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FTX announces a partnership with the American Baseball League (MLB)
The NFT Marketplace is just getting started, and the Sports world hasn't seen anything yet
This is only the beginning for the NFT markets - sports haven’t seen anything yet
This is only the beginning for the NFT markets - sports haven’t seen anything yet
Mentions
tldr; Crypto-exchange platform FTX is facing an uncertain future as it faces a liquidity crisis after getting hit with $6 billion in withdrawals in just 72 hours. FTX had signed a 19-year deal with the Miami basketball arena for $135 million. The MLB called FTX its "first-ever umpire uniform patch partner" in a press release announcing the deal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Take a look at Sorare. Partnerships and licenses for NBA, MLB and now the Premier League gives them pretty decent global coverage.
Why so? Sorare have been knocking it out of the park with their NBA and MLB partnerships - and this is a natural next step after their Bundesliga launch.
Blow up. Sorare is now one of the most active chains for NFT volume behind Ethereum and Solana. This was due to their partnerships with the NBA and MLB - but Premier League is huge.
This is actually huge news for Sorare. They’ve got MLB and NBA, but Premier League was always a big goal for them.
When are they going to terminate the sponsorship for MLB?
Took a while for them to "officially" announce this. I imagine MLB and other companies will be terminating their relationships with FTX as well.
I still can't believe they were on every MLB umpire's uniform.
>Are baseball card collectors suing MLB? Class action lawsuit in 10....9.....8....7....
Because this lawsuit is a joke. “NFTs dropped in value, so let’s sure everyone that ever mentioned BAYC”. Meanwhile everything has dropped in value. Are baseball card collectors suing MLB?
tldr; Crypto exchange FTX is no longer a sponsor of the Gumball 3000 motor rally in Abu Dhabi, but its logo is still visible on the event's wristbands and more than one of the vehicles at the event. FTX's sponsorship deals with sports teams like the NBA, MLB, and NFL have been terminated since the firm filed for bankruptcy in November. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They were all over MLB umps uniforms last year.
You never watched MLB? The umps had the FTX logo on their uniforms. And I guess you never heard of FTX arena? You must not get out much if you never heard of FTX until it failed. Because it was big name, a lot going. Fill your boots, fella!
This. It was advertised in a lot of places. MLB umprires has massive FTX patches on their shirts. Every big financial youtuber like Graham Stephen majorly shilled FTX for a paid sponsorship. FTX went after the new crypto users with flashing lights.
Good luck beating someone with bullets. Even MLB pitchers can only throw a ball at most 105mph
Either everything is going to get tokenized or is not? Goodyear coin, Raiders coin, NFL coin, MLB coin, arrowhead water coin, desani, coca-cola? Why not cex coins?
How can that be? FTX was/is EVERYWHERE. Sporting event ads(NFL, NBA, MLB) BIG sports player sponsors (Tom Brady, Steph Curry, Miami Heat, FTX Stadium), big youtuber sponsors, Mainstream media stories about FTX and Sam Bankman Fried (Bloomberg, CNBC, etc)
The only reason I know FTX is because of the patches on MLB umpire uniforms this past season. That's it. I could care less about them.
Tldr; The collapse of cryptocurrency exchange FTX has led to a lot of impacts on the sports world. Those include the dissolution of their arena naming-rights partnership with the Miami Heat and the City of Miami, plus the seemingly-impending end of their MLB sponsorship. And FTX’s bankruptcy filing has now also led to a class-action lawsuit that names not just that company, but also many of the athletes, entertainers, and celebrities that promoted it, including Tom Brady and Gisele Bündchen. Saved you a click!
No problem US Gov. I even know a great exchange you can use to store it all and be able to distribute it to everyone. It’s called “FTX”. They sponsor MLB umpires so you know they’re trustworthy… /s
> Mt. Gox didn't have the naming rights on the Miami Heat's arena, or sponsorships with MLB and F1, or a prominent ad campaign with Gisele Bundchen and Tom Brady. You're already whitewashing history by making it sound like it was nothing back then, it wasn't, you just weren't there. https://www.coindesk.com/markets/2013/06/17/mt-gox-publishes-ad-in-g8-magazine/
Mt. Gox didn't have the naming rights on the Miami Heat's arena, or sponsorships with MLB and F1, or a prominent ad campaign with Gisele Bundchen and Tom Brady. Crypto, as an industry, had barely penetrated the public consciousness in 2014 and even 2017. Now it has: everyone knows about crypto, even your out of touch aunt, and everyone who has money to invest has considered whether they want it as part of their investment portfolio. And this is the lasting image of crypto in their minds: the precipitous decline of bitcoin from its ATH, unaccountably expensive procedurally generated cartoons, and one scam after another. That's crypto in the eyes of the general public. It's done.
