Kansas City player Sean Culkin is the first in the National Football League (NFL) to receive a 2021 salary of $ 920,000 in bitcoin.
Culkin called it "not the wisest financial decision." However, he added that he is counting on long-term investments.
Another footballer, Trevor Lawrence, has signed on with Blockfolio, a digital asset portfolio management service.
The contract provides for a "significant bonus" in cryptocurrency. The amount of the deal was not disclosed.
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“Once you start seeing names like Trevor Lawrence and famous people in the entertainment industry, the taboos are officially broken. People understand that the crypto industry is real,” said Sina Nader, CTO of FTX crypto exchange.
In August 2020, FTX bought Blockfolio for $ 150 million. Lawrence also agreed with the head of the trading platform, Sam Bankman-Freed, for a joint charitable donation of $100,000.
In late March, the FTX reached an agreement with Miami-Dade County authorities for a 19-year partnership to name the local NBA basketball club's home arena after its own.
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In December 2020, NFL player Russell Okung began automatically converting half of his $ 13 million annual salaries to Bitcoin.