The title of “Best NFT Marketplace” is now proudly held by renowned cryptocurrency exchange Bybit.
At the Middle East Blockchain Awards in Abu Dhabi, the prize went to the third-most popular cryptocurrency exchange in the world.
At a ceremony in Abu Dhabi on November 18, the winner was declared.
Bybit was chosen as the winner among a strong field of competitors after being evaluated on criteria like popularity, cost, and development.
Arabian Business organizes the Middle East Blockchain Awards, which aim to recognize the top pioneers, entrepreneurs, and service providers in the blockchain sector.
Making history, Bybit
The award-winning success of Bybit was just the beginning of a historic week in Abu Dhabi.
The Formula One season finale was held in Abu Dhabi at the same time, and Bybit, together with partners Oracle Red Bull Racing and Chiru Labs, took center stage.
A blue chip NFT inspired by Azuki was adorning each of the Oracle Red Bull Racing cars for the first time.
Lei the Lightning Azuki, a member of the anime-inspired Azuki line, served as the NFT artwork and was shown on the vehicles alongside the Bybit logo.
This was a first in Formula One history and demonstrated Web3’s expanding influence in the top motor racing league in the world.
One of the 10,000 NFTs in the collection, which is now available on Opensea, is the original Lei Azuki NFT.
Lei the Lightning Azuki appeared on the vehicles driven by Bybit and Red Bull Racing with the Bybit emblem.
After the exchange became the main team partner for Red Bull Racing in February 2022, this is a huge step forward for Bybit and Web3.
Additionally, Max Verstappen won the drivers’ title for the second time in a row while Red Bull Racing dominated the F1 season and won the constructors’ championship.
Limited edition NFTs of Lei the Lightning Azuki from Red Bull Racing will be produced on the Tezos blockchain and sold on Bybit’s NFT marketplace.
Christian Horner, the team leader of Red Bulls Racing, recently emphasized the expanding link between Formula One and Web3.
“In many ways, it’s opened our eyes to the huge prospects Web3 has to offer,” he said. This one-of-a-kind creation is the ideal fusion of imagination, ingenuity, and enthusiasm, which is consistent with our trackside ethos.
The rise of Web3 and NFTs in the athletic world is highlighted by Bybit’s success in the Formula One.