And every umpire in the MLB and a bunch of other stupid shit.
2 weeks ago SBF was a crypto prodigy and FTX was the 2nd biggest exchange in the world, with partnerships with the NFL, MLB, Formula 1, governments, legislators, etc. Now they're worth 0 and SBF is an exposed scammer. Do you \*really\* trust Binance and CZ?
Just like the MLB shit show that was players gambling on games and juicing with HGH + corked bats. Nobody can take MLB seriously anymore...
When MtGox collapsed the only people who had bought in were either folks who wanted to buy drugs or hit men on Silk Road or your classic Bitcoin true believers, who bought into the economic school of thought that Bitcoin's deflationary and decentralized nature would be a hedge against cental-bank-induced economic collapses or government trading prohibits (e.g. buying a radio from a black market trader that receives non-government-approved stations). These were people who were buying into Bitcoin as the inevitable currency of the future, and were much more aware of the risks they were taking than people FTX was targeting. The attention around the MtGox collapse was far more limited, and constrained to mostly people who knew this stuff was wholly unregulated and could lose everything they put into MtGox. FTX was targeting a much broader audience, one that wouldn't know the difference between a side-chain and a colored coin. People who never heard the phrase “Lightning Network” before. FTX was shopping itself as being a sure bet. It prayed on FOMO hard. They had a contract to put their name on MLB umpires, they had naming rights to a stadium, they were putting themselves in the same context as mutual funds that people should invest their retirement into, knowing that many of the people looking at their ads don't know what mutual funds are either. Way different audiences and way different levels of awareness of details between them. The scale of losses is way different, too. MtGox lost a smidge under $500 million, FTX lost more than thirty times that much. Way more people know about the FTX collapse, a larger percentage of them who don't know anything about the fundamentals of cryptocurrencies and are just know about it as an investment vehicle, and I think that means a much larger number of people will be scared off.
MLB baseball must have flashbacks
I will say it until I’m blue in the face. What are the odds that the FTX collapse happened right after the MLB World Series came to a close? FTX had a partnership with MLB
I genuinely wonder what the long term impacts of this entire FTX debacle will be. Some people are acting as if it’s just another day in the life of crypto and we will be fine but this seems pretty bad. This wasn’t some small exchange, they had a goddamn NBA stadium named after them, a partnership with Mercedes F1 team, the MLB’s umpires had a big ass FTX logo on their uniforms for everyone to see and to make matters worse it’s not like FTX just filed for bankruptcy, it’s a whole lot worse than we could’ve ever known. How tf does crypto get any sort of mainstream adoption without regulation?
What a horrible look for crypto as a whole. Doesn’t help that not only were FTX commercials plastered all over TV but you had the Miami Heat Stadium named after FTX, Mercedes F1 team with their partnership, the goddamn MLB’s umpires had a big FTX logo right on the front of their uniforms and this is how FTX ends up. Such an embarrassment and I can imagine the millions of people who saw all these advertisements for FTX, seeing how it ended up and I can’t say I blame them if they never want to touch crypto again.
Every umpire in the MLB had their logo on their chest
I own no BTC, and now I see the error of my ways. I've been through at least 4 hacks, rugpulls, scams, etc in the last 3 years. I know it's a gamble, "dOn'T iNvEsT wHaT yOu CaN't AfFoRd To LoSe", but this was supposed to be the reputable side of Crypto, centralized exchanges where you don't spend all your trading profits on gas fees. They sponsored every MLB game the passed 2 seasons, they sponsored The Altanta Hawks arena, and in just a few short years have completely bankrupted it all. You think that's just another cycle event in crypto? Is this the "capitulation" part? Or is this the beginning of the unraveling? I guess we'll find out.
also MLB umpires had FTX ads on their uniforms this season
I can't believe a company that had its logos plastered all over the MLB would ever end up being this bad. I really feel for anyone who got taken by them. God bless you and don't give up.
