Bybit, a Singapore-based crypto exchange, has teamed up with Oracle Red Bull Racing to launch the Bybit Performance Accelerator program. The joint e-sports initiative aims to enhance the performance of elite e-athletes competing in international tournaments.
What is the Bybit Performance Accelerator Program?
The Bybit Performance Accelerator program is designed to evaluate the physical and mental well-being of participants through structured exercise and to provide them with a competitive advantage over their rivals. The program is conducted by wellness experts with diverse specializations.
Christian Horner, Team Principal and CEO of Oracle Red Bull Racing, emphasizes the importance of mental wellness for all athletes, in addition to physical training. The Bybit Performance Accelerator aims to address this key aspect of training, resulting in significant performance improvements among drivers of the Oracle Red Bull Racing Esports team.
The team’s success in the 2022 F1 Esports Series, including several victories and a second-place finish in the Teams’ Championship, was attributed in part to the program.
Multi-Million Dollar Partnership
In February 2022, Red Bull Racing and Bybit announced a multi-million dollar partnership. The three-year agreement is reportedly worth $50 million annually and will be paid in a combination of fiat currency and BitDAO (BIT) tokens.
As part of the partnership, Bybit will serve as both a fan token issuer and a digital incubator for Red Bull Racing, leveraging its expertise as a cryptocurrency exchange to increase the team’s fan engagement.
Conclusion
The Bybit Performance Accelerator program is a testament to the increasing recognition of the importance of mental wellness in professional sports. Bybit’s partnership with Red Bull Racing, a leading Formula One team, is a significant milestone for the crypto exchange and a sign of the growing mainstream acceptance of cryptocurrencies. The initiative’s success in improving the performance of elite e-athletes is a testament to the efficacy of structured wellness programs in sports training.
