![]() ![]() As many as 8 out of 10 teams this year have a cryptocurrency sponsor. You know what else is a big sponsor in Formula 1 these days? Cryptocurrency. But even as recently as 2020, Formula 1 saw total annual revenue from tobacco companies tally up to $115 million. This is for the better, since we are all familiar with the dangers of tobacco use. ![]() In particular, it tells you what companies really need to brand themselves as “cool.” Because what’s cooler than having your name on a race car?įor a long time, the tobacco industry had the most sponsorships in Formula 1, but that trend is starting to fade. ![]() The kind of sponsors that end up on the cars say a lot about what matters to society at that moment. Sponsorships are an integral part of Formula 1. This bad boy can fit so many sponsors *slaps car* ![]()
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