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CoinDesk Consensus

Matt Damon said he raised money for Water.org by promoting Crypto.com.

Water.org It is a non-profit organization that aims to “bring water and sanitation to the world”.there is a program in Bangladesh, Brazil, Cambodia, India, Indonesia, Kenya, Mexico, Peru, Philippines, Tanzania, Uganda.

Damon Traveling the world in the late 80’s brought him to extreme poverty, which he said motivated him to take action.

He believes that solving poverty starts with improving the substandard water and sanitation facilities that are prevalent in many developing countries. In 2009, he co-founded Water.org with public health expert Gary White.

Damon donates ad dollars

Attending the premiere of his latest movie Air in Los Angeles on March 27th, Associated Press I asked Damon about the sponsorship by Crypto.com.

The A-lister said he agreed to do a Crypto.com commercial based on supporting Water.org, which had a “bad year.”

“I did that commercial to raise money for Water.org.”

Damon added that all payments received for doing the commercial were donated to charity. he is very grateful for this.

“Crypto.com heard about it and donated $1 million to Water.org.

air Newcomer Michael Jordan details the story of working with a fledgling shoe company to build a culturally significant brand. Damon took the role of his executive in marketing for Nike. Sonny Vaccarosigned Jordan in 1984, separating him from Adidas and Converse.

Crypto.com Accused of Waste

The now infamous ““Fortune prefers bold” ads exploded as macro conditions tightened and the crypto contagion spread across the industry.Companies cutting staff to survive the crisis.

In January 2023, Crypto.com announced it was going away. 20% Reduced headcount from an estimated 3,600 to 4,500. There were two layoffs last year.

Crypto.com CEO Kris Marszalek said the company’s growth project was overly ambitious and did not consider contagion risk and “negative economic development”.

June 2022 Binance CEO Zhao Changpeng The threat of overspending on advertising put rival exchanges in a tough spot.

“It wasn’t easy to say no to the Super Bowl ads, stadium naming rights and big sponsorship deals a few months ago, but we did.”

By Jules

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