Inside the Crypto Bowl Kyle Lowry Matt Damon headline cryptocurrencys Super Bowl

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The cost to run a commercial in the Super Bowl is going up, and bitcoin prices are going down, but that hasn't  Josh Richardson Jersey stopped crypto exchanges from purchasing several ads during Super Bowl 56., there are going to be at least three crypto exchange companies running ads during the Super Bowl between the Bengals and Rams on Sunday, and another one carrying an ad in Canada. The spike in crypto ads during the game has reportedly led some online to term this year's game, the "Crypto Bowl."Frequent viewers of the NFL will have already seen several of the ads. Matt Damon gives a soliloquy from a spaceship. Tom Brady makes the world think he's being traded. Jimmy Butler has urged caution in a social media spot.When the Super Bowl comes around, ads about cryptocurrency are set to be among the most common seen on television. Here's what you need to know about them:MORE: There will be three different cryptocurrency commercials running during the Super Bowl. The Times reported that EToro, Crypto.com and FTX are each slated to run ads, while BitBuy, a Canadian-based cryptocurrency exchange, will run an ad in Canada., the most expensive in NFL  Trey Burke Jersey history, that could add up to $26 million spent just in advertising the brands. that Crypto.com wouldn't confirm whether Damon will appear in its Super Bowl commercial, Josh Green Jersey  and FTX wouldn't say if Brady, who owns stake in the company with his wife, Gisele Bndchen, will be in its ad.The FTX commercial will feature a giveaway of bitcoin. One of the teasers for the company said that it will give its time in bitcoin, meaning that if the ad runs at 9:10 p.m. ET, someone could win 9.1 bitcoin. said there will be four winners selected.BitBuy's ad featuring Lowry will see the NBA champion sit in a conference room having to watch a commercial with a voice-over that talks about all of the mi sed shots in his career."There are lot of conversations in the NBA talking about doing more in NFTs and cryptos," Lowry told CNN  Nate Hinton Jersey Busine s. "People are trying to figure it out and trying to learn."Bitbuy told CNN Busine s that it wants to reach an older audience than it has to this point. that the age range of 18 to 49 has been a prime demographic of crypto users.MORE:For those unfamiliar with the concept, Cryptocurrency is a digital currency based on cryptographic systems, . The site reports that the term, "crypto" itself is in reference to the encryptions that help protect the money.Much Steve Nash Jersey  of the appeal around the digital currency is that it is not i sued by a government and it is an easier way to transfer money. However, the market around cryptocurrency has been volatile. Stock for Bitcoin was as high as 67,566 back in November, and now sits around 42,685, .There have already been a number of big-name celebrities appear in commercials for the cryptocurrency.Damon has been one of the more prominent figures, as has Brady and Bndchen, but other celebrities like Neil Patrick Harris and Spike Lee have also been in the commercials.