LIKE MOST PEOPLE, I first heard of Crypto.com when Matt Damon popped up on my TV screen and suggested I was a coward. I've followed cryptocurrencies for over a decade, but I've never invested in them-beyond money laundering, I'd never been able to understand what they were good for. Seeing Damon, though, I understood that the public perception of the technology had reached a new phase. And, yes, I felt in danger of being left behind. Damon's commercial is part of a larger, sports-focused marketing push by Crypto.com: The cryptocurrency exchange's lion-head logo appears on the ice of the NHL, in the octagon of the UFC, and on the jerseys of the Philadelphia 76ers. Last November, the company announced it had purchased the naming rights to the downtown arena of the Los Angeles Lakers, at the cost of $700 million; during this year's Super Bowl, Crypto.com aired an advertisement featuring LeBron James. In March, it announced it will be sponsoring the World Cup.
Crypto.com, as it currently exists, earns most of its money executing trades for clients via its smartphone app. (The company courts the small investor, and several people I talked to compared Crypto.com to the investing app Robinhood.) But charging fees to trade cryptocurrencies is a lucrative business, and rival exchanges like FTX and Coinbase are fighting for the same customers. FTX owns the stadium-naming rights for the Miami Heat, and Coinbase-which went public last year, reporting higher profit margins than Google-is the NBA's exclusive cryptocurrency-platform partner. If the 76ers travel to Miami for a nationally televised game, you will see all three brands advertising on the same broadcast.
Bu hikaye GQ India dergisinin June - July 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye GQ India dergisinin June - July 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The 30 Best Watches Of 2024
Rounding up the best shapes, materials, complications and sizes from this year's horological novelty treasure chest.
Wes Lang's Heroes of Love...
Last month, LA-based artist Wes Lang unveiled The Black Paintings, a monumental series of works that play like storyboards to a raucous midnight horror movieand a spiritual quest. Here, GQ collaborates with the artist on a fashion story that brings his stylish characters off the canvas.
The Miraculous Resurrection of Notre Dame
In 2019, a fire nearly destroyed the crown jewel of France-and the nation set a breakneck five-year deadline to bring it back from the ashes. This is the story of how an army of artisans turned back centuries to restore Notre-Dame by hand, and wound up reviving something even greater than the cathedral itself.
"IT'S NOT ABOUT BEING PERFECT. IT'S ABOUT BEING REVOLUTIONARY."
Beyoncé Knowles-Carter talks business, legacy, art, and family
The Wedding Singers
Madboy Mink's dynamic duo, Saba Azad and Imaad Shah, redefine festive style.
A Watch Is More Than Just a Pretty Face
As collectors look to make their grail watches stand out, they're turning to unique vintage bracelets and paying thousands on thousands for straps on the secondary market.
The Fluidity of Cartier
Why Gen Z stars are obsessed with this historic maison.
A Princess with Passion
From restoring monuments to reviving hereditary crafts, Bhavnagar's Brijeshwari Kumari Gohil has her sights on the future.
THE FUTURE SOUNDS LIKE AT EEZ
The Coachella-slaying, multi-language-singing, genre-obliterating members of Ateez are quickly becoming load-bearing stars of our global pop universe.
DEMNA UNMASKED
He's the most influential designer of the past decade. He's also the most controversial. Now the creative director of Balenciaga is exploring a surprising source of inspiration: happiness. GQ's Samuel Hine witnesses the dawn of Demna's new era, in Paris, New York, and Shanghai. Photographs by Jason Nocito.
