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Crypto Now Encroaching the Football Arena Faster Than Ever

A fascinating new age of convergence between sports and digital currency is upon us as the UEFA, famous for its heart-pounding football competitions, brings the arena to the world of crypto. The association is reshaping the game with the impending 2024–2027 Champions League cycle by finding a way of bringing in cryptocurrency fans and gambling sites, something that will get every enthusiast quite excited.

Building on Existing Success

After bagging partnerships with gaming behemoths like PlayStation and Mastercard, UEFA seems eager to reach out to other sectors, seeing an opportunity for cooperation and innovation that has yet to be fully realized. At the core, this is more than simply a financial backing deal. It is an opportunity to create a mutually beneficial partnership that goes above and beyond what is often seen in the sports entertainment industry, all while improving the fan experience.

This daring approach by UEFA represents a turning point, converging sports sponsorship and the ever-changing cryptocurrency industry. The tender, which opened on March 13, gave cryptocurrency gambling platforms until March 20 to enter and claim a seat on the field. Needless to say, it represented a once-in-a-lifetime chance for them to share their line-ups in front of a worldwide audience of football enthusiasts.

AC Milan Joins the Bandwagon

As expected, the floodgates of crypto gambling-related collaborations have opened. Football teams are also forging their own partnerships with the most recent one being AC Milan. The legendary Italian football team has been creating a stir in the sports world lately by partnering with the equally well-known bitcoin gaming site TG.Casino.

According to the release, TG. Casino joins AC Milan as their Regional iGaming Partner. This move is in line with their aim to increase fan interaction and boost their European footprint. With the support of AC Milan, this groundbreaking partnership makes TG.Casino a frontrunner in the rapidly growing iGaming industry.

The announcement of the partnership has sent shockwaves across the gaming world, driving up the price of $TGC, the native utility token of TG Casino. However, there is more to it. As a dynamic asset in the crypto gaming ecosystem, $TGC provides practical advantages including cash-back incentives and staking perks, in addition to its monetary worth. The token’s “fan engagement tool” status and AC Milan’s support, further demonstrate how forward-thinking this partnership is, connecting long-standing sports fanaticism with new blockchain technology.

Through the introduction of cryptocurrency into football sponsorship, both sectors stand to benefit greatly. That is especially from special fan tokens that provide access to VIP events and NFTs that immortalize legendary football moments. Still, we are just at the beginning of an era that could reshape the landscape of football and crypto gambling for years to come.

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Crypto.com To Sponsor Formula 1’s New Sprint Races

Renowned international racing auto racing organization Formula 1 has become one of the latest entities to partner with the crypto industry. This is thanks to a multi-million-dollar deal between the organization and Crypto.com which is one of the fastest-growing crypto platforms in existence.

As per the terms of the partnership agreement, Crypto.com will now be able to enjoy a significant amount of brand presence around Formula 1 events. This will begin with the new Spring qualifying format that Formula 1 will be using to determine the starting positions of cars in some of its races.

Speaking on the new development, a spokesperson from Formula 1 said that they are very excited about the partnership. Crypto.com’s reputation as a leading crypto platform across the globe certainly opens doors for new ways of fan engagement. F1 director of commercial partnerships Ben Pincus has also confirmed that cryptocurrencies are “an area we are very interested in.”

All the Sprint races will go down in three rounds of the championship in 2021. After its launch at Silverstone, more events will likely head to Monza after which the next location will be selected. There is speculation that this could be either Interlagos in Brazil or the Circuit of the Americas in the USA

NFTs Coming to Formula 1

The idea that one of the biggest racing organizations will now be associated with the crypto industry is very exciting, to say the least. What is even more exciting is the fact that some arguably newer crypto technologies such as Non-Fungible Tokens (NFTs) will be a part of the deal.

“As F1 continues to explore new ways for fans to engage and become more immersed in the sport, Crypto.com will also become the Official Cryptocurrency Sponsor and NFT Partner of F1. Mirroring the fan-first approach F1 has adopted to engage with new audiences, Crypto.com aims to democratize the world of cryptocurrency for fans, through education and experiences in the new partnership.”

To kick things off, Crypto.com will be presenting a brand-new award. This is yet to be announced but we expect some news on it ahead of the Belgian Grand Prix.

All in all, this is a great step forward for the world of digital currencies. The sector is still fundamentally considered to be complicated. Thanks to such partnerships as the one between Crypto.com and Formula 1 we can expect even more growth. It is going to be very exciting to see how this partnership pans out going forward.