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NFL Bans Teams From Selling NFTs, Entering Sponsorship Deals with Crypto Trading Firms
Summary: The National Football League (NFL) is banning teams from selling non-fungible tokens (NFTs) and entering sponsorship deals with crypto trading firms for now. According to The Athletic, the league is imposing the temporary policy as it comes up with a strategy to enter the market for sports digital cards and arts. However, NFL teams can ...
The National Football League (NFL) is banning teams from selling non-fungible tokens (NFTs) and entering sponsorship deals with crypto trading firms for now. According to The Athletic, the league is imposing the temporary policy as it comes up with a strategy to enter the market for sports digital cards and arts. However, NFL teams can work with asset management firms selling funds that track the performance of crypto assets.
An unnamed team official reveals the NFL’s new guidelines involving the digital asset industry, “Clubs are prohibited from selling, or otherwise allowing within club controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any other media category as it relates to blockchain, digital asset or as blockchain company, except as outlined in this policy.”
By Amy Liu
Tags: Crypto,NFL,NFTs
Link: NFL Bans Teams From Selling NFTs, Entering Sponsorship Deals with Crypto Trading Firms [Copy]
