The newly created Angel City Football Club (ACFC) has signed a sponsorship agreement with crypto exchange platform Crypto.com (ACFC).

Crypto.com will become the team’s official cryptocurrency exchange platform, NFT marketplace, and one of the club’s founding partners following the announcement.

The cryptocurrency exchange will be the first to sponsor a women’s sports team as a result of the relationship.

“We’re thrilled to be joining ACFC as a founding partner, deepening our relationship with the City of Los Angeles while supporting a team that shares our values and is equally committed to helping people achieve financial independence and self-determination,” Kris Marszalek, co-founder and CEO of Crypto.com said.

The relationship will be used by Crypto.com to promote crypto, blockchain, and web3 technologies among Los Angeles enthusiasts, as well as providing financial education.

The ACFC is a newly formed women’s football team that will begin play in 2022. It will be the city of Los Angeles’ first women’s professional football team since the Los Angeles Sol of Women’s Professional Football shut down eleven years ago.

Crypto.com is continuing to grow its presence in Los Angeles, as the cryptocurrency exchange announced a $700 million naming rights deal with Anschutz Entertainment Group just last month.

The popular American professional basketball team Los Angeles Lakers play their home games at Staples Center, which is owned and operated by AEG.

Starting on Christmas Day, the multi-purpose arena will be renamed Crypto.com.

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