Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $24,041.00-1.12% 24H
    BITCOIN
    24H : -1.12%
    Volume : $27,011,282,463.00
    Marketcap : $459,658,814,936.00
  • ethereumEthereum(ETH)
    $1,895.40-0.75% 24H
    ETHEREUM
    24H : -0.75%
    Volume : $15,126,250,327.00
    Marketcap : $227,448,882,377.00
  • binancecoinBNB(BNB)
    $317.10-0.39% 24H
    BNB
    24H : -0.39%
    Volume : $155,241,420.00
    Marketcap : $51,777,367,861.00
  • cardanoCardano(ADA)
    $0.5671.14% 24H
    CARDANO
    24H : 1.14%
    Volume : $664,110,823.00
    Marketcap : $19,153,395,573.00
  • rippleXRP(XRP)
    $0.3771.09% 24H
    XRP
    24H : 1.09%
    Volume : $1,040,128,629.00
    Marketcap : $18,518,005,479.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.000071-5.36% 24H
    TERRA LUNA CLASSIC
    24H : -5.36%
    Volume : $134,961,670.00
    Marketcap : $768,841,921.00
Coinscreed
No Result
View All Result
Home News

FTX to pay $10 million to the NBA’s Golden State Warriors for Rights Sponsorship

Ifeanyi Jesse by Ifeanyi Jesse
8 months ago
in News
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
The Golden State Warriors have agreed to a $10 million foreign rights partnership with cryptocurrency exchange FTX, as the cryptocurrency exchange grows its presence in sports
FTX to pay $10 million to the NBA's Golden State Warriors for Rights Sponsorship
FTX to pay $10 million to the NBA’s Golden State Warriors for Rights Sponsorship

FTX’s Presence in Sport Increases 

FTX is growing its presence in sports by signing a multi-million dollar international rights sponsorship deal with the Golden State Warriors, one of the most well-known teams in the NBA (NBA).

While the terms of the transaction have not been revealed, insiders close to the situation told CNBC that the multi-year pact between the Warriors and the cryptocurrency exchange is worth more than $10 million.

SuggestedArticles

Binance Employee's LinkedIn Profiles Hoax

Binance Employee’s LinkedIn Profiles Hoax

24 mins ago
Traders FOMO As ETH price rejects at $2,000.

Traders FOMO As ETH price rejects at $2,000.

31 mins ago

According to CoinGecko, FTX.com is the industry’s fifth-largest crypto exchange, with more than $3.1 billion in trading volume in the last 24 hours.

The Warriors’ G League squad and the NBA 2K esports team will allegedly receive brand space as part of the arrangement, as well as in-arena signage at Chase Center, the San Francisco-based team’s home stadium.

During Warriors’ Regional Sports Network (RSN) games, the crypto trading platform will also have rights to the team’s non-fungible tokens (NFTs) and virtual floor inventory.

Golden State Warriors president Brandon Schneider told CNBC, “FTX is a startup that attracted our eye a few months ago.” “We believe we’ve arrived at the start of the beginning.” We’re all still learning, and this area will continue to change.”

In addition, the NBA team and FTX each donated one Bitcoin to local nonprofits Self-eSTEM, Mission Bit, and Techbridge Girls, all of which focus on educational equity.

FTX is betting heavily on sports marketing

This isn’t the first time the cryptocurrency exchange has spent a lot of money to promote its brand through sports.

The Miami Heat, another NBA team, struck a $135 million deal with the exchange in April, renaming their home arena FTX Arena for the next 19 years.

In June, FTX paid $210 million for the 10-year name rights to TSM, an American esports professional club, followed by a $17.5 million transaction with the Cal Berkeley football team in August, which saw the exchange obtain naming rights to Cal Memorial Stadium.

The MLB, America’s leading baseball league, also signed a five-year arrangement with FTX earlier this year, which includes an FTX patch on umpire uniforms and promotion rights across multiple MLB-affiliated outlets, from physical games to social media.

Other big cryptocurrency exchanges are also looking into new marketing potential in the sports business.

Singapore-based Crypto.com purchased the naming rights to the Staples Center, home of the NHL’s Los Angeles Kings, the NBA’s Los Angeles Lakers, and Los Angeles Clippers, and the WNBA’s Los Angeles Sparks, for an astounding $700 million contract that will run for the next two decades.

Meanwhile, Coinbase, America’s largest cryptocurrency exchange, announced a multi-year relationship with the NBA in October, making it the NBA’s, WNBA’s, NBA G League, NBA 2K League, and USA Basketball’s exclusive cryptocurrency platform partner.

Tags: #FTX#NBA
GXGBET
Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version