NewsNFL Stop Teams From Crypto-Related Adverts And NFT Sales

NFL Stop Teams From Crypto-Related Adverts And NFT Sales

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The United States National Football league has stopped all teams and members from crypto-related dealings, sponsorships, and advertisements. All the teams participating in the NFL have also been stopped from selling non-fungible tokens NFTs.

According to a report curated from the Athletic, the NFL barred the sale of sponsorships to crypto-related platforms and NFTs until the league builds a method โ€œfor sport digital trading cards and artโ€ the new development was shared by an unknown NFL member familiar with the matter.

โ€œclubs are prohibited from selling, or otherwise allowing within club-controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any media category as it relates to blockchain company, except as outlined in this policy.โ€

This trend started from mainstream soccer clubs and over the last weeks, we have seen PSV Eindhoven, Manchester City, Arsenal, and the National Basketball Association NBA ruling out creating or selling NFTs for now.

The NFL also made it clear that teams would only be allowed to discuss sponsorship deals with crypto-related โ€œinvestment advisory and or fund management servicesโ€ if their advert sponsorship rights are limited to promoting the companyโ€™s corporate brands.

Lionel Messi is one of the leading sports stars that have shown interest in crypto investments. We also have some NBA stars that have expressed their intentions over investing their hefty marketing money in Bitcoin.

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