World

Naomi Osaka Becomes Newest Crypto Ambassador of FTX

Tennis star Naomi Osaka has purchased a stake in FTX and will receive compensation in crypto, the Bahamas-based crypto exchange, one of the most valuable startups in the world. , said Monday.

The four-time Grand Slam champion has signed a long-term partnership agreement with FTX, in which Osaka will focus on bringing women into its crypto platform and will take an active role in directing and producing. output content.

FTX, the owner and operator of the crypto platform FTX.com, has been rapidly raising capital over the past year. SoftBank’s Vision Fund 2 invested $400 million in the company in January, a massive funding round that lifted FTX’s valuation to $32 billion.

Before investing in FTX, Osaka backed the salad chain Sweetgreen Inc. SG.N, which was listed in New York last year. She is also an advisor to a special purpose acquisition company, Disruptive Acquisition Corporation I DISA.O, along with other famous athletes such as Patrick Mahomes and Robert Lewandowski.


(Reporting by Sohini Podder in Bengaluru; Editing by Maju Samuel)

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