Oracle Red Bull, Bybit and Chiru Labs launched NFT collection

The three renowned companies are making history by combining creativity, art and web3 in Formula 1 with the benefits of non-fungible tokens.

This is the first time in history that an NFT blue chip has appeared in the design of a Formula One race car. Oracle Red Bull Racing, the team’s exchange partner (Bybit) and the creator of Azuki (Chiru Labs) have worked together to make it a reality.

Through this collaboration, a limited edition NFT collection has been developed, based on the Azuki NFT blue chip #8494, which bears the name“Lei the Lightning Azuki“. Also, one of the main objectives has been to decorate the F1 cars of Max Verstappen and Sergio Perez with the Azuki NFT for the season finale in Abu Dhabi.

Each of the companies that are part of the alliance occupies a transcendent role. Chiru Labs is a company that specializes in the creation of decentralized brands at the intersection between art, culture and technology, where we can mention Azuki as one of its main creations. This collection was coined on the Tezos blockchain (XTZ), which is characterized by being open source and one of the most relevant in energy saving. Then, this collection is obtained through the NFT marketplace of the Bybit exchange.

In order to commemorate the teams’ record-breaking season, in addition to the event, fans have the opportunity to purchase a limited edition NFT of Lei the Lightning Azuki. The total amount of non-fungible tokens in the collection is #8494. At the time of writing, the collection is sold out after all NFTs were claimed for free on the Bybit exchange.

To specify the characteristics of Azuki #8494 is a human avatar that has blue spiky hair, lightning eyes and a dark background. He also carries a flashlight and a toothpick in his mouth. Lei is an Azuki, creation of Chiru labs. This character represents the transcendence of two worlds, the real and the virtual.

Oracle Red Bull Racing team principal and CEO Christian Horner said that the nature of the sport of F1 is that they are always pushing the boundaries, and being the first to put an NFT blue chip in an F1 car is a great feat. He also noted the collaboration with Bybit and Azuki, which has helped them explore the Web 3.0 field.

Bybit co-founder and CEO Ben Zhou expressed that the collection is a unique work of art, being a very eye-catching character and a key piece for the connection between racing, crypto assets and NFT.

On the other hand, Azuki’s creator, Zagabond stated that they are pleased to communicate this partnership with Oracle Red Bull Racing and Bybit. The Lei the Lightning Azuki character reflects the precision, passion and power of this F1 team.

This is not the first time that Red Bull Racing is involved in the Web 3.0 field. It has already shown its support for innovative projects in the past. In May this year, Oracle Red Bull Racing, Bybit and Tezos launched an NFT collection and presented it at the Monaco Grand Prix.

Written by Luciano Garriga (TW:@luchogarriga) for NFT Express