Coinbase Sponsorship Attracts Criticism From WNBA Admirers Amid Current market Collapse

Coinbase Sponsor WNBA

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Not everyone was thrilled by the news that Coinbase has teamed up with the WNBA. The Gals&#8217s National Basketball Association (WNBA) is a single of America’s most common sporting activities leagues. Still, a lot of basketball admirers ended up upset about their league partnering with a crypto trade corporation amid a marketplace crash.

Previous Oct, the US crypto brokerage promptly inking additional sponsorships throughout professional sporting activities became an official cryptocurrency system for NBA and WNBA. Now it has partnerships with Seattle Storm star Sue Hen and New York Liberty&#8217s Jewel Loyd.

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In accordance to the agreement, each individual WNBA player will be assigned a Coinbase wallet. Nowadays, the WNBA and Coinbase held a Twitter chat.  The New York Liberty&#8217s Betnijah Laney joined two workforce from Coinbase to go over crypto from a beginner&#8217s viewpoint. 

WNBA Enthusiasts&#8217 Remarks On Coinbase Sponsorship 

WNBA fans on Twitter are not delighted by these functions. Coinbase’s announcement tweet on Thursday afternoon was fulfilled with a wave of skeptical responses, ranging from the outright anger and calling it a “scam[atic] scheme” to other people expressing issue about the enterprise&#8217s 70% stock fall this yr. 

The WNBA has occur less than hearth in a single of the most negative tweets. The tweet reads

I hate that the WNBA is framing their dumb sponsored crypto chat as woman empowerment.

One Twitter person quoted an environmental worry with cryptocurrency in reply to the Seattle Storm group&#8217s tweet: &#8220This feels kinda gross from a team whose house location is literally termed the local climate pledge arena.&#8221 However, Sue Chook herself bought a admirer&#8217s reply declaring, &#8220crypto isn&#8217t good for the reason that it &#8216exploits ladies&#8217s sports and wildlife.&#8221

BTC is trading at $28,871 with a declining fee of 4.68% | Resource: BTC/USD Chart from Tradingview.com

Some people who like cryptocurrencies sneered at the partnership. One particular wrote on Twitter: &#8220The dudes in the remarks telling the crypto business they&#8217re as well great for women&#8217s sporting activities y&#8217all are pushing me into alcoholism.&#8221 An additional referred to as the partnership &#8220The perfect intersection of crypto dudes hating this since they do not like the WNBA and WNBA fans not liking this due to the fact it’s crypto.&#8221

Crypto promotions or sponsorships have been criticized numerous situations. A supporter of the NBA stated

Crypto is crashing, and sporting activities leagues [are] however receiving attached to them, hope they get all the money up front

Some followers termed the existing crypto offer illogical for WNBA for the reason that its financial posture has been disturbed.

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It&#8217s not only the WNBA acquiring criticized quite a few other sports groups are obtaining detrimental supporter responses for their partnerships with cryptocurrencies. For case in point, the Washington Nationals baseball team tweeted out a Terra-sponsored crypto publish very last 7 days, just as the Terra ecosystem was likely up in flames.

Even although we are in a &#8220Crypto Winter,&#8221 the sports bargains are not possible to quit. Organizations like Coinbase are expending large promoting dollars on getting their names out there to declare again some lost ground with new clients.

              Featured Graphic from Pixabay and Chart from tradingview.com

 



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