I mean, there *were* billions of dollars; they were the sponsor for MLB's umpires and bought naming rights to the Miami Heat's arena. We just don't know where the rest of those billions went.
Is this the FTX that MLB panders?
Those sponsorships on MLB Umpires and in Formula 1 should cover the cost, right? How much they losing? Bout tree fiddy?
MtGox was absolutely dominant that time though. If you were in crypto then, most likely you were in MtGox. Now I admit that around 2013/2014 some other exchanges started opening up but if you were in Bitcoin in 2010-2012... it WAS MtGox. Bitcoin was a lot less mainstream then, so yeah not many people were involved, but my point was if you WERE involved, you most likely were in MtGox. With that said, since then many large players have shown up and I myself didn't even know about FTX or get involved until 2021. I have been here long enough to have used Coinbase, Kraken, and Gemini, the 3 most safe exchanges in the US. There's a reason why FTX has never been considered as reputable. It's more an investment firm, and this shows with its Bahamas HQ rather than US licensing. FTX US was an afterthought. You're right this takedown is still huge. FTX is a big enough household name with MLB and other sports that a lot of average Joes will be affected here.
No! Now what will MLB umpires wear above their coat pockets?
Mt. Gox was definitely huge for early adopters but it was barely news for the grand majority of people. I remember it well! :) I’m referring to the fact that at the time, for 99%+ of people, it was an extremely obscure site and plainly a risky place to buy or hold BTC, unlike FTX appeared to be and presented themselves as. Mt. Gox didn’t have an NBA arena and their logo plastered all over MLB. More importantly, Bitcoin was still largely a fringe notion and its market capitalization was peanuts even when compared to the current price, let alone the ATH.
So… MLB umpires WON’T be wearing FTX logos next year?
Same here! USA! MLB and college teams would be sweet too!!
MLB umpires(referee) have worn an FTX logo on their shirts for a couple years now.
MLB will have to make a decision too.
You're completely wrong. Every podcast out there talks about crypto, mostly in a bashing or joking way. They talked about it on Rogan, THE BIGGEST PODCAST PLATFORM IN THE WORLD. FTX was on every Umpires uniform in every MLB game for the passed 2 seasons, crypto.com arena is where THE LAKERS PLAY. You're just fooling yourself if you think it's not mainstream
I understand that. My fear is that with over 20000 coins at this point, most will fail. So while the rewards can be higher, the potential for failure is also. Ftx was all over MLB umpire jerseys and the Miami heat stadium. After today, who knows.
I guess they won’t be sponsoring MLB next season. Good to see the FTX logos on the umpires jackets…
So what will MLB empires wear on their sleeves?
Also MLB umps will need to update their unis.
MLB umpire uniforms gonna be collectors items now 
Who knew that FTX had endorsement and sponsorship details with Brady, Curry, Formula 1, MLB, Miami Heat arena naming rights….. what happens to these now?
Now, let's talk about something that's really important. Now that sh!tcoin casino FTX is going under, and is totally discredited....... How does this affect the naming rights of the FTX Arena in Miami? Will MLB players still have to wear FTX patches throughout the 2023 season, too?
First the MLB promoted Luna now FTX…
It would be funny if MLB umpires still had to wear FTX patches if they go belly up.
MLB umpires wondering why they wore this logo on their chest all year.
MLB is gonna have their hands full. FTX is plastered over every umpire now a days.
Well this could get awkward for MLB. Every ump has **FTX** plastered on their gear.
You know what...FTX just signed a partnership with MLB. Voyager was connected to the NBA. MoVe YoUr FuNdS!! /financialadvisorvoice
What are the odds of this happening after the MLB (which FTX was a sponsor of) season comes to an end? I don’t know how long FTX was to be a sponsor though.
I think it’s safe. Why else would the MLB umpires have FTX on their uniforms.
Yea as a highly regarded ape that started here in crypto it seem far too likely that the "leak" about FTX being insolvent is just FUD purposely created for and by competitors. FTX partners with GME and now more so with the MLB but both of those organizations somehow missed glaring issues with FTX.... high unlikely. These kinds of partnerships don't just happen .
Oh no!!! MLB going to get caught up in this scam of a company.
>Also worth noting FTX already had a deal with MLB where the umpires were wearing FTX patches on their uniforms all season. I remember some very confused announcers reading copy about this opening week to clarify for fans.
