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The UC Berkeley football field will be named after the cryptocurrency company FTX, which is the first university sponsorship in the United States

Berkeley, California (KGO) – Breaking News California Football Fans-The University of California at Berkeley has partnered with cryptocurrency company FTX to obtain the naming rights of their football stadium, which marks the first ever cryptocurrency university sponsorship agreement in the United States.

The California Memorial Stadium is a gem built on the fault line on the hillside above the campus of the University of California at Berkeley in 1923 to commemorate the Californians who died in the First World War.

It was renovated by an earthquake 10 years ago, and now it has been renamed.

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In order to break the record, starting from the first home game on September 4, this venue will be called the FTX venue. The stadium itself will remain the California Memorial Stadium.

Cryptocurrency giant FTX is paying $17.5 million in cryptocurrency to the University of California, Berkeley for naming rights.

Joe Mulford, Chief Revenue Officer of the University of California, Berkeley, said: “This money will go directly to the bottom line of our sports department. We will use it to fund student athletes and our mission. FTX is a world leader. One of the largest cryptocurrency companies.” Ministry of Sports.

The chief operating officer of the department was a member of the California Golden Bears during his undergraduate years.

Now, in the 10-year contract, the FTX logo will be displayed on the 20-yard and 30-yard lines of the stadium, media banners and social media.

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“We are at the forefront of technology in the Bay Area. We are proud of this at the University of California, Berkeley. We are the first. As you said, they have also established partnerships with the Miami Heat, Major League Baseball, and Tom The relationship with Brady is just a few examples,” Mulford said.

FTX has pledged to support Cal Veterans Group and its program to help the homeless.

At home, California fans said they were fine.

“For me, as long as they don’t rename the entire stadium, I can accept it. As long as it remains the California Memorial Stadium, I think everything is fine,” said student Sarah Parkes.

The new official name is FTX Stadium at California Memorial Stadium.

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