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CoinEx Collabs With Rugby League World Cup 2021.
CoinEx has been designated as the Official Partner of the Rugby League World Cup 2021 (RLWC2021). This announcement was made today.
Following the introduction of Vodafone as the tournament’s official technology partner, the Rugby World Cup is now in a position to join other sports in having a crypto firm as an official sponsor.
According to Jon Dutton, chief executive of RLWC2021, crypto companies have recently established themselves in the sports sponsorship market, and he is pleased that they have been able to introduce this innovative sector to the Rugby League World Cup.
He went on to say that CoinEx is a worldwide corporation, and the trading platform they use strongly emphasizes being safe, reliable, professional, and compliant. This is in line with the authenticity value that RLWC2021 holds dear.
CoinEx is a reputable and worldwide cryptocurrency exchange that was established in the year 2017. CoinEx asserts that it provides a safe, reliable, and effective service for its three million customers all around the world, as part of its mission to simplify cryptocurrency trading.
The RLWC2021 was delayed due to the withdrawal of defending champions Australia, and New Zealand and will now take place from 15 October to November 19, 2022.
Bear Market Might Put A Stop On Crypto Sports Partnerships
In related news, like sports and crypto partnerships and increasing—with hundreds of millions of dollars worth of sponsorship agreements being made between crypto businesses and sports clubs—the current market situation is putting a halt on things.
Joe Favorito, who teaches sports administration at Columbia University, recently gave an interview to the New York Post. He said that he does not expect any new sports collaborations to be revealed while the market is in a downward trend.
During the previous crypto craze, sports corporations spent a fortune on sponsorships. Crypto.com spent $700 million for 20 years to name the LA Lakers’ arena. FTX spent $135 to rename the Miami Heat’s stadium in 2021. Tezos pays $27 million to get their logo on Manchester United shirts.