Despite announcing about 5% cuts in its workforce in June and the recent slump in the crypto market, crypto.com, the cryptocurrency exchange. The cryptocurrency continues to move forward with an agreement to revamp the Los Angeles stadium, formerly known as the Staples Center.
In a tweet on Monday, Crypto.com publishedAn artist’s render of some of the changes planned to bring.usein the iconic stadium In a “multi-million dollar campaign” before major esports teams start playing in 2022, including some renovations. with a new large screen including a balcony overlooking downtown Los Angeles.
The legacy continues Take an inside look at the new https://t.co/mht717OBXs Arena and step into the future
pic.twitter.com/P9zIUSD1Xg
— Crypto.com Arena (@cryptocomarena) August 22, 2022
Crypto.com signed a $700 million deal with course owner AEG in November 2021, giving Crypto.com naming rights to Crypto.com for 20 years.
Amid the market slump in June, Crypto.com CEO Kris Marszalek declare thatIt will cut 260 employees from the organization, or 5% of its total workforce at the time. The company also said in May it would reduce staking rewards for Cronos tokens (CROs) for all tiers of VISA prepaid cards, but Despite the restructuring But the exchange has gone on to gain regulatory approvals in South Korea, Italy, Cyprus and the UK.
The Khmer Crypto community’s reaction to this stadium update is mixed, like some people.imply thatThey were dissatisfied with the company’s decision to reduce the return on staking and others associated with the ad campaign.
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