Bitcoin News and Finance
Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto Skip to main content

Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto

Los Angeles Angels' Shohei Ohtani Joins FTX's Global Ambassadors, MLB Superstar to Be Paid in Crypto

The cryptocurrency firm FTX Trading Ltd. announced on Tuesday that the Major League Baseball (MLB) legend Shohei Ohtani also known as “Shotime” has joined the company’s global ambassadors. According to the announcement Ohtani will be paid in cryptocurrencies and will acquire an equity stake in the crypto company.

Angels’ Shotime Joins FTX

At the end of June, seven-time Super Bowl champion Tom Brady and his wife Brazilian supermodel Gisele Bündchen joined FTX as global ambassadors. At the beginning of September, Brady and Bündchen starred in a $20 million ad campaign for FTX. Just before the deal between FTX Trading Ltd. and Brady, the crypto exchange preceded by inking a long-term partnership with MLB. Two months after the ad campaign with Bündchen and Brady, the company has announced that the MLB pitcher, designated hitter, and outfielder for the Los Angeles Angels, Shohei Ohtani, is joining FTX’s ambassadors’ list.

The announcement notes that Ohtani will get all of his compensation in FTX equity and cryptocurrencies. The statements sent to Bitcoin.com News further details that the crypto payment acceptance illustrates the MLB player’s “strong belief in both FTX and the crypto industry.” Ohtani, also called “Shotime,” became the first MLB player in 88 years to become an All-Star as both a pitcher and hitter during the Midsummer Classics. The deal between Ohtani and FTX notes that the MLB player will serve as a spokesperson for the crypto firm.

FTX believes Ohtani as a global ambassador will “further elevate the FTX brand, increasing awareness of the company’s platform.” Sam Bankman-Fried, the founder and CEO of FTX, explained in a statement sent to Bitcoin.com News that the firm is always looking for partners that share the company’s vision. “Shohei has become a transcendent player in baseball in just a short period of time and this, combined with his support of digital assets, made it an easy choice to enter into a partnership with him,” Bankman-Fried said. The FTX CEO added:

Off the field, Shohei has a passion for bettering the global community, something both he and FTX share, and we’re excited to partner with Shohei on various charitable initiatives, particularly with a focus on helping animals.

While FTX has made deals with Ohtani, Brady, Bündchen, and the MLB, it has also acquired a naming deal with the professional esports organization TSM and won the naming-rights for the arena of the NBA’s Miami Heat. No one knows if FTX’s deep dive into the world of sports is working for the firm, in terms of garnishing more clients, but the crypto exchange holds one of the top positions in the industry today, in terms of global trade volume.

Statistics from coinmarketcap.com indicate that FTX has seen around $22.7 billion in 24-hour global trade volume, while Coingecko.com metrics indicate that FTX.US, the company’s platform for Americans, has around $686.9 million. The company offers both spot market cryptocurrency exchange and derivatives and holds the second-largest market in terms of crypto derivatives in the world, below Binance’s $14.8 billion in open interest. During the last day, FTX saw $9.3 billion in crypto derivatives open interest among 170 perpetuals and 627 futures markets.

What do you think about Shohei Ohtani joining FTX as a global ambassador? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory