The Crypto Bubble Has Exposed The Dark Side Of F1 Sponsorship
- Posted by vlad3 on Nov 16, 2022
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F1 Sponsors are often controversial, but this year 8 teams are sponsored by Crypto firms. FTX, the Mercedes sponsor has gone bankrupt in the last week and with the crypto market in freefall the rest of these organisations could be at risk as well.
Sources:
https://www.racefans.net/2021/08/24/is-cryptocurrency-sponsorship-too-dirty-for-the-greener-image-f1-wants-to-cultivate/
https://tobaccotactics.org/wiki/motorsport-sponsorship/#formula-one
https://corp.formula1.com/formula-1-continues-push-to-hit-net-zero-carbon-by-2030-target/
https://www.redbullracing.com/int-en/new-currency
https://coinmarketcap.com/currencies/futurocoin/
https://racingnews365.com/how-crypto-has-become-f1s-latest-sponsorship-addiction
https://boardroom.tv/f1-crypto-sponsors-2022/
https://twitter.com/FormulaNetflix/status/1590509126140190720?s=20&t=y0IFGsF271-RxCykTfl0rQ
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