Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX

Share This Post

Manchester City fans will also have a chance to win season tickets in the OKX Hospitality Box via scanning QR codes on street art commissioned by the crypto exchange.

Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season.

Despite the current bear market, it appears that crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. At the same time, PSG has also launched preseason NFT tickets.

The OKX deal will put a fair amount of eyeballs on company branding, given that Manchester City won the EPL last season and is looking primed to make another tilt at the league this upcoming season after signing the Norwegian star striker Erling Haaland.

As part of the deal, OKX’s logo will feature on both the men’s and the women’s training gear until mid-2023, with current previews showing OKX’s name on the front of training shirts in the lower chest area.

Additionally, OKX stated that it had commissioned popular street artist “Akse P19” and the Global Street Art Agency to create four artworks across Manchester that include QR codes. These can be scanned by fans for a chance to win season tickets in the OKX Hospitality Box. The street art pieces depict players such as Haaland, Jack Grealish, João Cancelo, and John Stones.

The duo has held a partnership since March after OKX was signed on to become Manchester City’s Official Cryptocurrency Exchange Partner. They have also touted that more Web3-focused fan engagement experiences will be rolled out.

OKX was founded in 2017 and is based in the Republic of Seychelles. The firm claims to have more than 20 million customers across the globe from around 180 international markets. It supports trading on top assets such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Cardano (ADA).

Related: Manchester City to build Etihad Stadium in the metaverse

The most recent crypto deal that precedes Manchester City’s is Everton’s deal with Stake, which was announced on June 9. The multi-year agreement is said to be worth roughly $12 million a season, marking the club’s “highest front-of-shirt deal in the club’s 144-year history,” according to a statement from Everton. Stake also held a sponsorship deal with Watford F.C. last season, who will be plying their trade in the second tier of pro-English football after being relegated.

PSG jumps on NFTs

This week, French Ligue 1 champions Paris Saint-Germain F.C. (PSG) also announced a crypto-related move, with the team rolling out NFT tickets for its pre-season tour of Japan later this month.

To commemorate PSG’s first trip to Japan since 1995, the team is offering three premier NFT tickets that offer buyers VIP access to games, meet and greets, player autographs, and private parties with a select group of players who were not specified.

The NFTs are on sale until Wednesday, and to obtain all of those supposed benefits, the buyer will have to pay a hefty 180.36 ETH, worth around $207,000 at current prices.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone BTC could gain pace if it clears the $68,800 resistance zone Bitcoin started a fresh increase from the $65,200 zone The price is

Would Bitcoin Reclaim $70,000 Soon? Key Data Suggests New Investors Hold the Key

Bitcoin recent decline has led to a slight pushback in investor confidence and increased anticipation within the crypto community, with many now craving a rally back above $70,000 more than before

Shiba Inu Sees Positive Price Sentiment, Hinting At A Possible Price Rebound

Major digital assets like Shiba Inu have shifted into bearish territory lately following a downswing in the general crypto market within the week However, with several positive trends cited around

Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook

Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory While BTC is expected to hit $77,636 by the end of 2024, long-term

Bitcoin Loves McRib Says Top Trader Expecting a Big Boost for the BTC Price, This $0.05 Altcoin Will Follow

The post Bitcoin Loves McRib Says Top Trader Expecting a Big Boost for the BTC Price, This $005 Altcoin Will Follow appeared first on Coinpedia Fintech News Recently, a top trader made headlines with

Bitcoin Bill Clears Major Hurdle in Pennsylvania, Signaling Crypto Regulation Changes

The Pennsylvania House of Representatives has overwhelmingly passed a bipartisan bill that protects the rights of residents to self-custody bitcoin and use it as a payment method, while establishing