1 week ago
Crypto companies pull out of sponsorship deals amid market downturn
- New York Post reveals that cryptocurrency companies are cutting costs by pulling out of sponsorship and marketing deals as the crypto market crashed to its lowest in almost two years.
- Some believed the deal would have been strategic, considering regulators who oversee the crypto space attend Wizards games.
- Almost every major cryptocurrency company spent massively on crypto ads and endorsements in 2021 and early this year.
