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

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

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”