Editor’s note: This story was updated at 1:10 p.m. EST on Tuesday with comment from FTX.
schimb Cryptocurrency FTX withdrew from talks to sponsor a jersey patch with the MLB’s Los Angeles Angels, according to a New York Post report citing sources with direct knowledge of the negotiations.
A similar patch deal between the NBA’s Washington Wizards and another unnamed crypto firm fell through in recent days as well, with the latest market crash being the main reason, the sources said. But any potential deal with the Wizards is attractive for crypto companies, since politicians and regulators who oversee the industry attend their home games.
Într-o declarație către decripta, FTX confirmed that talks with the Angels happened, but took issue with the New York Post‘s characterization.
Un purtător de cuvânt a spus Decriptare: “Contrary to recent reports, this opportunity with the Angels was discussed months ago and we declined early on, as it wasn’t the right fit for our marketing goals. This is one of many similar opportunities from teams that we’ve declined early on in the process and this decision was not made as a result of the recent market downturn.”
FTX, which first entered the sports industry in April last year with a 19-year $135 million deal with the NBA’s Miami Heat to rename the team’s home venue to FTX Arena, semnat a sponsorship deal with the Wizards—as well as with the NHL’s Washington Capitals—in December.
Last year, the crypto derivatives exchange also partnered with Warriors star Stephen Curry, an avid Colector NFT and creator himself.
Some of FTX’s other sport partnerships include a five-year deal with the MLB, a $20 million ad campaign starring Tampa Bay Buccaneers quarterback Tom Brady and his supermodel wife Gisele Bündchen last October, and a Reclama Super Bowl featuring “Curb Your Enthusiasm” star Larry David.
Navigarea pe piața ursului
Last week’s massive crypto sell-off saw the price of Bitcoin briefly drop sub 18,000 USD, while the combined market cap of all digital assets tanked sub pragul de 1 trilion de dolari.
The leading cryptocurrency has been on an upward trend since Sunday though, and is currently trading at just over $21,000, up 1% over the past 24 hours.
While some crypto companies, such as Coinbase, Gemini, and Crypto.com, announced emergency concedieri de personal to navigate through the bear market, others, including FTX, Kraken, și Binance, said they had no plans to stop new hirings.
Still, it appears that cutting costs through different means may be a necessary move for many in the industry.
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Source: https://decrypt.co/103412/ftx-pulls-out-of-los-angeles-angels-mlb-deal-as-crypto-winter-bites-report