News & Insights

SQN drives multi-year partnership between the Algorand Foundation and Envision Virgin Racing

SQN drives multi-year partnership between the Algorand Foundation and Envision Virgin Racing

We are proud to have helped to bring about an exciting new multi-year partnership between the Algorand Foundation and Envision Virgin Racing, which has been announced today.   

As the Algorand Foundation becomes the team’s Platinum Partner ahead of Season 8 of the FIA Formula E World Championship, SQN played an instrumental role in envisaging the exciting new partnership, as well as supporting both parties throughout the process.

Like Envision Virgin Racing, the Algorand Foundation has a commitment to a sustainable future built on cutting-edge innovation and high-performance.

Sean Lee, Chief Executive of the Algorand Foundation, commented: “The Algorand blockchain has been built from the outset to have the smallest possible carbon and energy footprint and to provide a uniquely sustainable blockchain platform for innovators around the world who want to create technology that has sustainability at its core. We look forward to supporting each other in our missions to show that sustainable,climate friendly innovation is the optimal approach to creating our future technology and economies.”

Claire Ritchie-Tomkins, CEO of SQN, added: “We are delighted to see this exciting new partnership between the Algorand Foundation and Envision Virgin Racing come to fruition, and proud to have played a role in bringing these two like-minded organisations together. Sustainability and green credentials are at the heart of this partnership, so it’s fitting that the announcement is made on the eve of COP26. We look forward to supporting the Algorand Foundation as it embarks on what we are sure will be a mutually beneficial relationship between them and Envision Virgin Racing.”