Sui Blockchain companions with System One’s Oracle Pink Bull Racing group

• The deal will see Sui roll out a sequence of digital experiences for racing followers.
• At press time, the SUI token was buying and selling at $0.9587, down 1.07%.
• Oracle Pink Bull Racing has made a number of crypto partnerships lately together with with Bybit.

Sui Blockchain, whose mainnet was launched firstly of Might 2023 has immediately sealed a multiyear partnership cope with System One’s Oracle Pink Bull Racing group. The deal makes Sui the blockchain companion of the Oracle Pink Bull Racing group.

Sui’s mother or father firm Mysten Labs is a famend firm because it is among the two spin-offs of Meta Platform’s Diem undertaking. Mysten’s sister firm is Aptos Labs which is known for the Aptos (APT) cryptocurrency.

When the Sui Community mainnet was launched, main cryptocurrency change UPbit introduced it was itemizing two SUI pairs: BTC/SUI and KRW/SUI.

SUI worth response

Right now’s partnership announcement is predicted to carry some life into the value of the SUI token, which has been on the decline since hitting its all-time excessive of  $1.72 on Might 03, 2023, which was instantly after the mainnet launch.

The token has misplaced 78.75% worth prior to now month.

Pink Bull’s foray into the crypto business

This isn’t the primary crypto deal that Pink Bull is signing. Final yr, the System One racing group signed a $150 million cope with Bybit, a derivatives cryptocurrency change that lately expanded into crypto lending.

Nevertheless, commenting on the cope with Sui blockchain, the Oracle Pink Bull Racing Workforce Principal and CEO Christian Horner mentioned:

“Oracle Pink Bull Racing was an early adopter of Blockchain know-how in System 1. Partnering with Sui will elevate that have, making entry simpler, safer and interesting.”

The Pink Bull Workforce mentioned that Sui Blockchain might be releasing a sequence of digital experiences for racing followers over the approaching months.