Trevor Lawrence, the presumed number one pick in the upcoming National Football League, or NFL, draft has signed an approval agreement with Blockfolio, the crypto wallet tracking platform.
According to a report from Monday by the New York Times, the quarterback’s prodigy has already received the signing bonus from the Blockfolio endorsement in crypto.
Commenting on the deal, Sam Bankman-Fried, CEO of Blockfolio’s parent company FTX, said Lawrence was “enthusiastic about crypto.”
According to Bankman-Fried, Lawrence’s positive attitude towards cryptocurrencies is what drew the company to the NFL prodigy, adding that FTX wanted to promote his company to the mainstream public.
Indeed, FTX recently signed a 19-year naming rights deal for the home arena of the National Basketball Association, NBA, franchise team Miami Heat. With the $ 135 million deal, the American Airlines Arena will be renamed the FTX Arena until 2040.
While the details of Lawrence’s multi-year approval agreement with Blockfolio have not been made public, the NY Times quoted a company spokesperson as revealing that the initial signing bonus has already increased in value in just over three days.
Elsewhere in the NFL, Kansas City Chiefs tight end Sean Culkin is reportedly the first NFL player to receive full salary payments in cryptocurrency.
According to a report from Newsweek, Culkin will receive his full base salary of $ 920,000 in biweekly installments from the Chiefs through Visa-backed Bitcoin Lightning wallet platform Zap.
NFL star Russell Okung also uses Zap’s Strike platform to convert half of his $ 13 million salary into Bitcoin.
Like Okung, Culkin has also embraced Bitcoin’s suitability as a better investment vehicle than gold or real estate.
Speaking to Newsweek, Culkin, who will star in his fifth NFL season, says his investment in Bitcoin (BTC) is for the “long term.”