SEO & Content Manager, SponsorPulse
We dig into the data to evaluate Crypto.com’s $175 million deal with the UFC. Find out what’s driving sponsor awareness and how UFC fans feel about the brand.
Crypto.com isn't sleeping on sponsorship and it shows.
The past year has seen a steady stream of partnership announcements from the cryptocurrency platform, including naming rights deals (goodbye, Staples Center) to high-profile celebrity endorsements (hello, Matt Damon).
But none has been as monumental as their deal with the UFC. The fight kit sponsorship, announced in July 2021, is one of the largest to date for the UFC. In addition to naming Crypto.com as its first-ever global fight kit partner, Crypto.com is also the UFC’s first official cryptocurrency platform partner.
Of course, such a strong presence comes with a price tag, and all told, the deal is estimated to cost $175M over the 10-year contract.
With such a healthy sponsorship investment, we want to know, is it paying off?
In just 6 months, Crypto.com has secured the 5th spot among UFC sponsors. Monster, Draft Kings, Harley Davidson, and Modelo take the top spots respectively. Equally of note, is Draft Kings, sitting at 65% sponsor awareness less than a year since signing the deal.
The initial momentum for Draft Kings could be an early indicator of awareness growth to come for Crypto.com. We could see the cryptocurrency platform edge their way into the top 3 given the initial traction they’re experiencing at the 6-month mark. We’ll just have to wait and see.
In addition to their branded presence on fight kit logos and in the octagon during all pay-per-view events, Crypto.com has also benefited from integrated brand content, which is proving to be the top awareness driver among UFC fans.
With three NFT collections in partnership with the UFC to date, it will be interesting to see how future drops continue to drive awareness as the NFT market continues to grow.
Looking at brand perception is probably one of the strongest indicators of success when measuring the effectiveness of the partnership between Crypto.com and the UFC. With 47% of engaged UFC fans believe that Crypto.com is accelerating the global adoption of crypto, it’s safe to say the sponsorship deal is making an impact.
While the initial results are looking good, it’s still early days for the partnership between Crypto.com and the UFC. A rocky week for Crypto.com leading up to UFC 270, after hackers made off with $30 in million bitcoin and Ethereum could have an impact on brand perception in months to come. On the flip side, sponsorship can be a great tool for brands as they overcome negative press.
Like many, we’re eager to see how this partnership plays out in the long term. After a promising first 6 months, we’ll continue to monitor the partnership’s overall effectiveness over time.
Ready to see how SponsorPulse can help you measure the effectiveness of your sponsorship investments? Book a demo with our team today.