Although there is a pessimistic atmosphere in the cryptocurrency market for now, breakthrough news continues to come. These developments are also important for the acceptance of the crypto world. Algorand, the altcoin project that has come to the fore with the partnerships it has established, will this time work with CDP Venture Capital and Microsoft to launch a fund. Elsewhere, Polkadot is pursuing a deal with Lionel Messi’s team, Inter Miami!
Algorand (ALGO), Microsoft and CDP partnership is launching a fund!
CDP Venture Capital is collaborating with Microsoft and Algorand. The parties will launch a new investment fund called Frontech Accelerator within the scope of this partnership. The $7 million fund will focus on artificial intelligence (AI), Web3 and metaverse projects. It will also have the potential to increase funding in the future.
Algorand and Microsoft will support the fund through the AI LAB program, which aims to encourage the adoption of artificial intelligence by businesses. Agostino Scornajenchi, CEO and managing director of CDP Venture Capital, stated that artificial intelligence, especially generative AI, will be a transformative technology that can revolutionize all markets in the coming decades, similar to the evolution of the internet. Italy is preparing to play a very important role in this field and regain its competitiveness. In this context, it supports projects with promising potential.
This altcoin is pursuing a sponsorship deal with Inter Miami!
The community of altcoin project Polkadot has made a number of sports-related marketing moves. With these moves, the community aims to increase the popularity of Blockchain. They are now exploring a significant $8.8 million sponsorship opportunity with Lionel Messi’s Inter Miami Football Club. This move aims to strategically showcase the capabilities of the Polkadot ecosystem. To do this, it aims to take advantage of the football club’s wide global reach and exposure.
It also represents the Polkadot community’s latest strategic effort to expand the blockchain network’s visibility beyond the crypto industry through sports-related marketing efforts.
Offer includes training jersey sponsorship!
According to the proposal, sponsorship will cover the 2024 and 2025 seasons. Additionally, Inter Miami will feature the altcoin project’s branding on its training kits. In this context, the proposal includes the following points:
Training kit sponsorships have become one of the most sought-after assets of the premier football club sponsorship inventory. This is because of the way fans consume content on digital channels. Much of this content is from the training ground, giving fans access to behind-the-scenes content 24/7, always on.
cryptokoin.comAs you can follow from , sponsorship agreements of altcoin projects with sports clubs are not new. If the offer is accepted, Polkadot will join the companies related to cryptocurrencies that support the training jerseys of football teams. In the English Premier League, crypto exchange OKX has a £20 million deal with Manchester City. Additionally, blockchain network Tezos also has a sponsorship deal with Manchester United. Meanwhile, in community voting, nearly 70% of votes support the initiative. This indicates strong support for the proposal.
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