Staples Center to be renamed Crypto.com Arena on Christmas Day!!

[cheezcarls]

Source: https://sports.yahoo.com/report-staples-center-to-be-renamed-cryptocom-arena-in-largest-naming-right-deal-in-history-050426958.html

Man this is huge news!!! I'm going nuts on this!!! Although that I am not a fan of Los Angeles Lakers or Clippers, this is a history in the making!!! Now crypto adoption and mainstream will be accelerating even more.

Thoughts on this guys? This is really exciting for crypto enthusiasts!!!!

[jackg]

They've bought it for longer than crypto has been a thing!

The article says they bought the naming rights for 20 years, that's quite a lot longer than crypto has been going and almost double the time it's been fairly usable.

[CryptoWebDirectory]

Being someone who lives in the States, this is great to see! LA is the largest city in the country and the name will surely be seen by millions. I just saw another article yesterday about the Houston Rockets (another basketball team) partnering with a company to pay players in Bitcoin.

Crypto is getting bigger in the online gaming industry, so I can't see why it wouldn't be popular in the professional gaming industry either. Great news!!

[sunsilk]

Truly a big thing not only for crypto.com themselves but for the entire crypto market. I see the pump that's happening on crypto.com token because of this news.

This will also create sort of competition and idea for the other exchanges that have seen this news. Will there be a next stadium that will be replace its name into binance.com? 

[dimonstration]

As a fellow crypto.com card holder and CRO investors, This is very huge. I was wondering why the price keep pumping for couple of weeks since Bitcoin bull run, I thought this is just the effect of Bitcoin that's why I take profit some token that I hold for my Card benefits. This is very huge especially on there card services, They might get a massive increase in sale because of this deal because they are offering 100% rebate for Spotify and Netflix premium which is very popular in US.

[Maslate]

This is clearly a big news, no doubt it will help the adoption of crypto as people who are not aware of crypto might be curious, and they would never think it's a scam since LA Lakers promoted them. 

I am a big fan of NBA, so I'm happy with this news, though not a fan of Lakers now because they are struggling, but LA Lakers is probably the most popular team as they have Lebron James in the team, and maybe we can also expect that Lebron will eventually advertise crypto soon and that would influence his followers.

[Taskford]

Imagine how far it can reach one this event will happen since imagine millions of people around the world would see the crypto.com name on game day and this will be talk in town once they make this happen on the said that.

I can't wait to see more adoption came from 1st world country next to this news.

[Chato1977]

Being someone who lives in the States, this is great to see! LA is the largest city in the country and the name will surely be seen by millions. I just saw another article yesterday about the Houston Rockets (another basketball team) partnering with a company to pay players in Bitcoin.

Crypto is getting bigger in the online gaming industry, so I can't see why it wouldn't be popular in the professional gaming industry either. Great news!!

then this is a double celebration ? staples center to be renamed close to our hearts though the first post says it has been bought 10 years even before bitcoin was created yet this is something we must celebrate.

More to come  in future.

[acroman08]

I wonder if we will see an effect on the price of BTC because of this news. this is quite big and the exposure cryptocurrency because of this will be huge. that being said, I also wonder how many people will have a problem with this. I mean, Staples Center must have been a nostalgic memory for someone, and seeing it being renamed would probably have an effect on them.

[masterrex]

Source: https://sports.yahoo.com/report-staples-center-to-be-renamed-cryptocom-arena-in-largest-naming-right-deal-in-history-050426958.html

Man this is huge news!!! I'm going nuts on this!!! Although that I am not a fan of Los Angeles Lakers or Clippers, this is a history in the making!!! Now crypto adoption and mainstream will be accelerating even more.

Thoughts on this guys? This is really exciting for crypto enthusiasts!!!!

This would be another huge crypto exposure, Imagine when the NBA games have broadcast the live game, it was shown on your monitor "Live from Crypto.com center/arena, I'm sure many people will reach that not just in the United States but also around the world, its another milestone for Crypto.com and also for the crypto industry as well.  

[Lucius]

I wonder if we will see an effect on the price of BTC because of this news.

Why would something like that affect the price of Bitcoin? One facility will be named after a crypto exchange, but that does not mean sending a message to anyone to invest in Bitcoin, but to promote general cryptocurrency trading.

In addition, it has become very popular to sell the rights to the name of such facilities, so one such agreement was made back in June in Miami when the popular Miami Heat’s arena changed its name to FTX arena - so I don’t understand anyone considering this as "huge news".

Crypto.com is the second cryptocurrency company to land a sports arena in the United States in recent months. FTX reached a $135 million to rename the Miami Heat’s arena from the American Airlines Arena to FTX Arena in June.

