FLOW Usage During the NBA Playoffs
Q19. Analyze the NBA Conference Finals (May 17th- May 29th) and determine whether it had an impact on NBA Top Shot's volume.
Crypto deals help fuel NBA sponsorships to $1.6 billion in 2021-22 season
Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships consultancy.
That’s up 13% from the $1.4 billion in the 2020-21 season. In the 2018-19 season, the National Basketball Association raked in $1.2 billion in sponsorship money. Sponsorship agreements can include deals for arena-naming rights and for companies to put their names or logos on players’ jerseys.
“The cryptocurrency category’s sponsorship sending spree is like nothing we have ever seen before,” said said Peter Laatz, IEG’s global managing director.
Crypto partnerships are now the second most lucrative sponsorship category for the NBA, behind only the technology category. Among the NBA’s crypto deals this season was a league agreement with crypto trading platform Coinbase. CNBC reported that the deal is worth $192 million over four years.
Total daily amount
This chart shows the total daily amount.
According to the chart:
- There was significant growth on May 6th and May 19th.
- The highest amount was about 902K on May 6th.
- The least amount was about 54.5K on June 19th.
- With the beginning of the NBA Conference Finals on May 16th, total amount was raised.
**Source: **
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