The company behind four major Washington DC-based professional sports teams has announced that FTX US will be their official crypto and non-fungible token exchange partner.
In an announcement Monday, Monumental Sports and Entertainment, or MSE, saying FTX US would be the official crypto partner for the Washington Capitals hockey team, the Washington Wizards men's basketball team, the Washington Mystics women's basketball team, and the Capital City Go-Go basketball team as part of a multi-year agreement. According to MSE, FTX US's NFT platform will have exclusive rights to future token drops by all four teams and the exchange will be a partner for a featured series in the game, dubbed the "Big Block-Chain."
"The integration of blockchain technology with the sports experience has only just begun, and together we will move towards an entirely new frontier, which will ignite fans beyond what they can imagine today," said Jim Van Stone, president of business at MSE. operations and the commercial director of the company.
The announcement is the latest partnership between FTX US and major US sports franchises. In March, the operator of the cryptocurrency exchange, FTX, reached a $ 135 million settlement to secure the naming rights for the local Miami Heat stadium, which will be called FTX Arena until at least 2040. The signing has also been a Official Sponsor of Major League Baseball since June and partnered with the University of Kentucky to allow your Wildcats men's basketball team to act as brand ambassadors.
Related: Jack in the Box claims in court that FTX US scammed his character into creating 'Moon Man'
One of the largest cryptocurrency exchanges in the world, FTX had a valuation of more than $ 25 billion after a $ 420 million funding round in October. The company launched its NFT market for US customers in September.
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