It has been reported by Jack Mallers, the CEO of Zap, that US racing driver Ed Carpenter will be in control of the “orange-spotted, Bitcoin-covered, engineering beast” scheduled to appear at the Indy 500 on May 30.
However, Carpenter, who became a Bitcoiner over the last year, reportedly forfeited all traditional sponsors in favor of driving the Bitcoin (BTC) car, #21 in the event.
“I don’t want to race for chips or beer this year. I’ve worked my entire life to race at the Indy 500 and have earned the platform that I have, and this year, I want to find a way to incorporate Bitcoin.”
The report said that Mallers and the racecar driver are continuing to raise donations from crypto enthusiasts and plan to use 70% of all proceeds to fund open-source Bitcoin development, with the remaining used to fund the Bitcoin car and for Indianapolis charities.
From 0 to 50k in 10 years. From 0 to 70 mph in 4 seconds. Welcome to Indianapolis 500, where you can cheer for a Bitcoin-branded racecar! https://t.co/lnKTJFSzdX — Cointelegraph (@Cointelegraph) May 12, 2021
Ross Stevens, the Executive Chair of New York Digital Investment Group (NYDIG), pitched in $250,000, with Mallers contributing $25,000 and his Strike payments and remittances app donating $100,000. Other notable contributors include Anthony ‘Pomp’ Pompliano, NFL star Russell Okung, and Peter McCormack, host of the What Bitcoin Did podcast.
Thus, Mallers said:
“This isn’t the Strike car, the Coinbase car, the Kraken car […] this is the Bitcoin car. In a world of potato chip and energy drinks sponsors, Ed chose to race for human freedom, financial literacy, financial inclusivity, savings technology, and Bitcoin open-source development.”