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FTX pays a $17.5 million naming fee in cryptocurrency

TokenInsight news, According to Bloomberg, FTX spent $17.5 million to obtain the naming right of Cal Memorial Stadium. The transaction was paid by crypto assets. This is the second stadium's naming right bought by FTX. The first one is NBA's Miami Heat and it was renamed FTX Arena. FTX also became the official exchange of Major League Baseball.
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