It has been reported that the quarterback prodigy has already received a signing bonus from the Blockfolio endorsement deal in crypto.
However, Sam Bankman-Fried (SBF), the CEO of Blockfolio parent company FTX, said that Lawrence “was excited about crypto.”
He said that Lawrence’s positive disposition toward cryptocurrencies is what drew the company to the NFL prodigy, adding that FTX was looking to promote its business to mainstream audiences.
The report said that FTX recently secured a 19-year naming rights deal for the home arena of the National Basketball Association franchise team theMiami Heat. The $135 million deal will see the American Airlines Arena renamed the FTX Arena until 2040. While the details of Lawrence’s multiyear endorsement deal with Blockfolio have not been declared publicly, the NYT quoted a company spokesperson who revealed that the initial signing bonus has already appreciated in value in a little over three days.
NFL wunderkind Trevor Lawrence signs endorsement deal with crypto portfolio tracking app Blockfolio. https://t.co/tTQbJsfHcU — Cointelegraph (@Cointelegraph) April 26, 2021
Likewise, in the NFL, Kansas City Chiefs tight end Sean Culkin is reportedly the first NFL player to receive full salary payments in crypto. Culkin will receive his full $920,000 base pay in biweekly installments from the Chiefs via the Visa-backed Bitcoin Lightning wallet platform Zap.
Like Okung, Culkin has also espoused Bitcoin’s suitability as a better investment vehicle than gold or real estate.
Thus, Culkin who is set to star in his fifth NFL season, says his Bitcoin (BTC) investment is for the “long-term.”