Italian Formula One team Scuderia Alpha Tauri has announced a partnership with smart contracts platform Fantom for the 2021 season.
A press statement Alpha Tauri notes that the partnership is part of popularising the Fantom platform with the firm’s logo set to appear on racing cars during the Monaco and Abu Dhabi Grands Prix. Furthermore, racing driver Pierre Gasly will continue as Fantom brand ambassador.
Alpha Tauri added that Fantom’s focus on reducing energy consumption in the blockchain ecosystem was a significant catalyst for the partnership. Fantom deploys a Proof-of-Stake system that doesn’t require massive amounts of energy to work, unlike competitors.