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Staples Center Officially Becomes Crypto.com Arena

Staples Center Officially Becomes Crypto.com Arena Other Exchanges News
  • Staples Center officially changed its name to Crypto.com Arena.
  • The crypto exchange paid more than $700 million to put its name on the arena.
  • Staples Center has hosted several famous sports and entertainment since it opened in 1999.

Christmas day honors a new start for the Los Angeles Lakers. They are ready to play their first game in the newly-branded Crypto.com Arena. The building is changing its name to Crypto.com Arena on Christmas. It is said to be the richest naming ownership deal in sports history.

Meanwhile, the team failed to defeat the San Antonio Spurs with a score of 138-110 in the last event on Friday at Staples Center.

On the other hand, the crypto platform and exchange paid more than $700 million to put its name on the arena that has hosted numerous famous sports and entertainment events since it opened in 1999.

Furthermore, advertising boards, signs, and several details have been modified at the arena to obliterate the Staples Center name. This event has a sentimental intent to L.A. sports fans who have correlated the name of an office-supply retail chain with the center of the basketball universe for more than two decades.

Moreover, the Lakers acknowledged the attachment and praised the name transition on Friday with a pregame video highlighting the team’s best moments in its arena. Besides, fans got a commemorative ticket and a gold T-shirt duplicating the first shirt given away by the team at this arena during the 2000 playoffs.

In a halftime ceremony, retired Lakers stars Byron Scott, Luke Walton, Robert Horry, Metta Sandiford-Artest, and Gary Payton stood around a Staples court emblem with the franchise’s six championship awards earned in this building.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.