#SUI, the L1 built on SUI Move have just announced a partnership with Red Bull Racing, a Formula One racing team racing under Australian licence and base in the United Kingdom
This is a multi year partnership that will help connect fans to #Web3. In addition, both projects will work together to build an immersive digital game for worldwide fans over the coming months
"This exciting partnership leverages Suiโs industry-leading technology and demonstrates how web3 enables human connections" - Dr. Greg Siourounis, Managing Director of theย Suiย Foundation
Mysten Labs, the company behind #SuiNetwork, raised $336M on seed and private funding rounds all through last year from investors such as #Binance and Jump Crypto. Their goal was to build a L1 blockchain that solves the blockchain trilemma - decentralization, security, and scalability
#SUI has a large and vibrant community and they will be very excited about this new partnership with Red Bull Racing
It is worth noting though, that the SUI community have been left a little disappointed when the SUI Foundation decided not to #airdrop any $SUI tokens to community members upon mainnet launch
At the time of writing, price of $SUI is $0.96. The current #MarketCap is $509M
It remains to be seen how market reacts to this news. We will share more updates as soon as they arrive, so be sure to follow!
