1 week ago

Crypto companies pull out of sponsorship deals amid market downturn

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.
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