revealed as sponsor for FIFA World Cup Qatar 2022

revealed as sponsor for FIFA World Cup Qatar 2022

CRYPTO.COM

CRYPTO.COM

The successful opening ceremony of FIFA World Cup Qatar 2022 showed the official sponsors of the event including Crypto.com, a renowned centralized exchange and ecosystem in Web3.

The crypto world is slowly taking over the main events around the world. This time, Crypto.com stepped up its game to become a supporter of FIFA along with Algorand blockchain.

Crypto.com previously was alleged to be involved with the FTX crash, causing its native token, $CRO, to drop to an all-time low last week. Nonetheless, CEO Kris Marszalek denied these speculations.

Crypto.com has regained its reputation after Marszalek held the exclusive YouTube live where he shared all the details on the firm’s loss from the FTX’s bankruptcy, estimated to be around $10M.

Seeing its involvement with FIFA, the exchange might be doing quite well despite the bear market to afford the sponsorship of one of the most expensive events in the world.

The exchange had already made the announcement last month stating they would be sending three lucky users from Australia, Singapore, and the United Kingdom to watch the Final World Cup match.

Other than Crypto.com, Alogorand is also a sponsor for Qatar World Cup 2022. Widely known for its advanced network features and function, the blockchain is advertising itself in FIFA as well.

The sponsorship at the major event is a good sign for the Web3 industry because it can lead to mass adoption. However, seeing the current bear market and scandals with SBF, it might be hard.

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