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Bloomberg: Crypto companies spend over $2.4 billion in sports sponsorships

Bloomberg: Crypto companies spend over $2.4 billion in sports sponsorships

2022/8/8

Cryptocurrency companies have reportedly invested more than $2.4 billion in sponsorships in sports over the past 18 months, all to attract more users to their Web3 world. Binance has already signed contracts with football icon Cristiano Ronaldo and Africa Cup of Nations matches. Coinbase has struck a deal with top NBA star Kevin Durant. FTX has franchises with Major League Baseball, the NBA's Miami Heat, and esports team TSM. Even the drone race league is getting cryptocurrency funding.

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