Cannes Lions
dentsu mcgarrybowen, New York / FTX / 2022
Awards:
Overview
Entries
Credits
Background
The past year has been a breakout for crypto. Corporations added cryptocurrency to balance sheets. A country adopted bitcoin as legal tender. Celebrities discovered NFTs. But work needed to be done to address the expected skepticism existing among consumers.
In its Super Bowl brand debut, the world’s largest crypto exchange, FTX, made a play to reach the masses and stimulate crypto conversation with an “anti-sponsor” and a PR campaign facing skeptics directly.
Objectives to drive a press target of 5B earned media impressions:
-Incentivize FTX site traffic, app downloads and increase social following, raise visibility for crypto and capture majority share of voice against competitors.
-Segment storytelling, targeting outlets across finance, business, ad trade, entertainment and national broadcast to make FTX an unmissable in media coverage and social chatter.
-Depart from the norm, withhold the full spot and all details of celeb spokesperson until in-game debut.
Idea
It’s hard to see the next big thing, even when it’s right in front of you. “Don’t Miss Out” follows eternal-skeptic Larry David as he passes on great invention after great invention, culminating in FTX, the safe and easy way to buy crypto. The film spans the spectrum of human achievement – from the wheel, the fork, the lightbulb…even the invention of America. And Larry is positive none of them, especially crypto, are ever going to pan out.
Strategy
Our insight was drawn from published research and history itself which gave us countless examples of innovation throughout time that was first faced with doubters and skeptics before it achieved mass adoption. We derived that innovation often sits at the intersection of too good to be real and too real to ignore. That leaves a lot of people in stasis, on the sidelines. Enter crypto.
In order to reach our campaign’s target audience of the crypto-curious and skeptics, the early adopters evangelizing crypto, and mainstream America, our challenge was to communicate that FTX is an open and safe place for crypto questions, exploration and adoption.
Execution
Larry had never created anything for a brand before, and during production he told us he never planned to. But when his show wrapped, he was looking to work on something funny, and to his surprise, he said the funniest project to come across his desk, was for FTX.
So he approached this like he would his show or a movie. He brought in his co-writer and director and together with the agency had five writing sessions with multiple drafts written in between. The plan was always to create a longer online film, in addition to the Super Bowl commercial.
To accomplish this, Larry doubled the shoot days to film more scenes and have more time for alt jokes and improv.
Larry was involved in the wardrobe, casting and production design. He was involved in the edit, as well as the music calls, VFX, mix, even the color grade sessions.
Outcome
Media:
31.7 billion earned media impressions
6,900k earned media placements
Rare sweep of top four US national broadcast morning shows Feb 14: Today Show, CBS Mornings, Good Morning America, and Fox & Friends.
MSNBC’s Morning Joe played long-form version on air, declaring “the best commercial of all time.”
285% more coverage than Crypto.com, 26% more than Coinbase Feb. 7-15.
More positive coverage than competitors: FTX 92% positive sentiment, Crypto.com 90%, Coinbase 84%.
Against competitors, received +683% more UVMs, +35% more articles, +30% more engagements, +42% more reach.
Post-game media coverage engagement outperformed competitors, 48% higher than Coinbase, 140% higher than Crypto.com
A second Today Show segment Feb 22, “Should you invest in cryptocurrency? What to know about digital currencies and investing safely” delivered on campaign promise.
Target Audience:
Received greatest number of new social followers Feb 13-14: FTX/150,211, Crypto.com/28,459, Coinbase/26,508.
Drove more engagement Feb. 14 with 90.5k engagements, 48% more than Coinbase and 140% more than Crypto.com
Consumers voted “Most Comical” Super Bowl Commercial in USA Today’s AdMeter
Generated second-most Super Bowl related tweets after Pepsi Halftime Show
Named “Retweet Rusher” by Twitter, receiving most in-game single post retweets
182k retweets of sweeps entry tweet, 126,838 sweepstakes entries
283,747 pre- and post-game conversation mentions Feb. 6-18
36M views + 2.022 comments of Larry’s Cut on YouTube
Business:
130% boost in app downloads Feb. 13
81% userbase growth increase Feb. 15
5.5x more next day site traffic than closest competitor
57.4% share of voice around Super Bowl ads compared to competitors