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Staples Center Officially Becomes Crypto.com Arena -Breaking

by Mike Robinson

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Staples Center is officially transformed into a Crypto.com arena
  • The official name of Staple Center has been changed to Crypto.com Arena.
  • For its place on the arena’s stage, the cryptocurrency exchange forked out more than $700 millions.
  • Since 1999, Staple Center hosted many celebrities in entertainment and sport.

Los Angeles Lakers are celebrating Christmas with a brand new beginning. They’re ready for their first game in newly-named Crypto.com Arena. On Christmas, the building will change its name to Crypto.com Arena. The deal is believed to be one of the largest naming rights deals in sports history.

The team was unable to beat the San Antonio Spurs, scoring 138-110 at the Staples Center’s last event.

The crypto exchange and platform paid $700 million for the right to name the venue that hosted many famous entertainment and sports events. It opened its doors in 1999.

To erase the Staple Center’s name, signage, advertisements, and other details were also modified at the arena. L.A. fans have been affixing the name and location of an office-supply chain to the centre of the basketball universe since more than 20 years. This is their sentimental intention.

Moreover, the Lakers acknowledged the attachment and praised the name transition on Friday with a pregame video highlighting the team’s best moments in its arena. Fans were also given a commemorative ticket as well as a T-shirt in gold that duplicated the original shirt the Lakers gave away at the arena in the 2000 playoffs.

In a halftime ceremony, retired Lakers stars Byron Scott, Luke Walton, Robert Horry, Metta Sandiford-Artest, and Gary Payton stood around a Staples court emblem with the franchise’s six championship awards earned in this building.

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