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IEG, the sponsorship intelligence provider, reported that crypto brands invested $ million on NBA sponsorship fees in /22, up from less $2 million in the. Crypto companies were the second biggest sponsor category for the NBA in the season. They were 43rd the year before. Coinbase has signed a multi-year deal to become the exclusive cryptocurrency platform partner of the NBA, WNBA.

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Cleveland Cavaliers. Last August, the NFL restricted its teams from negotiating sponsorships as it studies the business, according to The Athletic. NFTs, non-fungible tokens, also have made a big splash in the Association.

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