NFL Stop Teams From Crypto-Related Adverts And NFT Sales

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.

- Advertisement -

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 “for sport digital trading cards and art” the new development was shared by an unknown NFL member familiar with the matter.

“clubs 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.”

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 “investment advisory and or fund management services” if their advert sponsorship rights are limited to promoting the company’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.

Previous Articles:

- Advertisement -

Latest News

Nissan Recalls 480,000 Vehicles; Stock Surges Despite Engine Issue

Nissan is recalling over 480,000 vehicles in the U.S. and Canada due to engine...

Bitcoin Risks $2.67B in Longs if Price Falls Below $108K Level

Bitcoin's price approaches its all-time high, with traders watching for signs of a breakout...

CrowdStrike Stock Hits Record High After Analysts Hike Price Target

CrowdStrike Holdings (CRWD) stock reached an all-time high with a gain of more than...

Amber International Raises $25.5M to Grow $100M Crypto Reserve Fund

Amber International Holding raised $25.5 million in a private placement to expand its $100...

Traders Flock to Hyperliquid Apps Amid Hopes for Airdrop Rewards

Investors are moving millions into projects on the Hyperliquid blockchain in hopes of future...

Must Read

Top 11 Hosting Providers To Buy VPS With Bitcoin And Cryptocurrency

As a full-time blogger with over 5 years of experience and running multiple niche websites, I have gained the necessary expertise when it comes...