FTX Could Sponsor Miami NBA Stadium

The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA franchise. If finalized, it would be the first major sports stadium to be named after a cryptocurrency business.

Since the beginning of the COVID-19 pandemic, the City of Miami has dedicated itself to becoming a technological innovation hub. The Mayor, Francis Suarez, intends to create a Bitcoin utopia — a city in which the industry can grow, evolve and achieve its maximum potential. Alongside this, the city wants to expand its pool of technology industry talent.

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