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BlockNews
Home BUSINESS

Conor Daly Races into History with Polkadot’s Blockchain Vote Sponsorship

Michael Juanico by Michael Juanico
April 9, 2024
in BUSINESS, CRYPTO
Reading Time: 3 mins read
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  • The Polkadot community has selected IndyCar racer Conor Daly as their brand ambassador for the Indianapolis 500 through a blockchain-based voting system
  • This marks the first time in sports history that a major athlete’s sponsorship was decided through a community vote on the blockchain
  • Daly will represent Polkadot in a year-long collaboration that includes community events and digital campaigns to promote the benefits of blockchain technology

The Polkadot community has chosen IndyCar racer Conor Daly as their brand ambassador for the prestigious Indianapolis 500. This partnership marks the first time in sports history that a major athlete’s sponsorship was decided through a blockchain-based community vote.

JUST IN: Racer @ConorDaly22 has been chosen as the brand ambassador for Polkadot $DOT at the Indianapolis 500 pic.twitter.com/POU7GHi6Jo

— BlockNews.com (@blocknewsdotcom) April 9, 2024

Conor Daly Selected as Ambassador

Conor Daly, a prominent figure in American professional racing, received overwhelming support from the Polkadot community, with a 95.8% approval rating for his sponsorship. Daly’s diverse career and achievements on and off the track make him an ideal representative for Polkadot’s vision of a more open and decentralized web.

Details of the Partnership

The sponsorship goes beyond just supporting Daly’s racing endeavors, aiming to spotlight Polkadot’s pioneering technology. Founded by Ethereum co-founder Gavin Wood, Polkadot seeks to establish a decentralized web3 ecosystem. The partnership initiates a year-long collaboration including community events and campaigns to promote blockchain technology’s benefits.

Daly’s Thoughts on the Partnership

Daly expressed excitement and honor in representing a community-driven brand like Polkadot. He emphasized the importance of bringing power back to the people. Daly added that he is thrilled to be racing for a community actively shaping the web’s future, rather than just a brand.

The Selection Process

The innovative sponsorship selection process departed from opaque negotiations to a transparent, community-driven approach. Polkadot community member Chris Wade noted the significance of using blockchain technology to democratize the process.

Conclusion

As Polkadot aims to challenge digital and physical interaction norms, the partnership with Daly shows their commitment to innovation, technology, and community-centric governance. It also stands as a model for future collaborations across industries.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchainConor DalyGavin WoodIndyCarPolkadot
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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