Tier 1 blockchain and smart contract platform Sui Network (SUI) has announced a multi-year partnership with Red Bull Racing, one of the most successful teams in Formula 1 history.
The partnership will make Sui Network the Official Blockchain Partner of Red Bull Racing, giving fans access to immersive digital experiences powered by web3 technology, according to their statement.
The announcement was made minutes before the official Twitter account of Sui Network and aroused great interest among the crypto community.
SUI was launched in May 2023 and was listed on several major cryptocurrency exchanges, including Binance, Coinbase, and OKX.
Sui Foundation Managing Director, Dr. According to Greg Siourounis, the partnership between Sui Network and Red Bull Racing will leverage Sui Network's technology and demonstrate how web3 enables human connections.
The official post also included the following statements:
“In the coming months, we will work together to create immersive digital experiences that fans around the world will enjoy. Continue to follow us!"
Volatility increased in SUI altcoin price after the news:
*Not investment advice.