Crypto.com’s $ 700 million sponsorship deal with Lakers is ‘maturing’ for industry, according to GlobalData

November 17, 2021 (Investorideas.com Newswire) Following today’s announcement (Wednesday November 17) that Crypto.com has assumed the title sponsorship of the iconic Staples Center in Los Angeles;

Conrad Wiacek, Head of Sports Analytics at GloblaData, a leading data and analytics company, offers his perspective:

“The rate and size of cryptocurrency partnerships in the sports industry is simply impressive. Crypto Firms Forge Significant Partnerships With Iconic Properties For Huge Fee, And Crypto.com’s $ 700 Million Agreement To Become The Title Sponsor Of One Of America’s Most Iconic Sports Arenas , along with partnerships with the LA Lakers and LA Kings, only reinforces the fact that crypto and blockchain companies will be the most important growth area for sports sponsorships over the next decade.

Crypto.com now joins FTX as title sponsor of the NBA – to complement its sponsorship of Formula 1 and UFC – while the NFL New England Patriots just announced a partnership with the token site of Socios fans, a first for the NFL.

With the legalization of sports betting across much of the United States adding another sector to the sponsorship landscape, cryptocurrency companies such as Crypto.com have moved quickly to secure iconic properties on long-term deals. “

For more information

To access our latest press releases: GlobalData Media Center

Analysts available for comments. Please contact the GlobalData press office:

EMEA & Americas: +44 (0) 207 832 4399
Asia-Pacific: +91 40 6616 6809
Email: [email protected]

About GlobalData

4,000 of the world’s largest companies, including over 70% of the FTSE 100 and 60% of the Fortune 100, make more timely and better business decisions through unique data, expert analysis and innovative solutions from GlobalData, all on one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative in a wide range of industries including healthcare, consumer, retail, finance, technology and professional services.

More information:

Disclaimer / Disclosure: Investorideas.com is a digital publisher of third party equity news, articles and research and creates original content including videos, interviews and articles. Original content created by Investorideas is protected by copyright laws other than syndication rights. Our site does not make any recommendations to buy or sell any stock, service or product. Nothing on our sites should be construed as an offer or a solicitation to buy or sell any products or securities. Any investment involves risks and possible losses. This site is currently paid for news publishing and distribution, social media and marketing, content creation and more. Disclosure is issued for every paid press release, content posted / created as necessary, but otherwise the news has not been paid and has been published for the sole benefit of our readers and subscribers. Contact the management and IR of each company directly for specific questions.

More information on the disclaimer: https://www.investorideas.com/About/Disclaimer.asp Learn more about posting your press release and our other news feed services press Investorideas.com https://www.investorideas.com/News-Upload / and tickertagstocknews.com

Global investors must adhere to the regulations of each country. Please read the Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Buy a crypto guest article on Investorideas.com