Whether you’re a student, a parent or an educator, you should know how crypto changes college sponsorships. With the advent of the crypto economy, many non-traditional businesses are entering the crypto sponsorship market. The crypto market may greatly impact money, business, government, and, yes, higher education.
FTX Field will now be known as Cal Memorial Stadium
FTX, a cryptocurrency exchange, has just filed for bankruptcy. That’s a real problem because it’s owed millions of dollars. And FTX has had a string of sponsorship deals fall through.
Its logo appears on advertising spaces on the sidelines of a football field, and it’s even on press backdrops. But how does this change college sponsorships?
The first college sponsorship with a cryptocurrency company is happening at Cal. In August, Cal Berkeley Athletics announced a deal with FTX. That deal included a $17.5 million naming-rights value for the football field.
The name for the field will be FTX Field at California Memorial Stadium. The first game is scheduled for Sept. 4 against Nevada. The naming rights will be worth $17.5 million over the next ten years.
The deal also includes branding on the stadium’s press backdrops, and the logo will be placed on the athletic department’s website. FTX Chief Operating Officer, Sina Nader, is a former Cal Golden Bear who was a walk-on player.
Non-traditional businesses are moving into the cryptocurrency sponsorship arena
Whether you live in Texas or California, you have probably heard of FTX, a reputable crypto exchange, a la Coinbase or Circle. You probably still need to throw a leg over their ten-year, 17.5 million-dollar deal. You better get your act together if you want to score some sweet deals. It’s not as hard as it seems. You might have to spend some free time fixing your crypto, but the rewards are worth it.
The FTX might be the most prestigious crypto-based sponsor to date. The big question is whether or not the new sponsor is the right fit for your crypto-centric plans. The best bets are FTX’s competitors – Coinbase, Circle, and Cryptopia. The crypto-verse is not for the faint of heart, and in the real world, you might want to avoid a long-term partnership that binds you to a cult of crypto thugs. So if you’re looking to score crypto-themed deals, you’d be best served to eschew the state for the Big Apple.
eToro allows novice investors to mimic the investments of big-time investors
eToro is an online platform that allows novice investors to follow the investments of professionals and amateurs. It is a social network where you can connect with other investors, learn new investing strategies, and learn about the latest market trends.
eToro’s CopyTrader function allows users to duplicate portfolios of popular investors. The process is at the heart of social investing. Users can then copy their favourite investors’ moves without making their own investments.
eToro’s Smart Portfolios features allow investors to group assets based on a common theme. Some portfolios use advanced algorithms and machine learning to build investment strategies. The investment strategy is managed through regular rebalancing.
The eToro Academy offers online training courses, videos, and podcasts. It also provides written guides. There is a help centre with step-by-step directions to help users get started. eToro also offers a demo account for new investors.
Users can choose from thousands of assets to invest in. For instance, eToro offers over 40 different cryptocurrencies. There are also over 500 crypto pairs to choose from. You can change these assets anytime you want.
Blockchain technology may disrupt money, business, government, and, yes, higher education
Blockchain technology might prove to be a game changer considering the vast amount of data stored in the education industry. The technology can provide transparency and enhanced data security while redefining marketing and communication strategies.
While the technology is still relatively new, the applications are growing quickly. Blockchains are distributed ledgers that can record virtually anything. These records are encrypted with the most advanced cryptography and stored on a peer-to-peer network.
In the education sector, blockchain technology could record student achievements and loans and prevent academic fraud. In addition to this, the technology could be used to reward students and content creators. It also offers a way to create safe virtual learning environments.
One of the most promising applications of this technology is developing a system of verifiable credentials that could be used in the broader labour market. In addition, a decentralized ledger of certificates could be used to record educational transcripts and student loans.