A face-saving sport on this exchange? – Crypto.com It is prescribed to a Long math projectWhile Cryptocurrency exchange However, it has shown signs of weakness in its finances.
Whether it’s freezing or snowing, Sports and Web 3 should go hand in hand. And Crypto.com is willing to pay millions of dollars to maintain and exploit this deal.
in communication On August 22, AEG revealed its 9-figure investment plans with Crypto.com. They are related Complete renovation from the symbolic Crypto.com Arena And from here Live Xbox Plaza In Los Angeles. As a reminder, AEG is the owner of Crypto.com Arena.
the original architects of the stadium, Dan Mays And the Ron Turner, will be at the helm of this project launched this summer. It will end in the fall of 2024.
Huge investments to highlight a coded brand
Two years wouldn’t be too much. Indeed, the ambitions of AEG, Crypto.com, and Extensive renovations The program is wonderful. For example, a balcony with a view of the city was redesigned. Sports fans will be allowed to eat, drink and socialize. Crypto.com’s first multi-level Tunnel Club Arena with reception area, etc. will also be constructed.
New infrastructure, new equipment, that will give a new lease of life to Crypto.com Arena and LIVE Xbox Plaza: the list of works is long.
And so Crypto.com proceeds to create a Expensive adventure which however seems far from its core business. Moreover, the timing is far from ideal for this type of project, which has a significant impact on Really painful financial to speak Alcohol market. The company even had to part with some of its employees because of… Bad weather that continues in the markets.
But in theory, a cryptocurrency exchange could make those huge investments in a sports haven profitable. It also serves as a venue for showcasing his shows and as a base for commercial prospecting. Target? dominates Probably 1 million potential customers The long-term.
Crypto.com Manufacture Risky bet By investing large sums of money in sports to promote its brand and offers. This audacity can be rewarded. However, the experience digital travel showed that Sports and cryptocurrency are not necessarily a winning combination.
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