Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX

cointelegraph.com:

Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season.

Despite the current bear market, it appears that crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. At the same time, PSG has also launched preseason NFT tickets.

The OKX deal will put a fair amount of eyeballs on company branding, given that Manchester City won the EPL last season and is looking primed to make another tilt at the league this upcoming season after signing the Norwegian star striker Erling Haaland.

As part of the deal, OKX’s logo will feature on both the men’s and the women’s training gear until mid-2023, with current previews showing OKX’s name on the front of training shirts in the lower chest area.

Additionally, OKX stated that it had commissioned popular street artist “Akse P19” and the Global Street Art Agency to create four artworks across Manchester that include QR codes. These can be scanned by fans for a chance to win season tickets in the OKX Hospitality Box. The street art pieces depict players such as Haaland, Jack Grealish, João Cancelo, and John Stones.

The duo has held a partnership since March after OKX was signed on to become Manchester City’s Official Cryptocurrency Exchange Partner. They have also touted that more Web3-focused fan engagement experiences will be rolled out.

OKX was founded in 2017 and is based in the Republic of Seychelles. The firm claims to have more than 20 million customers across the globe from around 180 international markets. It supports trading on top assets such as Bitcoin