Formula One team Red Bull Racing will terminate a multi-year sponsorship deal with blockchain collectibles platform Tezos.
Red Bull tapped Tezos’ services in May 2021 to help create bespoke NFTs available on its blockchain platform.
Being the team’s official blockchain partner, the Tezos logo appeared on Red Bull’s cars.
Tezos is no longer included on Red Bull’s list of partners featured on the team’s website and its logo was absent during team’s recent show run.
The Formula One outfit has yet to comment on the current status of the deal.
Tezos also has a multi-year agreement with the McLaren Racing Formula One team.
Meanwhile, Red Bull would remain associated with the Web 3.0 sector with its multi-year partnership with cryptocurrency exchange firm Bybit, reportedly worth US$50 million per year.


Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report
JD Vance to Lead U.S. Presidential Delegation at Milano Cortina Winter Olympics Opening Ceremony
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Trump Urges Hall of Fame Induction for Roger Clemens Amid Renewed Debate
Trump Signs Executive Order Targeting Big-Money College Athlete Payouts
Trump Attends Super Bowl Amid Cheers, Boos, and Political Divide
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Trump's Transgender Sports Ban Faces Enforcement Challenges 



