
NBA Lands First Cryptocurrency Sponsorship With Coinbase
NBA agreed to a sponsorship deal with Coinbase, who will get WNBA, NBA G League, and USA Basketball branding.NBA has agreed to a sponsorship deal with cryptocurrency exchange Coinbase, which will become the league's exclusive crypto partner.Coinbase will get WNBA, NBA G League, and USA Basketball branding, but the deal's terms were not provided.Bitcoin will most likely be sidelined given Coinbase's priorities with marketing and "crypto."The National Basketball Association has agreed to a sponsorship deal with Bitcoin and cryptocurrency exchange Coinbase ahead of its 75th anniversary, CNBC....
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Sponsorship deals have become part of the measures that crypto-related companies employ in widening the knowledge and acceptance of cryptocurrency, one of the recent deals in the Australian Football League (AFL) and Crypto.com. Most of these sponsorships have been on sporting teams, with more football and basketball. This deal comes as the number 1 primary crypto sports sponsorship for AFL as this deal with Crypto.com will be backing its women’s league (AFLW). The sponsorship deal, about $25 million, is expected to last for five years. It depicts an increase from the current $18.5....