Premier League Team Watford FC Will Wear Dogecoin Logo on Jerseys: Report
- Premier League workforce Watford FC will function dogecoin as its sleeve sponsor, in response to a report.
- The Athletic mentioned the deal, a part of a sponsorship with Stake.com, can be value simply shy of $1 million.
- Crypto has boomed this yr and is edging its approach into the world of sports activities sponsorships.
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Gamers for Watford FC, which was promoted to the world’s richest soccer league this yr, will put on a dogecoin emblem on their sleeves for the 2021/22 season, The Athletic reported on Saturday.
The initiative is a part of a sponsorship take care of playing firm Stake.com. It is going to be value simply shy of $1 million to the workforce, in response to The Athletic, a sports activities information web site.
Watford FC didn’t reply to Insider’s requests for touch upon Sunday.
Watford, which is predicated simply north of London, is not any stranger to the crypto world. It sported a bitcoin logo on its shirts as a part of a sponsorship take care of Sportsbet.io for the 2019/20 Premier League season, which noticed the facet get relegated.
Cryptocurrencies are digital currencies that are not managed by a centralized authority, reminiscent of a business or central financial institution. As a substitute, they’re secured utilizing advanced cryptographic expertise.
Crypto has boomed in 2021, with your entire worth of the market now standing at round $1.95 trillion, in response to Coinmarketcap. But regulators have repeatedly warned that cryptocurrencies are extremely dangerous.
Dogecoin was started as a joke in 2013 and makes use of the picture of the meme Shiba Inu canine often known as Doge. Nevertheless it has since captured the creativeness of many crypto followers and has garnered the assist of celebrities — most notably Tesla boss Elon Musk.
The meme cryptocurrency has risen 8,185% during the last yr, in response to Coingecko. Followers wish to say it is heading to the moon — however the extremely risky token is down 60% since an all-time excessive of $0.732 reached in Might.
Sports activities and crypto tie-ups have gotten extra widespread as corporations reap the rewards of the crypto growth.
The Premier League is a sizzling goal for sponsors. It is probably the most profitable soccer league on the planet, with 5.86 billion euros of income in 2019 — round $6.92 billion at as we speak’s change charges — in response to UEFA.