This is a segment from The Drop newsletter. To read full editions, subscribe. Coinbase is now sponsoring Riot Games for the studio’s League of Legends and Valorant Esports global gaming events. The deal officially starts next month with two esports events in Canada. The first is the Valorant Masters event in Toronto June 7. Coinbase will also be part of the MSI 2025 esports tournament in Vancouver that runs June 27 until July 12. David Mulhall, Riot Games’ global head of esports partnerships and business development, called Coinbase a “perfect addition” to its list of brand partners and said the crypto firm can bring “engagement touchpoints and features that our global esports community appreciates.” Crypto, however, remains a polarizing and controversial topic among gamers, including League of Legends fans. Some gamers like it and some are open to it, while others absolutely despise it, as we’ve seen time and time again when non-crypto video games toy with the idea of crypto integrations or add NFTs to their titles. Coinbase is planning event activations, promotions, awards and other perks in the Riot deal, but the financial terms have not been disclosed. We do know that both parties are heavy hitters in their respective industries: Coinbase made $6.6 billion in revenue last year, while Riot made over $376 million in 2024. Coinbase has sponsored the NBA since 2021. The US exchange also sponsored esports organization Team Liquid (which itself struck a deal with Sui).