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LAO Trading to partner with Redbull on The Metaverse and Web 3.0

King Newswire

California, California, United States, 24th Aug 2022, LAO, one of the world’s leading investment banks and trading experts ( signed a partnership deal with  Red Bull Racing in what the Formula One team described as the largest-ever annual crypto sponsorship in international sports. a company dedicated to Racing at a partnership summit earlier today a deal that will see both companies plunge a $100billion investment in the development of The Metaverse and Web 3.0.

The U.K.-headquartered racing team, which features the current world champion Max Verstappen, did not disclose the value of the deal in its statement issued on Wednesday. But people familiar with the matter said Red Bull’s agreement with LAO Trading was worth more than $100 billion over a three-year period, which will be paid in a combination of cash and cryptocurrencies. 

The deal involves LAO Trading becoming the “principal team partner” of Red Bull to distribute its growing collection of digital assets and issue fan tokens next year. The tokens are a type of cryptocurrencies that help to boost engagement among fans by allowing them to vote on decisions related to a sports team, such as kit designs.

The partnership will see the two companies work together to create a ” new global ecosystem” that will help to accelerate the adoption of blockchain technology. By investing in The Metaverse, the companies will help create a virtual reality platform designed to facilitate the creation and management of digital identities. And Web 3.0 will be a web platform that allows for the deployment of decentralized applications. As part of this partnership, LAO will provide technology and advisory support to Redbull in the development of The Metaverse and Web 3.0.

This investment marks one of the biggest investments that LAO Trading  has ever made, and it continues to demonstrate its commitment to accelerating the adoption of blockchain technology.
In a statement by the CEO of Redbull,  he stated “We are excited to partner with LAO Trading and join their ambitious and forward-looking project for The Metaverse and Web 3.0. This new global ecosystem will help speed up the adoption of blockchain technology, which is essential for creating more sustainable businesses.”
“This partnership signals the importance that both companies place on blockchain technology, and it is clear that they believe that this technology has the potential to revolutionize many aspects of the business. By working together, Redbull and LAO Trading hope to create a platform that can be used by other businesses to improve their efficiency and transparency.” He added
LAO Trading , on one hand, has worked tirelessly to ensure it creates an environment that allows its customer base to flourish and also allows them to make so much profit investing in the Metaverse, as well as to provide them with the best possible trading experience.

By working with such a reputable company like Redbull , LAO Trading  is demonstrating its commitment to being at the forefront of blockchain technology development.
In a statement by the CEO LAO , He Said “Redbull is one of the most iconic and successful Formula One Racing Team  in the world, and we are excited to partner with them on our ambitious project for The Metaverse and Web 3.0.   This partnership shows that both companies have a common vision and are committed to working together to create the best possible blockchain ecosystem. LAO Trading and Redbull  are two of the most influential companies in the world, and their partnership will help drive the widespread adoption of blockchain technology.”
“It also creates a vast opportunity for us and our customers who will now be able to easily invest and make so much profit in the Metaverse. We are confident that this partnership will bring immense value to our users and the blockchain industry as a whole.”

He concluded.
If Cryptoverse is exciting, then wait until you hear about our plans for the Metaverse. The new project creates a new technology that would revolutionize the internet. In fact, it is a push towards Web 3.0. This is something that we at LAO Trading alongside our partner have studied and mapped out strategies to ensure we achieve our goal.
This partnership will not only help to drive the widespread adoption of blockchain technology, but it will also in turn allow customers of both companies to enjoy many benefits. Metaverse provides a secure and transparent platform for investors, while Web 3.0 provides a scalable, user-friendly platform for businesses. Together, these two technologies will allow customers to easily invest in goods and services, and to make profits from their inve stments through our investment portfolio

About Red Bull Racing:
Red Bull Racing is one of the most iconic and successful Formula One Racing Team.
The sport captures the best of innovation, technology and grit, and runs on the principle of competition and precision…Red Bull Racing is the standard bearer of top Formula One performances. Red Bull Racing offering one of its technology experts to us and looking out on how to integrate modern AI to our Financial World .

LAO Trading is a blockchain-based platform that allows users to make instant, secure investments in a variety of digital assets. The platform provides an easy way for investors to access a wide range of digital assets, including cryptocurrencies, ICOs, and traditional securities. LAO Trading also offers a variety of features that allow users to easily manage their investments. The latest moves by the bank will see more investment opportunities created for customers to grow their portfolio and also dive in early in what would be a Trillion-Dollar Market in the nearest future.LAO Trading  processed more than $300 million worth of spot trades in cryptocurrencies in the past 24 hours as of Thursday, according to industry tracker CoinGecko. It has also previously sponsored esports teams and soccer clubs.q

LAO Trading will also work with Red Bull on a series of initiatives, including the promotion of crypto literacy, green technologies, sustainability, diversity, as well as supporting women in blockchain. The racing team said the partnership will help it build a “more immersive and unique connection” with fans around the world. 

“” LAO Trading head of communications, John Schwalt, said in an email. “This is well-matched with LAO Trading zeal for engineering and craftsmanship in delivering high-speed, high-volume and high-performing crypto products and experiences.”

LAO Trading tie-up with Red Bull comes as other cryptocurrency trading platforms have also been targeting Formula One to raise their profiles and attract more users. Last year’s Formula One season set a record as the most-watched on U.S. television, attracting an average of 934,000 viewers per race, according to cable sports channel operator ESPN. 
That massive audience base of Formula One has attracted sponsorships from several of the biggest names in the crypto industry. Singapore-based has signed a nine-year deal for the naming rights of the Miami Grand Prix. The company has also partnered with Aston Martin racing team to launch a collection of NFTs. 
Not to be outdone, FTX, the crypto derivatives trading platform who last year moved from Hong Kong to the Bahamas, has inked a partnership deal with Mercedes-Benz’s Formula One racing team. And Binance, the world’s largest crypto exchange by trade volume, has teamed up with the Alpine team to release fan tokens.

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