Looks like part of this will result in creation of NFTs. Also worth noting FTX already had a deal with MLB where the umpires were wearing FTX patches on their uniforms all season.
>who will sponsor MLB umpires now? [crypto.com](https://crypto.com) to the rescue
Oh no, who will sponsor MLB umpires now?
Nft tickets ( NFL, MLB, NHL, EPL, la Liga, premier league) etc. Nft for divorce decrees, marriage cert, hs diploma, college diplomas, Driver licenses. Health passports.
Hasbro dropped Power Rangers NFTs in 2021. There are lots of Pokemon NFT collections in existence today. Topps has MLB player card NFTs. Funko Pops are NFTs. Coca-Cola has released NFTs. Tiffany's Diamond Co has released NFTs. Nike, Adidas, Prada, Gucci, TIME - all have NFTs. What are you smoking, OP? It's honestly amazing how far behind in this space that the average redditor is
NFTs is just a format with some standardized data requirements. It either has some data in it or points to where the data is. It doesn't imply any particular license terms. Probably no different than how buying MLB merchandise doesn't give rights to use their trademarks on your own products. In that sense a licensing agreement can be made on the sale of an NFT. It can be as restrictive or as free as any other. ERC-721 Ethereum NFT standard. Just add licenseTerms(): string and have that return the license term or name like CCBYSA. Algorand ASA NFT. In the notes field, add it there. Reason I think Pokemon/etc would not want to use a public blockchain for their games and trading cards is that they enjoy reselling the same thing over and over again. Ridiculous amount of digital yu-gi-oh games where you have to build a deck all over again with a number of them offering ability to buy in game packs with real money
This is great, NBA, MLB and all of the tip European football clubs all licensed, sorare is the best nft implementation there is
Yeah also trust the guy that said he didn’t complete his PHD, like I didn’t complete my NBA , NFL and MLB championship campaign either.
I saw a post from r/wsb yesterday which had me straight spooked: October 1929, 2008, and 2022, what do these dates all have in common? MLB game lost by team who was up by 7 runs. What do the first two dates have in common? Major stock market crashes. 2022 likely to complete the trifecta? No, fuck off, spooky season is cancelled this year.
>NFTs in the NFL, NBA, MLB, etc. or like how fifa is doing on algorand right now? https://twitter.com/FIFAPlusCollect
former MLB pitcher, CJ Wilson, had a bitcoin order filled at like $6,000 last year during a flash dip. was close to an instant 10x
This is actually a good idea. Im going to write down my seed phrase and tape it to a baseball, then give it to MLB pitching ace Shohei Ohtani to launch straight up into the night sky with his wicked mechanics.
Well my deterioration into having a punt has had a similarly unsuccessful day as my portfolio…. damn MLB.
Sports betting is a huge industry and it's starting to come on-chain. Draft Kings runs their "Reignmakers" NFL fantasy games on Polygon and Sorare does fantasy soccer, MLB, and will be doing NBA on Starkware. The betting app Overtime Markets has been growing in popularity on Optimism, too. It's a really great use-case for NFTs and if you want to be totally on-chain, stablecoins as well. Instant payment as soon as the games settle is pretty sweet!
They were the company that last year was buying BitGo for $1.2 billion in cash and stock till the freeze hit and they left the deal. They also provided huge funding for Candy Digital which now runs the MLB, WWE, NASCAR, and a few others NFTs. Candy has since actually bought the Topps baseball card company even
I bought in to the first pro sports licensed collection back in 2018, MLB Crypto Baseball (now MLB Champions) - I’ve got a bunch of 2018 Ohtani rookie NFTs (0.75 ETH floor). That company went out of business in 2020 before the NFT boom 😭. Wonder if it’ll ever accrue value, like the first Gen baseball tobacco cards
tldr; In January and February, firms like Coindesk, Crypto.com, and FTX, among others, spent a collective $125 million on TV spots. This past July, only $36,000 was used towards ad spending, mirroring the nose dive in crypto valuations and a renewed distrust in the industry. The arrival of the NFL season, MLB playoffs, and the NBA season could usher in a set of new crypto advertisements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I have been playing Sorare for a year now and in my case I am only interested in football fantasy but it is great to see that they are expanding. A few months ago they added MLB.