The three-year deal, the sponsorship deal, will run from 2022 to 2024 and will feature Cryptodata Tech, which develops blockchain-based cybersecurity solutions for a variety of clients, as the title sponsor of the Austrian Grand Prix.,
Dorna Sports, the commercial rights holder of MotoGP, has sealed a multi-year sports partnership with Romanian crypto company Cryptodata Tech, firms announced on Monday.
According to the companies, Cryptodata will be the title sponsor of the Austrian Grand Prix MotoGP in the next three racing seasons from 2022 to 2024. The blockchain security firm will also take top billing at the upcoming Red Bull Ring-Spielberg Grand Prix, according to the details in the press release.
The partnership will also see the Red Bull Ring – Spielberg Grand Prix renamed Cryptodata Motorrad Grand Prix von Osterreich.
,We are pleased to announce Cryptodata as the title sponsor of the Austrian Grand Prix for the next three editions. MotoGP is based on innovation and invention, making it the perfect partnership. Signing the three-event deal with Cryptodata is fantastic and we look forward to seeing them take top billing to the Red Bull ring; One of the most spectacular backgrounds on the calendar,Manel Arroyo, chief commercial officer of Dorna Sports, said.
In a commentary, Cryptodata Tech co-founder and CEO Ovidiu Toma said that the collaboration will help show how blockchain technology initiatives can benefit the environment and the wider community, including those on and off track.
He added that this partnership will provide a great experience for all.
The 2022 Cryptodata Motorrad Grand Prix von Osterreich will take place from 19-21 August.