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Home » Kraken Exchange Partners with Atletico de Madrid to Integrate Web3 and Sports

Kraken Exchange Partners with Atletico de Madrid to Integrate Web3 and Sports

Strategic Collaboration Unites Crypto and Football

Kelly Cromley by Kelly Cromley
Jul 11, 2024
in Market News, News
Reading Time: 3 mins read
0
kraken atletico de madrid web3 sports partnership

Kraken Exchange has revealed a new partnership with Atletico de Madrid Football Club, marking a significant alliance between the cryptocurrency and sports sectors. Through this partnership, Kraken will serve as the official crypto and Web3 partner for the prominent Spanish football club. Additionally, Kraken will become the Official Sleeve Partner for Atletico Madrid’s men’s and women’s teams, with its logo set to appear on the teams’ playing kits starting from the 2024/2025 season.

This collaboration aims to blend the realms of sports and Web3 technology, creating substantial opportunities for both Atletico Madrid fans and Kraken’s clients. The partnership signifies a strategic move to enhance the digital experience of football enthusiasts while promoting the potential of cryptocurrencies.

A Shared Vision of Innovation

Kraken’s Chief Marketing Officer, Mayur Gupta, conveyed that the partnership with Atletico de Madrid represents a chance to transform lives through a meticulous focus on processes. He emphasized Kraken’s journey over the past 13 years to become one of the most trusted crypto platforms and expressed excitement about collaborating with Atletico de Madrid to educate more people about the value and potential of cryptocurrencies.

Echoing Gupta’s sentiments, Atletico de Madrid’s Chief Revenue and Operating Officer, Óscar Mayo, highlighted the shared values of innovation and technology that underpin both organizations. Mayo expressed confidence that the partnership would provide fans with a digital experience that extends beyond matchdays at the stadium, reflecting a broader vision for integrating cutting-edge technology with traditional sports.

Kraken’s Continued Involvement in Sports

This partnership with Atletico de Madrid is not Kraken’s first foray into the sports world. Last August, Kraken collaborated with the Formula 1 racing team Williams Racing to launch a campaign that allowed fans to vote on the NFTs they wanted displayed on F1 cars during the US Grand Prix in October. This previous engagement underscores Kraken’s commitment to merging the digital and sports arenas, fostering greater interaction and engagement among fans.

We are excited to announce our partnership with @Atleti!

Together, we are advancing crypto adoption both on and off the pitch. Starting from the 2024/25 season, our logo will proudly appear on the sleeves of Atletico Madrid's playing kits. ❤️ 🤍 pic.twitter.com/IJKiLhf5dl

— Kraken Exchange (@krakenfx) July 10, 2024


Atletico de Madrid’s Fan Token Initiative

Atletico de Madrid has also been active in leveraging digital technology to enhance fan engagement. The club previously collaborated with Socios.com to issue the Atletico de Madrid Fan Token (ATM), a venture aimed at increasing fan interaction and participation. This initiative aligns with the club’s ongoing efforts to embrace innovative solutions and provide its supporters with unique digital experiences.

Enhancing the Digital Experience for Fans

The partnership between Kraken and Atletico de Madrid is set to introduce a range of digital innovations designed to enhance the fan experience. By integrating Web3 technology, the collaboration aims to provide Atletico Madrid supporters with new ways to engage with their favorite club. This includes opportunities to learn about and utilize cryptocurrencies, thereby bridging the gap between traditional sports fandom and the burgeoning world of digital assets.

Kraken’s involvement as the Official Sleeve Partner further solidifies its presence in the sports domain, bringing its brand directly into the public eye through the high visibility of Atletico Madrid’s playing kits. This strategic placement is expected to boost Kraken’s visibility and foster greater recognition of the benefits of cryptocurrency among a broad audience.

Future Prospects

As Kraken and Atletico de Madrid embark on this collaborative journey, both entities anticipate significant benefits for their respective communities. The integration of Web3 technology into the sports experience promises to create new avenues for engagement, education, and interaction. By leveraging their shared values of innovation and technology, Kraken and Atletico de Madrid aim to set a precedent for future collaborations between the crypto and sports sectors.

In summary, the partnership between Kraken Exchange and Atletico de Madrid represents a forward-thinking alliance that seeks to enhance the digital experience for football fans while promoting the adoption and understanding of cryptocurrencies. This collaboration highlights the potential for synergies between traditional sports and emerging digital technologies, paving the way for innovative fan experiences in the future.

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