Red Bull has become t♊he first Formula 1 team to gain a sponsor from the world of cryptocurrency, announcing a deal with FuturoCoin ahead of the 2019 season.

Tওhe recent cryptocu🍷rrency boom saw a number of Formula E teams and drivers link up with companies, but Red Bull's announcement marks the first foray of an F1 team into the industry.

Red Bull announced a m🦄ulti-year agreement with FuturoCoin on Tuesday, with its branding set to appear on the team's RB15 car, team transporter a🔯nd driver overalls.

"In recent years, the rise of blockchain te🍎chnology and cryptocurrencies has been tr𝐆uly remarkable, and we’re delighted to be the first Formula 1 team to embrace this, through our partnership with FuturoCoin,” said Red Bull F1 team principal Christian Horner.

“Secure digi♋tal currencies are on the leading edge of technological development ♉and we are very excited to be part of this revolution."

Roman Ziemian, co-founder of FuturoCoin added: “Cryptocurrencies and Formula One are very similar and their values are much alike; speed, technology and being ahead of 🗹their time. I’m a huge fan of motorsport and F1 has always intrigued me.

"The sponsorship is an exciting new chapte🅺r for our company and will be a global ♔platform for us to drive awareness of FuturoCoin.”

Haas F1 driver Romain Grosjean recently announced a personal sponsorship deal with SoccerCoin, wit༒h its logo set to appear on his helmet through the 2019 season.