing importance of Web3 in the world of motorsport.
