According to a recent report, the National Football League (NFL) advised teams that they could not, at least for now, sell non-fungible tokens (NFTs) and sponsorships to digital currency companies. Advertisements for specific crypto assets were mentioned alongside initial coin offerings (ICOs), according to various club sources who remained anonymous.
Anonymous Club Sources Disclose the NFL’s New Policy
On Friday, The Athletic reported that sources familiar with the matter detail that the NFL is barring teams from participating in certain crypto ventures. The NFL’s alleged ban follows a great number of blockchain, NFT, and cryptocurrency endorsements from a number of star athletes and teams.
For instance, Tom Brady has shown his support for bitcoin with laser eyes, but he’s also started his own NFT company called Autograph. Brady and his Brazilian supermodel wife Gisele Bündchen also signed a long-term partnership with FTX.
But the seven-time Super Bowl champion is not the only one dipping into the crypto economy.