Crypto Exchange Buys Memorial Stadium Naming Rights

10,840 Views | 84 Replies | Last: 3 yr ago by Cal8488
edwinbear
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https://www.bloomberg.com/news/articles/2021-08-23/ftx-crypto-exchange-buys-cal-memorial-stadium-naming-rights

Bears will be playing on "FTX Field" for 10 years.
oski003
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edwinbear said:

https://www.bloomberg.com/news/articles/2021-08-23/ftx-crypto-exchange-buys-cal-memorial-stadium-naming-rights

Bears will be playing on "FTX Field" for 10 years.


Kabam!
OskiBear11Math
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Didn't Kabam's founder donate 25 million to Haas after he sold his company? If this deal results in something similar for Cal, it will be a huge success.
91Cal
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Great to see! The Golden Bear connections run deep!
Chapman_is_Gone
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could be worse
CalGB94
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They also sponsor MLB Umpires, they all wear patches on their uniforms.
Cal89
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On FTX now actually. Wish they had Cardano (ADA) though, where I'm making some serious bank... A Berkeley outfit, happy to say!
Sig test...
Cal89
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Chapman_is_Gone said:

could be worse
Lordy, it could be a lot worse. In the land of crypto, FTX is a rising star, just like our Cal Bears. I'm elated about this relationship; and I'm certain that with increased crypto asset adoption, more will feel the same.
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ColoradoBear
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CalGB94 said:

They also sponsor MLB Umpires, they all wear patches on their uniforms.


I was wondering who the hell FTX was since those logo just recently popped up on the umpires uniforms. Ut not enough to Google FTX until now...

That deal goes beyond just the umpires uniform and includes marketing on many different MLB platforms.

The Heat/Miami-Dade County have an arena deal with FTX for $135 million/19 years.

So seems like a decently reputable deal with a SF based startup. So when are they giving away doge coin to the first 10k fans instead of bobbeheads?





BearoutEast67
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Do we get paid in Monopoly money?
Donate to Cal's NIL at https://calegends.com/donation/
Cal89
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BearoutEast67 said:

Do we get paid in Monopoly money?
Nope! That the beauty of this deal. No fiat ponzi for our University.
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Cal89
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ColoradoBear said:

CalGB94 said:

They also sponsor MLB Umpires, they all wear patches on their uniforms.


I was wondering who the hell FTX was since those logo just recently popped up on the umpires uniforms. Ut not enough to Google FTX until now...

That deal goes beyond just the umpires uniform and includes marketing on many different MLB platforms.

The Heat/Miami-Dade County have an arena deal with FTX for $135 million/19 years.

So seems like a decently reputable deal with a SF based startup. So when are they giving away doge coin to the first 10k fans instead of bobbeheads?






DOGE, not a fan, as well as with vast majority of 8k+ "coins" out there. Won't touch them. Given DOGE's backing and numbers, it will seemingly do well though. There are much more compelling projects to choose from. It's sort of like the early days of the internet, with tons of upside for the winners. If Cal saddles-up with BTC, ETH, SOL and MATIC, all on the FTX exchange, IMO, they will be rewarded quite nicely.
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bearister
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Chapman_is_Gone said:

could be worse

Massengill got out bid again.
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
Unit2Sucks
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Interesting, hadn't heard of FTX until recently but have been talking to some people who work/worked there, including a Cal friend of mine.

I am not that deep into crypto but someone I know who is believes that FTX's founder/CEO is the real deal and that FTX is going to do really well. If so, this could be a nice association.
LunchTime
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BearoutEast67 said:

Do we get paid in Monopoly money?
With inflation what it is, yes.

The good news is, soon the stadium debt can be paid off with by turning in a marble down at the bank...



Jokes aside, call the field whatever they want. Its great to have another Cal connection, but its better to have CMS unmolested by selling field naming, so I am happy with it. Also looks like the logo doesnt clash with our brand. Like Toyota and Coke
ferCALgm2
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So if Cal got paid in FTX crypto and we wanted to help... should we buy FTX and turn to Reddit to hype FTX to help the value go up? Half joking...

To the moon!
Cal Football. It just means more.
metabear
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BearoutEast67 said:

Do we get paid in Monopoly money?
Apparently.

Quote:

On behalf of the university, Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency.
Cal89
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Unit2Sucks said:

Interesting, hadn't heard of FTX until recently but have been talking to some people who work/worked there, including a Cal friend of mine.

I am not that deep into crypto but someone I know who is believes that FTX's founder/CEO is the real deal and that FTX is going to do really well. If so, this could be a nice association.
Being somewhat compelled into accepting an early retirement package in Jan of this year, on my long to-do list was to thoroughly educate my ignorant, skeptical self on Bitcoin and crypto in general. In recent years, especially after some very smart people I admire did a 180 on Bitcoin, now fully embracing it along with the promise and potential of crypto assets and the blockchain, I realized the importance of dedicating some serious time to learn as much as I can...

I've probably spent a combined 300 hours reading and doing research. As an avid investor since my teenage years, I'm hooked. This is some radical technology that will be revolutionary. If there's one book I'd most recommend, it's The Bitcoin Standard: The Decentralized Alternative to Central Banking. For less than 20 USD, well worth it...

Sam Bankman-Fried is pretty impressive alright. Crypto is hot, will get hotter, and FTX is a making a name for itself. Funny, this topic got a mention during one of the shows I follow:

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JimSox
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Wait a minute. The field, not the stadium, right? It's still California Memorial Stadium?
parentswerebears
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Amen!
BearForce2
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The difference between a right wing conspiracy and the truth is about 20 months.
Cal89
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metabear said:

BearoutEast67 said:

Do we get paid in Monopoly money?
Apparently.

