Share this article
FTX Strikes 7-Year Deal With 'League of Legends' Riot Games
Riot Games said it was the largest sponsorship agreement the League of Legends creator has signed for an esports tournament to date.
Updated Sep 14, 2021, 1:35 p.m. Published Aug 4, 2021, 1:21 a.m.
Make us preferred on Google
Cryptocurrency exchange FTX has signed a multiyear deal with Riot Games for the rights to display its branding during a seasonal tournament of the popular "League of Legends" online game.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The seven-year deal means FTX will have its logo displayed prominently during The League Championship Series (LCS) – North America's pre-eminent tournament for the game.
- Riot Games said it was the largest sponsorship agreement it has signed for an esports league to date. The amount was undisclosed.
- Beginning this weekend, branding will appear during the tournament near the gold advantage resource counter as well as on the bottom left-hand side of the screen.
- Player net worth, total team gold and gold graphs will also feature FTX branding next to those in-game stats.
- Additionally, FTX will directly sponsor the LCS's "Most Improved Player Award."
- In June, FTX acquired the naming rights for esports team TSM in a $210 million deal. TSM began as a "League of Legends" website and playing guide resource in 2009.
- "League of Legends" had more than 120 million active monthly users in each of the past four months, making it one of the world's most popular games, data shows.
Read more: FTX Strikes Sponsorship Deal With MLB, Umpires to Wear Crypto Exchange’s Logo
Más para ti
Michael Saylor's Strategy purchased $168 million in bitcoin last week
The company's stack is now 717,131 bitcoin acquired for $54.52 billion, or $76,027 per coin. Bitcoin's current price is $68,000.
Lo que debes saber:
- Strategy (MSTR) added 2,486 bitcoin for $168.4 million in the last week.
- The company's holdings now foot to 717,131 BTC acquired for $54.52 billion, or $76,027 per coin — substantially below the current price of $68,000.
- Last week's buys were funded via common stock sales and the sale of the STRC preferred series.
