THE HASH: Crypto.com Reportedly Backs Out of $495M Sponsorship Deal; NFT Marketplace Royalty Payments Shake-up

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4.7 • 698 Ratings

🗓️ 1 September 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, Sept. 1, 2022. Crypto.com is backing out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, Europe’s elite soccer league, according to a report in SportBusiness. "The Hash" team discusses that, plus the popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry. See also: Crypto.com Pulls Plug on $495M Champions League Sponsorship Deal: Report An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas - This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast.
0:10.0	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world.
0:17.4	All on the hash for your ears.
0:20.7	You're listening to the Coin Desk Podcast Network.
0:25.4	Hey, everyone.
0:26.5	Happy Thursday.
0:27.4	It's the hash for your eyes, your ears, and your hearts.
0:32.5	I heard the young kids are making hearts different ways now, and I don't, I'm old.
0:36.4	So hearts.
0:39.9	There we go. Well, oh, I don't know what that is I'm pretty good I'm Jensenassie we got will Fawley and Zach Seward here today
0:45.7	Zach you got our first story what do you got a major shakeup the lawyers of crypto Twitter
0:52.2	a big old group of them are changing firms. Now, this is fun because
0:58.1	everyone loves a good lawyerly crypto Twitter thread. And these are some of the most prominent
1:02.9	lawyers of crypto Twitter. They're going from Anderson Kill to Brown Rudnick, which is perhaps
1:08.4	most famously known as the firm that represented Johnny Depp
1:11.0	against ex-wife Amber Heard most recently.
1:14.5	You're looking at Preston Byrne right there.
1:16.0	He's one of the lawyers who jumped ship.
1:17.8	Interesting to see this shift.
1:19.5	It kind of reminds me of like when a bunch of NBA superstars all link up and go to a new team.
1:25.0	That's what happened here.
1:26.5	It's crazy.
	...

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