Touchdown ๐Ÿˆ

Table of Contents

Touchdown

The NFL has always been a major player in advertising games. After all, millions of people across America tune in to watch the season as it leads up to big finally – the Superbowl. This yearโ€™s Superbowl was an advertising boom for cryptocurrency firms and centralized exchanges like Coinbase – who drew so many people to their website from a single ad that it crashed. Many in the space saw the move as progress to make crypto mainstream, acquiring some respect from those in the older generations or pushing total adoption from younger generations like GenZ. Even Tom Brady is a huge fan of crypto. Just last week he tweets to Ethereum’s creator, Vitalik Buterin, expressing his respect and admiration for Buterinโ€™s work. Surprisingly, Buterin didnโ€™t even know who Tom Brady was until a picture of him went viral for the similarity in their looks.

The NFL at large also seems to be embracing crypto with their latest move to grant teams limited permission to seek blockchain sponsorships announced Tuesday. The move was a partial reversal from late last summer, as the technology grows in popularity among the organizationโ€™s fans and athletes. In the NFLโ€™s announcement, they said they will allow โ€œpromotional relationships without undertaking excessive regulator or brand riskโ€. Restrictions remain for specific fan tokens, which can be exchanged for merchandise and experiences. What do you think about the NFL’s embracement of crypto? And could we see this in other sports leagues?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.