The United States’ National Football League (NFL) has banned all teams and members from cryptocurrency-related sponsorships and advertisements., as well as the sale of non-fungible tokens (NFT).
According to a report de The Athletic, The NFL has restricted the sale of endorsements to cryptocurrency trading companies and NFTs until the league establishes a strategy “for sports and art digital trading cards.”. The new guidelines were shared by an anonymous NFL member familiar with the matter:
“Clubs are prohibited from selling, or otherwise allowing within club-controlled media, specific cryptocurrency advertisements, initial coin offerings, other cryptocurrency sales, or any other category of media in regards to blockchain, digital asset. or as a blockchain company, except as stated in this policy. “
Going against the selling trends of NFT and conventional football team tokens like the PSV Eindhoven, Manchester City and the Arsenal, as well as the National Basketball Association, the NFL has ruled out the creation or sale of team NFTs, at least for now.
The NFL official said that a teams would only be allowed to discuss endorsement deals with cryptocurrency-related “investment advisory and or fund management services” if their ad sponsorship rights are limited to promoting the company’s corporate brands.
The NFL did not immediately respond to Cointelegraph’s request for comment.
The legendary footballer Lionel Messi, the tennis star Naomi Osaka and other sports stars have previously shown interest in crypto investments. On July 15, the NFL star Saquon Barkley shared his intention to convert your sponsorship payments to Bitcoin (BTC).
Barkley cited inflation as one of the main reasons why money cannot be saved. “That is why I am going to convert my marketing money into Bitcoin,” he said.
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