Manchester City, a Premier League football team, announced that they would be collaborating with OKX. This would be the Premier League winners’ second journey into the Metaverse.
While the deal’s specifics have yet to be released, it will almost certainly be a multi-year relationship.
OKX is the second-largest crypto exchange by derivatives volume while being the eighth largest by spot trading volume.
Manchester city chose OKX over other exchanges
OKX demonstrates why Manchester City picked it by processing over $20 trillion in the previous 24 hours.
OKX has signed on as the football club’s official cryptocurrency exchange partner and will cover the club’s esports activities as well as the Men’s and Women’s teams.
They will have a presence at the Etihad Stadium, home of the Manchester City football team, as part of the arrangement.
In addition, the Academy Stadium will host a cryptocurrency exchange. Both stadiums will thrust OKX into the general public, with capacities of 55,000 and 7,000, respectively.
According to Forbes, the football club is valued at $4 billion after winning five Premier League titles, making this arrangement worth millions of dollars every year.
On the other hand, Manchester City recognizes the growing relevance of cryptocurrency among supporters and the general public. As a result, the football team intends to make as much use of cryptocurrency as feasible.
The team struck a three-year deal with Sony to bring football to the Metaverse last month. Manchester City was allowed to create a virtual Etihad Stadium in the Metaverse as a result of the transaction.
In addition to an in-stadium presence throughout the Etihad Stadium and Academy Stadium, the new partners will cooperate on various special events for OKX’s worldwide client base. The new partners will also work together to develop future innovative initiatives.
“We are happy to welcome OKX as an Official Partner of Manchester City today as they strive to delve into the world of sports,” stated Roel De Vries, Chief Operating Officer, City Football Group.”
“Our common principles of innovation, desire for success, and being at the forefront of our respective sectors are all reflected in this new cooperation. Their broad and inclusive approach to reaching out to a varied audience is similar to ours. We are excited to collaborate throughout the cooperation.”