When the cryptocurrency market was booming, sponsoring a Formula One racing team became something of a status symbol for digital asset companies.
But as Bloomberg News reported Monday (Nov. 7), as the crypto market has slowed, so too have those high-profile, high-price sponsorships.
The report notes that roughly 80% of Formula One teams have partnered with at least one crypto company, while Crypto.com has a $100 million deal with the…
