AlphaTauri driver Pierre Gasly has teamed up with Fantom and Quantum Fintech Group for the 2021 Formula 1 season. Previously sponsored by Red Bull, Gasly is entering his fourth F1 season as AlphaTauris all-time top scorer after securing two podiums, including a first win at Monza in 2020. Gasly is expected to compete in the Emilia Romagna Grand Prix at the In 2021, Italy will travel from April 16 to 18.
Gasly said on Twitter: “I am delighted to be part of the Fantom Foundation adventure with the Quantum FinTech Group. Fantom is the world’s first smart contract platform ready for mass adoption, enabling instant transactions with almost no cost. “
Pierre Gasly announces sponsorship with Fantom.
Fantom Blockchain is a Layer 1 platform based on an aBFT consensus protocol called “Lachesis”. The Fantom Foundation website states that Fantom is ideal for both DeFi and real world applications because of its speed, low transaction costs and high throughput. In February Fantom achieved a return of over 1500% for its investors. Quantum Fintech is an Abu Dhabi-based crypto hedge fund run by Harry Yeh, a supporter of the Fantom Foundation, who personally led the sponsorship efforts.
“In 2017, I looked at technologies that could overcome the limitations of previous blockchain platforms, particularly scalability issues that would hinder wider adoption. I found in Fantom that there is a revolutionary aBFT consensus that is fully compatible with Ethereum, an ideal candidate for a blockchain platform that can scale and serve millions of users with almost instant and almost free transactions, ”says Stelian Balta from Hyperchain Capital, another early Fantom investor.
The list of investors supported and supported by Fantom appears to be growing. Most recently, Alameda Research invested $ 35 million in the project from Sam Bankman-Fried, followed by a $ 20 million investment from Block Tower Capital, led by Ari Paul.
Fantom’s technology was originally developed by Andre Cronje, founder of the popular DeFi projects YFI and K3per. In fact, some of the smart contract features have been migrated from K3per to Fantom, significantly reducing transaction costs.
In what is perhaps one of the fastest partnership campaigns in blockchain history, Fantom has announced partnerships with K3per, Cover, Cream, Frax, Sushiswap, Yearn, FTX, Solana, Serum, Curve and Graph Protocol over the past two months. Fantom claims to offer these projects seamless cross-chain ecosystem integration with increased throughput and transaction speeds.
The Gasly sponsorship is one of several “Crypto to Celebrity” collaborations in the past year. Just last week, Dapper Labs, the company behind NBA Top Shot’s popular digital collectibles platform, announced that it had closed a $ 305 million funding round involving Michael Jordan and Will Smith while Paris Hilton and Lindsey Lohan have become active participants in the NFT space.