The name change marks the end of an era for the downtown Los Angeles stadium.
The 20,000-seat venue has been called the Staples Center, after the office supply chain, since opening its doors in 1999.
Details on how much Crypto.com, a Singapore-based crypto trading platform and non-fungible token marketplace, paid for its new namesake stadium in Los Angeles were not released. The deal was brokered by sports and live entertainment giant AEG Global Partnerships, which owns and operates the arena. "Known as the Creative Capital of the World, the city of Los Angeles and the people who call it home have always been pioneers, pushing the boundaries and innovating as the undeniable global leaders of culture and entertainment," Crypto.com co-founder and CEO Kris Marszalek, said in a statement Wednesday."We're very excited about partnering with AEG and investing long term in this city, starting with Crypto.
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