Staples Center will be renamed Crypto.com Arena. What is Crypto.com?

In what many would consider a win for cryptocurrency fans, the legendary Staples Center in Los Angeles will soon be renamed Crypto.com Arena.

• No, we’re not kidding.

The switch from Staples Center to Crypto.com Arena will become official on Christmas Day.

• Per NBA reporter Shams Charania, the name change is “believed to be the largest U.S. venue naming rights deal to date.”

What is Crypto.com?

Crypto.com is a website that allows you to buy, sell and pay with cryptocurrency. The website allows you to buy all forms of crypto, including Bitcoin, Ethereum, Dogecoin and Polkadot, among many others.

What is cryptocurrency?

Good question, and one we’ve written about before. So cryptocurrencies are decentralized digital currencies that can be used to buy and sell things on the internet, at least for some stores and markets. Cryptocurrency tokens have a tendency to rise in value over time, making them investment opportunities for people. Crypto coins are all digital and not physical.

Of course, cryptocurrencies represent a high risk for investing. The markets are often volatile and there are occasional scams.

The best memes about Crypto.com Arena

So it turns out that the internet decided to have some fun with the name change for Crypto.com Arena. After all, the venue will host the Los Angeles Lakers, which has legendary superstar LeBron James on their team. James has often been a source of internet meme culture, so the pairing seemed fitting.

Here are some of the best memes from the internet about the name change.