The Houston Texans join a long list of cryptocurrency payment partnerships and agreements in the NFL, After signing an agreement with Texas-based cryptocurrency wallet providers BitWallet.
National Football League (NFL) team Houston Texans
National Football League (NFL) team Houston Texans has become the first organization in the league to sell single-game suites in exchange for cryptocurrencies.
The move is part of an agreement with Texas-based cryptocurrency company bitWallet, which became the team’s official cryptocurrency wallet provider on August 16.
bitWallet will also provide brokerage services by exchanging cryptos for cash for the Houston Texans.
According to an announcement from the Houston Texans, local digital marketing agency EWR Digital made the first purchase of a game suite using cryptocurrencies shortly after the offering was launched, making it the first time a game suite has been sold in exchange for digital assets in sports history.
It appears that the cryptocurrency offer is only for suites, as there has been no mention of the ability to purchase regular match day tickets with digital assets at this time.
A game suite refers to a luxurious private box at the stadium that is often decked out with buffets, expensive alcohol, restrooms, televisions, attendants, and a prime location to watch the game.
The Houston Texans website does not list the price of single-game or season-long suites, instead asking users to first submit a request to get one.
A single-game suite for the team can cost between $14,000 and $25,000.
bitWallet claims to support more than 160 countries and currently allows users to buy, sell or store Bitcoin, (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
NFL and the Web3
The Dallas Cowboys became the first NFL team to sign a sponsorship deal with a cryptocurrency company in April after Crypto.com signed on to be its official digital asset partner for a multi-year period.
The NFL and the NFL Players Association (NFLPA) also partnered with Blockchain Flow creators Dapper Labs in late 2021 to launch the official NFL All Day NFT collectibles project.
The deal also saw the NFL and NFLPA take an equity stake in Dapper, and the duo has likely gotten a fair share of the $36.8 million in sales NFL All Day has generated since February.
The league also has many cryptocurrency-friendly players who have opted to take a portion of their salary or contract bonuses in digital assets, including big names like Green Bay Packers star quarterback Aaron Rodgers, former LA Rams wide receiver Odell Beckham Jr. and Carolina Panthers quarterback Trevor Lawrence, who was the top pick in the 2021 draft.
Iconic quarterback Tom Brady has also dabbled in the space by launching his own NFT Autograph marketplace in April 2021, and also gave a fan 1 BTC (worth USD 62,000 at the time) to get the historic football of his 600th touchdown in October.
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