Cryptocurrency exchange FTX US partners with four Washington, DC sports teams

The company behind four major professional sports teams based in Washington, DC, has announced that FTX US will be their official cryptocurrency exchange and non-fungible token partner.

In an announcement made Monday, Monumental Sports and Entertainment, or MSE, He said that FTX US would be the official partner of 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, the FTX US NFT platform will have exclusive rights to future token deliveries by all four teams and the exchange will be a partner for a number of in-game highlights, dubbed “Big Block-Chain.”

“The integration of blockchain technology with the sports experience has only just begun, and together we are moving towards a whole new frontier that will ignite fans beyond what they can imagine today,” said Jim Van Stone, President of MSE’s commercial operations and commercial director of the firm.

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 settlement of 135 million dollars to obtain the naming rights to the Miami Heat stadium, which will be called FTX Arena until at least 2040. The company is also Official Sponsor of Major League Baseball since June, and it has associated with the University of Kentucky for your Wildcats men’s basketball team to act as a brand ambassador.

FTX, one of the largest cryptocurrency exchanges in the world, 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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Cryptocurrency exchange FTX US partners with four Washington, DC sports teams