In response to a report on Monday by the New York Instances, the quarterback prodigy has already obtained the signing bonus from the Blockfolio endorsement deal in crypto.
Commenting on the deal, Sam Bankman-Fried, CEO of Blockfolio’s father or mother firm FTX, stated that Lawrence “was enthusiastic about crypto.”
In response to Bankman-Fried, Lawrence’s optimistic disposition in the direction of cryptocurrencies is what drew the corporate to the NFL prodigy including that FTX was seeking to promote its enterprise to mainstream audiences.
Certainly, FTX not too long ago secured a 19-year naming rights deal for the house area of the Nationwide Basketball Affiliation, NBA, franchise crew Miami Warmth. The $135 million deal will see the American Airways Enviornment renamed the FTX Enviornment till 2040.
Whereas the main points of Lawrence’s multi-year endorsement cope with Blockfolio haven’t been declared publicly, the NY Instances quoted an organization spokesperson who revealed that the preliminary signing bonus has already appreciated in worth in a bit over three days.
Elsewhere within the NFL, Kansas Metropolis Chiefs tight finish Sean Culkin is reportedly the primary NFL participant to obtain full wage funds in crypto.
In response to a report by Newsweek, Culkin will obtain his full $920,000 base-pay in biweekly installments from the Chiefs by way of the Visa-backed Bitcoin Lightning pockets platform Zap.
NFL star Russell Okung additionally makes use of Zap’s Strike platform to transform half of his $13 million wage to Bitcoin.
Like Okung, Culkin has additionally espoused Bitcoin’s suitability as a greater funding car than gold or actual property.
Talking to Newsweek, Culkin who is ready to star in his fifth NFL season says his Bitcoin (BTC) funding is for the “long-term.”