Quote:

On behalf of the university, Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency.

About a week back was the 50th anniversary (Nixon) of the US going-off the gold standard. As a kid who took his weekly allowance to the local coin shops to purchase world currencies, I collected money from over 100 different countries before I traveled outside the US for the first time. I've long been fascinated by the concept and valuation of money. A ten dollar bill, for example, was worth its value in gold. No longer...

The world, and more recently the US has been printing money at rates never seen before. Nearly 40% of the dollars ever printed were put into circulation this past year. Our dollars are worth less and less because of such, and with no gold backing, it's all about the full faith and trust of our government. Yup, "I'm from the Government and I'm here to help.", those guys... Monopoly money, funny money? Yes, our USD. The whims of centralized fiat currencies served as the impetus for Bitcoin and all that follows.

Bitcoin and crypto are increasingly being added to balance sheets, becoming legal tender, crypto ETFs are being created, tech companies hiring crypto experts like crazy, big money is getting more on-board, even the likes of Suze Orman are recommending a longterm position in Bitcoin.

I'm in, and even put 25% of my Roth IRA into BTC and other crypto assets a month or so back. Preliminary returns have been astounding... The aforementioned Cardano (ADA) is about to hit 3 bucks as I type. Was a buck, about month ago. I encourage anyone to read-up on Cardano all that it will be able to do. It's launching smart contracts on 12 Sep 2021.

Super excited to see Cal's relationship with FTX-US!
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edwinbear
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Quote:

Do we get paid in Monopoly money?

Yes, I assume Cal is getting paid in USD.
edwinbear
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Quote:

I'm in, and even put 25% of my Roth IRA into BTC and other crypto assets a month or so back. Preliminary returns have been astounding... The aforementioned Cardano (ADA) is about to hit 3 bucks as I type. Was a buck, about month ago. I encourage anyone to read-up on Cardano all that it will be able to do. It's launching smart contracts on 12 Sep 2021.


2014 Bitcoin OG here. Don't be surprised if soon our bears are playing games in Edwinbear Memorial Stadium.
edwinbear
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metabear said:

BearoutEast67 said:

Do we get paid in Monopoly money?
Apparently.

Quote:

On behalf of the university, Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency.

Once you understand, you'll see how the monopoly money is the USD.
Cal89
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edwinbear said:

Quote:

I'm in, and even put 25% of my Roth IRA into BTC and other crypto assets a month or so back. Preliminary returns have been astounding... The aforementioned Cardano (ADA) is about to hit 3 bucks as I type. Was a buck, about month ago. I encourage anyone to read-up on Cardano all that it will be able to do. It's launching smart contracts on 12 Sep 2021.


2014 Bitcoin OG here. Don't be surprised if soon our bears are playing games in Edwinbear Memorial Stadium.
Love it, and congrats. Wish I made the time 7 years ago as I did 7 months ago! Quite envious...

But, so glad I finally did my due diligence and finally got some skin in the game. I began charting about 10 or so crypto assets in late April and got some pretty darn good entries, including in several low spots last month. Really curious where this current cycle take us from here...

It is believed that only about 17% of Americans own Bitcoin, and just over 1% of the world's population. It's still relatively early. Glad to see Cal's recognition.
Sig test...
Bobodeluxe
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Giggles.
ColoradoBear
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edwinbear said:

Quote:

I'm in, and even put 25% of my Roth IRA into BTC and other crypto assets a month or so back. Preliminary returns have been astounding... The aforementioned Cardano (ADA) is about to hit 3 bucks as I type. Was a buck, about month ago. I encourage anyone to read-up on Cardano all that it will be able to do. It's launching smart contracts on 12 Sep 2021.


2014 Bitcoin OG here. Don't be surprised if soon our bears are playing games in Edwinbear Memorial Stadium.


Hope you sold a chunk in 2021...
cal93
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This is a funny thread to read in January 2023
BearoutEast67
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BearoutEast67 said:

Do we get paid in Monopoly money?
They call me Nostradamus.
Donate to Cal's NIL at https://calegends.com/donation/
DonnieMcCleskey
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Cal89 said:

Unit2Sucks said:

Interesting, hadn't heard of FTX until recently but have been talking to some people who work/worked there, including a Cal friend of mine.

I am not that deep into crypto but someone I know who is believes that FTX's founder/CEO is the real deal and that FTX is going to do really well. If so, this could be a nice association.

Sam Bankman-Fried is pretty impressive alright. Crypto is hot, will get hotter, and FTX is a making a name for itself.
FTX definitely made a name for itself. Yikes
ColoradoBear
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ColoradoBear said:

CalGB94 said:

They also sponsor MLB Umpires, they all wear patches on their uniforms.


So seems like a decently reputable deal with a SF based startup. So when are they giving away doge coin to the first 10k fans instead of bobbeheads?




Didn't realize that SBF was a son of a Furd(s). Never trust a Furd or their offspring.
CalBearinLA
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not only that...son of Furdie professors of law

https://law.stanford.edu/directory/joseph-bankman/

https://law.stanford.edu/directory/barbara-fried/
75bear
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I really hope most people didn't have their savings in crypto.
calumnus
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edwinbear said:

metabear said:

BearoutEast67 said:

Do we get paid in Monopoly money?
Apparently.

Quote:

On behalf of the university, Learfield, the multimedia rightsholder of Cal Athletics, will accept payment in cryptocurrency.

Once you understand, you'll see how the monopoly money is the USD.


The USD has been appreciating against world currencies. Just spent two weeks in Japan and it was the cheapest I have ever seen it in 40 years after the exchange rate.
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