Bybit and Oracle Red Bull Racing with Ignite Excitement Velocity Series 2.0: Unveiling Innovative Shareable, Data-Driven Art NFTs

DUBAIUnited Arab Emirates, April 10, 2024 /CNW/ -- Babiesone of the top three in the world crypto exchanges by volume and Oracle Red Bull Racing (ORBR), the Formula One™ World Champion, are excited to announce the much-anticipated return of their groundbreaking NFT collaboration – the Velocity Series 2.0.

Building on the phenomenal success of the series that started in 2023, Velocity Series 2.0 pushes the boundaries of digital art by introducing "Data Driven Art". A fusion of art and racing, the new series features unique digital art collections inspired by real-time data and the inspiring achievements of the iconic RB20 F1 car. Meanwhile, in a bold move by the industry, Bybit Web3 and Oracle Red Bull Racing are launching fractional NFTs with the DN-404 (Divisible NFT-404) protocol for the first time this year.

Reflecting the innovation of ORBR's iconic cars, the 2.0 Passes are set to elevate the experience to unprecedented heights. The Velocity Pass not only features an exciting new design, but also adds 1,000 passes to the Velocity Series collection, culminating in a total offering of 2,000 passes.

Series 2.0 pass sales information

Series 2.0 Pass sales begin April 12, 2023, 14:00 UTC, which offers a wide range of exclusive benefits. 900 tickets will be sold in this round:

• Access to 3 exclusive NFT artworks from world-class artists 2024

• Access to token-gated activation and series-related experiences.

• Take part in a real-life prize draw

Velocity Series 1.0: A huge commercial and cultural success

The 2023 Velocity Series proved to be a massive hit with fans and collectors all over the world, and its aftermarket performance is outstanding:

• Velocity Pass: highest secondary sale achieved on 9/1 ETHwhich increased considerably to 6 times its original selling price.

• "///", Snowfro: experienced a whopping 35x price increase, with the highest secondary sale at 5.99 ETH.

• "Trademark" author Jack Butcher: Witnessed a phenomenal 72x jump with the highest secondary sale at a whopping 4.99 ETH.

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On the other hand, the "Velocity Series" drops played a key role in expanding this collector base, sparking new interest and excitement in the world of digital collectibles. 92% of collectors of Erick Snowfron's /// collection were new to his work, highlighting the series' ability to appeal to audiences across traditional boundaries.

The above success highlights the significant value and appreciation for artistry and exclusivity provided by this unique collaboration between Bybit Web3 and ORBR. This also highlights the series' ability to bridge the gap between the prestigious world of Formula One™ and the growing NFT space, fostering a new generation of enthusiasts and collectors.

"We at Bybit are fueled by the energy of innovation, and together with Oracle Red Bull Racing, we're excited to release Velocity Series 2.0! This year's collaboration takes digital art to a new level with 'Data Driven Art' technology that blurs the lines between the racing space and the NFT space The Velocity Series 2.0 welcomes everyone – both existing fans and curious newcomers – to experience the power and possibilities of digital art produced by Bybit Web3,” said Ben ZhouFounder and CEO of Bybit.

"The Velocity Pass gives fans the opportunity to own a piece of the team's legacy, reimagined through the lenses of talented digital artists. After the fantastic response to our partnership with Bybit in 2023, we look forward to connecting with our passionate fan base in a new and exciting way once again," added Oliver HughesDirector of Marketing at Oracle Red Bull Racing.

"Building on the success of the first Velocity Pass, we're excited to push the boundaries of artistic expression even further. This series bridges the gap between artistic expression and the data-driven world of F1, offering new perspectives on the sport we love," remarked Federica of AOI.

"The DN-404 is proud to be the technical backbone of the Velocity Pass Series 2.0. Our new secure and cost-effective protocol ensures a seamless experience for fans who collect these incredible pieces of digital art," said Pop Punk of the DN-404.

For more information on Velocity Series 2.0 and to keep up with the latest happenings, visit https://www.bybit.com/en/promo/nft-events/velocity-pass-V2.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 redefines transparency decentralized creating a simpler, open and equal ecosystem for everyone. We are committed to welcoming builders, creators and collaborators in the blockchain space and we invite both crypto enthusiasts and curious, with a community of over a million wallet users, over 10 key ecosystem partners, and growing.

Bybit Web3 offers a comprehensive range of Web3 products designed to make using, exchanging, collecting and growing Web3 resources as open and simple as possible. Our wallets, marketplaces and platforms are all secure and our expertise defines Bybit as one of the top 3 in the world. crypto Exchange, trusted by 25 million users worldwide.

Join the revolution now and open the door to your Web3 future with Bybit.

More information about Bybit can be found at Bybit Web3.

About Bybit

Bybit is one of the top three in the world crypto exchanges by trading volume with 25 million users. Founded in 2018, it offers a professional platform where crypto investors and traders can find a very fast search engine, 24/7 customer service and multilingual community support. Bybit is a proud partner of Formula 1's reigning constructors and driver champions, the Oracle Red Bull Racing team.

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