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The NFL bans athletes and football teams from advertising cryptocurrencies and NFT

According to recent reports, members of the National Football League (NFL) are no longer allowed to participate in certain activities related to cryptocurrencies.

The NFL bans athletes and football teams from advertising cryptocurrencies and NFT

The NFL bans athletes and football teams from advertising cryptocurrencies and NFT

The NFL has prohibited all teams from making endorsement deals with cryptocurrency projects and participating in the sale of non-fungible tokens (NFTs).

According to The Athletic, the League has restricted the sale of endorsements to cryptocurrency trading companies and NFTs until a strategy is established in this regard.

The move appears to respond to an NFL plan to establish its own strategy “for digital sports art and business cards”. A familiar source, who remained anonymous, informed about the new policies of the Sports League.

“Clubs are prohibited from selling, or allowing within club-controlled media, specific cryptocurrency advertisements, initial coin offerings, other cryptocurrency sales, or any other category of media as it relates to Blockchain, digital asset, or such as Blockchain company, except as described in this policy.”

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According to the report, the NFL will allow teams to discuss endorsement deals only with “investment advisory or fund management services” related to cryptocurrencies.

Likewise, the American football league has ruled out the creation or sale of NFT collections of its teams, at least for now, a fairly popular trend in the sports world today. For example, the NBA leads a successful digital collectibles sales project, NBA Top Shot.

Also soccer teams like Manchester City and Arsenal have launched their own NFTs.

Some NFL players have also shown their enthusiasm for technology. Pro athlete Saquon Barkley, who plays for the New York Giants, changed his Twitter bio this year to include Bitcoin.

Meanwhile, Sean Culkin, a player for the Kansas City Chiefs, this year became the first NFL athlete to convert his entire salary to crypto.

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