[LogitechMouse]

I bought the token when it was 0.17$ and I thought at that time that I bought it at a very high price but I have this feeling that this coin will go higher at any given time that is why I bought it. Another reason why I bought it is because I want that card and also because of Supercharger as well. Passive income just by putting the CRO tokens into a pool and you will earn different coins every 45 days at least.

I saw this news a few hours ago and I think this is also the reason why in the past few weeks, CRO's price is increasing. Well, the first one to do this is the FTX arena at Miami and they are the second I think. Either way, this is a good advertisement not only for the company itself but cryptocurrency in general.

[yazher]

I saw the announcement earlier and it surprise me because of all the names, they focus on crypto as if it will gonna be the next big thing in the next decades to come and it will be since we see these companies adopting the crypto industry one after another.

I'm really excited if they thinking to create their own NFTs where we can buy some NBA goods in the form of NFTs. it's just mere speculation from my side but judging in the turn of events, looks like they will gonna make something like that.

[dkbit98]

Crypto.com obviously made a lot of profit when they can hire actor Matt Damon for their commercials and invest bunch of money in sport clubs and arenas, but I am not sure how this can benefit Bitcoin in any way.
They are promoting custodial wallet with earning small interest, with mandatory kyc and offering payment cards, but that can only mislead many people about real value and importance of Bitcoin.
Other thing they promote is their own token and blockchain they call fully decentralized, but in reality it's not really decentralized.
I understand this is their business model and they want to be profitable, but I don't like it personally.

[bosede1]

 I am not in this country but I know is a lot of positive influence for Crypto world. By this I mean a lot of publicity gaining for crypto world to newbie in that specific environ.

[ChiBitCTy]

I saw this news late last night and shared it with all of my discord groups and friends who I thought might be interested in seeing it. The funny thing is that Los Angeles Lakers fans are absolutely NOT happy about this name change.  Even though I understand the hate, as like with the Sears tower being named the Willis Tower, no one here in Chicago calls it that, however it's simply a business move so who cares at the end of the day is my thing.

[buwaytress]

And just yesterday I read that Porto FC (Portuguese serial winners and Champions League alumni) will get Binance on their jersey next month. But yeah, an actual stadium named after an exchange is pretty big a deal, even if I've never heard of that stadium before. Welcome Crypto.com even if I don't use (or really like) them.

I saw this news late last night and shared it with all of my discord groups and friends who I thought might be interested in seeing it. The funny thing is that Los Angeles Lakers fans are absolutely NOT happy about this name change.  Even though I understand the hate, as like with the Sears tower being named the Willis Tower, no one here in Chicago calls it that, however it's simply a business move so who cares at the end of the day is my thing.

A lot of fans hated it when their beloved stadiums were named Emirates (England) or Allianz (Germany). I'd definitely be against Anfield being called some company instead. Sgn of the times.

[dothebeats]

Heard some of the people there aren't really fond of the name change, and I understand the sentiment considering that the name stands as it was for long and all of a sudden, its name is changed into something else. Then again, it's just a name change, and people can still keep calling it whatever they want. Crypto.com would probably be receiving a lot of page views and will be the talk of the town for some time before the hype dies down. I wonder if this might even cause people to search cryptocurrencies yet again due to their curiosity, and fuel another pump in the near future.

[famososMuertos]

Well they have been putting money in advertising for a long time, I have seen them in MMA and recently Matt Damon  was seen in a commercial, the impact is direct because given the name "crypto" he ends up indirectly advertising the entire niche.

In addition to that, for example, we are seeing an entertainment website or news traditional (global) TV not related to the world of crypto currencies, getting involved, consequently the diffusion becomes massive.

At old times car brands fought for names in stadiums, eXchanges are coming!!

[DaveF]

Having something that is everyone's face about BTC and crypto in general is a good thing.
I am not a fan of crypto.com but I think if you asked just about anyone here who is good in the crypto field you would get a ton of answers.
Is the crypto.com arena any worse then Gemini stadium or The Coinbase theater?

I saw this news late last night and shared it with all of my discord groups and friends who I thought might be interested in seeing it. The funny thing is that Los Angeles Lakers fans are absolutely NOT happy about this name change.  Even though I understand the hate, as like with the Sears tower being named the Willis Tower, no one here in Chicago calls it that, however it's simply a business move so who cares at the end of the day is my thing.

New Yorker: "Who cares, they are just Laker fans"

But seriously, it is like you said, people will call it whatever they are used to. There are several small venues here that have not had their old names for years that are still referred to by them. Some others I know have sponsors but you only see them on the tickets and on the venue. Not really referred to that way. 

-Dave