On February 10th, the cryptocurrency exchange Gate.io announced that it has become the official sponsor of Oracle Red Bull Racing in Formula 1. From the 2025 season, Gate.io brand identity will appear in several key positions of F1 Red Bull Racing, including the rear wing, nose, headrest, hubcap, chassis and team racing clothes, as well as the helmet of F1 four-time champion Max Verstappen. The two sides will work together to explore the innovative field of digital finance and motorsports integration. F1 Red Bull Team CEO Christian Horner said that the cooperation with Gate.io will bring a new experience to fans, while Gate.io founder and CEO Dr. Han Lin also pointed out that the two sides will jointly break through in technological innovation and promote the expansion of blockchain technology to a wider range of fields.