NFL reportedly ban teams from crypto ads and NFTS sales

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The United States National Football League (NFL) has reportedly banned all teams and members from crypto-related sponsorships and advertising, as well as sales of non-fungible tokens (NFTs).

According to a report from The Athletic, the NFL restricted the sale of sponsorships to cryptocurrency trading companies and NFTs until the league establishes a strategy for sports digital collectible cards and art. The new guidelines were shared by an anonymous NFL member familiar with the matter:

Clubs are prohibited from selling, or otherwise permitting in club-controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales, or any other category of media. in connection with blockchain, digital assets or as a blockchain company, except as stated in this policy.

Against the NFT and the token selling trends of traditional football teams such as PSV Eindhoven, Manchester City and Arsenal, as well as the National Basketball Association, the NFL has ruled out the creation or sale of NFT from team, at least for now.

The NFL official reportedly said teams would only be allowed to discuss sponsorship deals with crypto-related investment advice and / or fund management services if their advertising sponsorship rights were limited to promotion. of the company’s brands.

The NFL did not immediately respond to Cointelegraphs request for comment.

Related: NFL Saquon Barkley Converting Endorsements To BTC To Build Generational Wealth

Legendary footballer Lionel Messi, tennis star Naomi Osaka and other sports stars have already shown interest in crypto investments. On July 15, NFL star Saquon Barkley announced plans to convert his approval payments to Bitcoin (BTC).

Barkley cited inflation as one of the main reasons you can’t save wealth. That’s why I’m going to take my marketing money in Bitcoin, he said.

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