From January 1, the Sauber Formula 1 team will have a new name: Stake F1 Team. What does this news have to do with cryptography? Stake is a cryptographic platform that, among other things, allows betting on sporting events.
The new title sponsorship agreement is an important milestone in the collaboration between Stake and the Formula 1 team. Stake was already a partner of the team in 2023, but with the title sponsorship the collaboration becomes even closer and more intense.
Exciting ride with Stake
“We are pleased to expand our partnership with Stake through title sponsorship,” said team representative Alessandro Alunni Bravi. “Stake is an innovative and progressive company that fits perfectly with our own values. We are confident that this partnership will help us improve our performance on track and increase our brand recognition.”
Stake founder Edward Craven added: “Driven by a deep passion for speed, innovation and pushing boundaries, we are now ideally positioned to take the team to unprecedented heights from 2024.” of breathtaking activities that will redefine excitement on and off the track. So brace yourself and hold on tight as the Stake F1 team heads into an exciting future!
What is Stake.com?
Stake.com is an online casino and sports betting platform founded in 2017 with an emphasis on using cryptocurrencies instead of regular money. This is not their first sports sponsorship, they are mainly active in football such as the UFC.
Both Watford and Everton have Stake on the front of their shirts, allowing them to advertise in two different leagues in England. Stake sponsors not only the UFC, but also individual fighters in the sport, such as José Aldo and Alexa Grosso. They also already have a connection with motorsport, namely as personal sponsors of Pietro and Enzo Fitipaldi.
Stake.com’s services are blocked in the Netherlands.
Source: BTCDirect
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
