Sui network becomes Red Bull Racing's official blockchain partner

The Sui blockchain has already won important partnerships a few weeks after its launch. For example, Red Bull's Formula One team has become a new partner of the network.

Blockchain network Sui announced June 1 a partnership with Formula One team Oracle Red Bull Racing. According to the press release, Mysten Labs, the software company behind the Layer 1 blockchain, and Red Bull Racing are pursuing a "multi-year partnership."

The goal is to take connecting with Formula One fans "to the next level." According to the announcement, fans can expect "immersive digital experiences" in the coming months.

"Oracle Red Bull Racing was an early adopter of blockchain technology in Formula One and recognized its potential to connect fans around the world to the team in a truly unique and progressive way," said Red Bull Racing team boss Christian Horner.

Partnering with Sui will enhance this experience and make access "easier, more secure and more engaging," Horner added. Sui is a Layer 1 blockchain that only launched in early May. It aims to process a large number of transactions at low rates.