World

Bitcoin

Crypto.com has been announced as the title sponsor for the upcoming Crypto.com Showdown, a professional golf tournament featuring a prize purse paid entirely in cryptocurrency.
The event, scheduled for Dec. 17, in Las Vegas, will feature PGA Tour stars Rory McIlroy and Scottie Scheffler competing against LIV Golf players Bryson DeChambeau and Brooks Koepka, according to a press release shared with crypto.news.
The tournament will award a multimillion-dollar prize in CRO (<a href="https://crypto.news/price/cronos/" target="_blank" rel="noopener noreferrer nofollow">CRO</a>), the native token of <a href="https://crypto.news/tag/crypto.com/" target="_blank" rel="noopener noreferrer nofollow">Crypto.com</a>. This marks the first instance of a major sports competition offering a prize purse entirely in cryptocurrency.&nbsp;
Crypto.com CEO Kris Marzalek stated that the sponsorship reflects the company’s mission to drive global cryptocurrency adoption.
“This tournament demonstrates the potential of cryptocurrency to reshape the sports and entertainment industries,” Marzalek said.
The event is organized by BZ Entertainment and EverWonder Studio, known for creating innovative sports and entertainment experiences. Producers Bryan Zuriff and Ian Orefice highlighted the Showdown’s aim to “unify and innovate” professional golf while delivering high stakes for both players and fans.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/kraken-to-close-nft-marketplace-by-february-2025/"> Kraken to close NFT marketplace by February 2025 </a>
<h2 class="wp-block-heading" id="crypto-prize">Crypto prize</h2>
While cryptocurrency adoption in sports is increasing, this tournament represents a pioneering move by integrating crypto into prize distribution.
Crypto.com has bolstered its global sports presence through partnerships with Formula 1, UFC, and the FIFA World Cup. With over 100 million users, the platform continues positioning itself as a leader in crypto by engaging mainstream audiences.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-reserve-bill-introduced-in-brazils-congress/"> Bitcoin reserve bill introduced in Brazil’s Congress </a>

Crypto.com sponsors first golf tournament with crypto prize

Table of Contents

crypto.news

Other articles published on Nov 27, 2024

MicroStrategy stock, $MSTR, just fell a massive -35% from its peak on November 21st

CryptoQuant CEO Sees No FOMO in Retail Bitcoin Activity Despite Price Fluctuations

Could Bitcoin’s $95,000 Resistance Break Lead to a Six-Figure Run

Coinbase Breaks Bad News for One of the Most Talked Altcoins of the 2021 Bull – Those Who Don’t W...

Binance Futures Launches MORPHOUSDT and CHILLGUYUSDT Perpetual Contracts

Pennsylvania House of Representatives Introduces Bill to Hold Bitcoin as Reserve Asset

Join our free newsletter for daily crypto updates!