It's been almost a year since one of the biggest football brands has begun its cooperation with CashBet. We are talking about Arsenal Football Club of course - an English team which signed a sponsorship deal with CashBet Coin over a year ago. CashBet entered into a partnership with Arsenal for the latter to promote its initial coin offering at the 60,000-seat Emirates stadium. It all started in 2014 when Sacramento Kings began its collaboration with Bitcoin. This season Wolverhampton Wanderers accepted CoinDeal to sponsor them. We talk about huge money, millions of dollars. Sponsorship deals are one of the best-paid trades in the world and when it comes to sports, there is always an audience and where the audience is - there is money.
So recently a cryptocurrency called FuturoCoin signed a sponsorship deal with a Formula 1 team - Aston Martin Red Bull Team Racing to become a first cryptocurrency sponsoring F1.
"Another noteworthy initiative is the operation set up by Paris Saint-Germain in partnership with Socios, a Maltese company owned by ChiliZ. It claims to have raised 66 million dollars from financiers, including Binance."
For me it looks like sports clubs and cryptocurrencies are the perfect match, because of huge money and recognition. Cryptocurrencies are in a constant battle, struggling to fight for their "lives".
What do you think about the way it's going?