{"id":104243,"date":"2025-02-25T11:40:17","date_gmt":"2025-02-25T11:40:17","guid":{"rendered":"https:\/\/www.globalbrandsmagazine.com\/?p=104243"},"modified":"2025-02-25T11:40:17","modified_gmt":"2025-02-25T11:40:17","slug":"how-crypto-firms-reclaim-sports-sponsorships","status":"publish","type":"post","link":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/how-crypto-firms-reclaim-sports-sponsorships\/","title":{"rendered":"Back in the Game: How Crypto Firms Are Reclaiming Sports Sponsorships"},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><b><i>Sponsorship deals command a pretty penny these days; sports sponsorships are in a revival, lest one forget the sway of politics.<\/i><\/b><\/li>\n<li aria-level=\"1\"><b><i><\/i><\/b><b><i>The crypto industry still keeps its cards close to its chest, considering its visibility comes with decent reputational and regulatory hindrances.<\/i><\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Back into the domain of <a href=\"https:\/\/www.globalbrandsmagazine.com\/how-sports-sponsorship-impacts-brand-image\/\" target=\"_blank\" rel=\"noopener\">sports sponsorship<\/a>, crypto is back in the headlines. Finding its way through muddy waters in the last couple of years filled with scandals and market turmoil, crypto companies are back again in the big leagues outside the coolers for increasing investor interest and strategic branding opportunities. The retrospective foray might not be unlike back in the &#8217;90s when crypto wanted to come back to sports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The way sponsorship conversations have changed since the FTX crash, with some leagues and teams being negatively impacted after the crash, presents a gradual return to the advertising scene starting in 2025. This situation gives brief glimpses of resurgent activity, thus coming roaring back. According to these observations, as expressed by marketing company Sport Quake, crypto companies have secured 22 sports contracts this year, compared to just 18 in the whole of 2024 for the same period, while these contracts also raise the average value of those contracts to 4.3 million when the state of the economy is recovering, meaning sponsors are willing to return to those contracts.<\/span><\/p>\n<h3><b>Impressive Collaborations and Wider Expansion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Among them, the major stablecoin entity is <a href=\"https:\/\/tether.to\/\" target=\"_blank\" rel=\"nofollow noopener\">Tether<\/a>, which has captured a 5 per cent tax in Juventus, the winningest football club in Italy. At the other end of the spectrum, cryptocurrency trading Gato.io has struck a branding alliance with Red Bull Racing from F1. Both partnerships hope to ride the global competition while enjoying the major benefits of the most massive charter houses in sports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another landmark arrangement incorporated into the entire Coinbase deal with the Aston Martin Aramco F1 Team, whose sponsorship is bolstered with stablecoins. Pays during this period include Argentina&#8217;s national football team sponsored by XBO.com. Such investments are aimed solely at their visibility branding at this stage and bringing such rights to the forefront in the dynamic field of digital finance.<\/span><\/p>\n<h3><b>A Political Element in Crypto&#8217;s Resurgence<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An element in the revival of crypto has to do with politics in America. The return of Donald Trump to the White House talks about digital currencies again. He is a well-known enemy of crypto outlaws. With his remarks, the Trump administration invalidated the market and sent Bitcoin to a new all-time high. By launching a meme coin into the digital economy, he has rekindled interest in crypto.<\/span><\/p>\n<h3><b>The personification of Challenge and Image<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Despite constant improvement, challenges still confront the industry. High-risk investments surrounding gambling\u20142 billion dollars\u2014subsidies that wouldn&#8217;t be accepted for sponsorship in team shirts are reputational liabilities the industry faces. Such things seem risky for fans; however, it is wise for sports organisations to conduct due diligence before entering any partnership with a crypto firm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not for nothing. In 2021, the Advertising Standards Authority in the UK condemned Arsenal Football Club for marketing &#8216;fan tokens&#8217; without sufficient disclosure of the risk factors involved in investing. This might be a strong statement on the loss that would occur were responsible marketing practices to be carried out in crypto.<\/span><\/p>\n<h3>Tomorrow&#8217;s Betting Tends to Combine Both Crypto and Sports Partnerships into One Platform.<\/h3>\n<p><span style=\"font-weight: 400;\">At the revival of the market, these happen to be among the most strategic moves taken by crypto betting platforms. Sportsbet.io becomes the prime partner of the Players Championship, two important tournaments in snooker, with the signing of Cloudbet with the Professional Fighters League, an MMA organization in the USA. It speaks of a trend in increasing the use of cryptocurrency in sports betting and entertainment.<\/span><\/p>\n<h3><b>Outlook: A New Era of Collaboration Between Crypto and Sport<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.globalbrandsmagazine.com\/future-of-financial-planning\/\" target=\"_blank\" rel=\"noopener\">Cryptocurrency<\/a> companies are firmly back on the sponsorship scene in sports. This landmark moment is for both industries. Future strategic collaborations will build a floor for standards in fan engagement and brand loyalty within the sports ecosystem as digital finance progresses. However, the prospective forward journey seems littered with regulatory scrutiny and reputation risks to maintain the terminologies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With sponsorship values rising and several reports of very profitable partnerships, crypto companies have established themselves within the influential area of sports marketing once again. With the industry catching up, it stands to create entirely new opportunities and face challenges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The employment of core strategies will bring out the benefits of strategic partnerships and sustainable marketing practices in the rejuvenation as well as the worldwide digitalisation of the world of finance and entertainment into which the crypto-ecosystem is going to lead.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sponsorship deals command a pretty penny these days; sports sponsorships are in a revival, lest one forget the sway of politics. The crypto industry still keeps its cards close to its chest, considering its visibility comes with decent reputational and regulatory hindrances. Back into the domain of sports sponsorship, crypto is back in the headlines. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":106991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","beyondwords_generate_audio":"","beyondwords_project_id":"","beyondwords_content_id":"","beyondwords_preview_token":"","beyondwords_player_content":"","beyondwords_player_style":"","beyondwords_language_code":"","beyondwords_language_id":"","beyondwords_title_voice_id":"","beyondwords_body_voice_id":"","beyondwords_summary_voice_id":"","beyondwords_error_message":"","beyondwords_disabled":"","beyondwords_delete_content":"","beyondwords_podcast_id":"","beyondwords_hash":"","publish_post_to_speechkit":"","speechkit_hash":"","speechkit_generate_audio":"","speechkit_project_id":"","speechkit_podcast_id":"","speechkit_error_message":"","speechkit_disabled":"","speechkit_access_key":"","speechkit_error":"","speechkit_info":"","speechkit_response":"","speechkit_retries":"","speechkit_status":"","speechkit_updated_at":"","_speechkit_link":"","_speechkit_text":""},"categories":[20212,27464,5],"tags":[24194,19973,27771],"class_list":["post-104243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports","category-brand-strategy","category-finance","tag-crypto","tag-cryptocurrency","tag-sports-sponsorship"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/posts\/104243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/comments?post=104243"}],"version-history":[{"count":0,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/posts\/104243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/media\/106991"}],"wp:attachment":[{"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/media?parent=104243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/categories?post=104243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalbrandsmagazine.com\/gbmstaging\/wp-json\/wp\/v2\/tags?post=104243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}