One of the most popular ways to sponsor a college athlete is to use cryptocurrencies. Those interested in using these coins can find several websites to help them out, such as LootMogul, trust capital, Spantale, and more. However, there are also a few things to consider before you start.
trust capital
If you are an athletic enthusiast, consider the new trust capital app. The company’s app has over 38,000 client-funded accounts and recently crossed the 5 billion mark in total transaction volume. Its latest addition is a fan-centric platform that allows users to create and display custom signs in iconic USC venues.
In the realm of cryptocurrencies, trust capital has several enticing features. Their app gives you access to physical gold and silver, along with digital tokens. As a result, trust capital has been able to keep costs lower than the competition. While at it, you can even participate in the trust capital eXchange program, which allows you to trade coins and tokens with other users.
FTX
If you’re a college athlete looking to earn extra cash, consider working with a crypto exchange like FTX. The company is regulated in the United States and was worth about $32 billion in January.
The company has a history of making high-profile sports sponsorship deals. It has partnered with major sports leagues, arenas, and celebrities. For example, FTX spent millions on a Larry David-starring Super Bowl ad.
The company was also an early investor in esports, signing a deal with Riot Games to sponsor the League of Legends Championship Series. In January, the company paid $210 million for e-sports organization TSM naming rights.
LootMogul
LootMogul is a sports metaverse gaming company that enables influencers to build virtual worlds and compete in real-time battle-style sports trivia games. The platform is backed by over 180 professional athletes and training academies.
Athletes can participate in tournaments and events to earn ‘Mogul tokens.’ These can be used to enter competitions, vote, or access VIP events. Tokens can also be used to promote brands.
LootMogul is also working with more than 180 sports leagues. The platform is designed to empower athletes with exclusive content and to increase engagement between fans and teams. LootMogul is onboarding more than 1.5 million high school and college athletes.
BitPay
With the recent launch of the NCAA’s new ownership rights, many college athletes are starting to cash in on the power of cryptocurrency. And there are more than a few ways to do it.
One of the most innovative ways to sponsor college athletes with crypto is through an app called Game Coin. This platform will allow athletes to create their non-fungible tokens (NFTs) and create their trading cards. It will also allow fans to buy and sell these NFTs.
Another way to do this is to work with a company like Dreamfield, which offers a digital currency payment system. It allows players to pay for things online and can also be used to pay for merchandise and social media posts.
NIL Coin
If you are interested in sponsoring college athletes with NIL Coin, you need to ensure that you are up to speed on the ins and outs of the cryptocurrency. This could help you decide whether or not it is worth your time.
The National Collegiate Athletic Association (NCAA) recently released a new policy on using NIL. According to the policy, all deals between NIL participants must be made through a central clearinghouse, and deals must be fair market value.
The new rules have prompted major brands to scramble to understand the changes. Some have begun offering deals to students directly, while others have begun working with collectives. A few student-athletes have even entered into deals with big brand names, such as American Eagle and Beats By Dre.
Spectacle
Cryptocurrency is changing how athletes and sponsors are rewarded for their contributions to their respective sports. College athletes are embracing technology, a trend that could change sports sponsorship.
The spectacle is a platform that leverages the benefits of the crypto world to enhance the sports sponsorship experience. In particular, Spantale allows young talents to finance their sporting dreams. By putting fans at the heart of the process, the company breaks down the traditional barriers in the sports industry.
The Spectacle platform is powered by the AEL token, a nifty little utility token designed to help companies maximize their profit. In addition to the token, Spantale uses a network of users to raise funds.