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Staples Center Los Angeles will be renamed Crypto.com Arena
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cointelegraph.comStaples Center will now be known as Crypto.com Arena, after an agreement with its owner AEG.
Staples Center is a multi-purpose arena that has been home to numerous public events including boxing and basketball competitions, as well as concerts and hockey. It's also been the home of the NBA's Los Angeles Clippers and Los Angeles Lakers, as well as the NHL's Los Angeles Kings, and the WNBA's Los Angeles Sparks.
Crypto.com purchased the naming rights to AEG for $700 million over 20 years, according to an announcement. In 1999, Staples paid $100 million for 10 years' worth of naming rights.
AEG is a multinational sports and entertainment company that owns several facilities, as well as sports franchises.
On Christmas Day, the NBA's Los Angeles
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Crypto.com coin has surged 91% since the exchange secured the naming rights to the home of the LA Lakers markets.businessinsider.com /2 years ago
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