Business NewsGaming News

Riot Games seeks to end the sponsorship with FTX

Riot Games, the gaming studio where League of Legends was born, had signed an exclusive sponsorship deal with FTX back in August 2021, for a 7-year duration, and $12 million per year.
Due to the recent events and the collapse of the exchange, Riot Games is now seeking permission to put an end to this sponsorship and be allowed to look for another cryptocurrency partner. Out of the $12.5 million that the gaming company was supposed to receive from FTX, only half had been paid to Riot Games. The company now hopes to end the unfruitful relationship which could cause further harm to its brand.

Stay ahead of the game with our Crypto News.
Boost your knowledge about Crypto with our Crypto Encyclopedia.


Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
Back to top button