News

Fnatic and Crypto.com enter in a partnership worth $15 million till 2026

0
Fnatic and Crypto.com enter in a partnership worth $15 million till 2026.

Fnatic and Crypto.com enter in a partnership worth $15 million till 2026. Crypto.com, the cryptocurrency platform, has signed a five-year deal with London-based esports organization Fnatic worth $15 million. A 10-year contract between North American esports organization TSM and crypto exchange platform FTX, worth $210m, has demonstrated how esports and cryptocurrency are merging dramatically in the year 2021. Let’s know more about the Fnatic and Crypto.com partnership.

The London-based esports organization, Fnatic, announced today that it has entered into a multi-year partnership with the crypto exchange platform Crypto.com. Esports brand Fnatic is the latest to join the list of major brands to secure themselves a major sponsor worth millions of dollars. The team has partnered with crypto platform Crypto.com for an initial five-year deal worth $15 million. With this partnership, the British org will sponsor their jersey and offer a variety of cashless rewards including non-fungible tokens (NFTs).

Fnatic and Crypto.com enter in a partnership worth $15 million till 2026

Crypto platform is making its first entry into esports, as they’ve mostly specialized in sports in the past. At the moment, they’re involved with clubs and leagues such as Paris-Saint-Germain, the UFC, Formula 1, and the Italian football league Series-A.

Fnatic’s new partner has a cryptocurrency exchange where people can buy and sell multiple cryptocurrencies, an NFT marketplace, and a crypto credit service that lends cryptocurrencies to users. The crypto industry has been investing heavily in esports platforms in recent months, with Coinbase, By bit, and FTX partnering with companies in this industry.

Sam Mathews, Fnatic CEO said, “We’re looking forward to a long-term partnership between the world-leading names in esports and cryptocurrencies. Fnatic boasts one of the most engaged and supportive fan bases in the industry, and we’re delighted to be expanding our daily services through this landmark deal with Crypto.com. With cryptocurrency becoming a mainstream payment method, there’s never been a better time to make cryptocurrency decisions that are healthier, smarter, and future-proof.”

Read More- TSM signs largest naming rights deal worth $210 Million with FTX

RLCS 2021: Rocket League Championship Series 2021- Prize pool, Format, Schedule, and more details

Previous article

Galaxy Racer Esports benched Roxx, Owais, and Ultron for breach of contract and unprofessional conduct

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News