FTX Enters Strategic Partnership With Dreamfields to Provide FTX Card to Athletes
- The initial round of fundraising for FTX US valued the company at $8 billion.
- The athlete’s FTX US trading account is linked to the FTX card.
Dreamfield Sports and FTX, a cryptocurrency derivatives exchange, have teamed together to enable players to be paid in crypto. Students may make money off their Name, Image, and Likeness (or “NIL”) with Dreamfield.
Smart contracting events allow Dreamfield to link young athletes with commercial sponsors. Brands may pick the players they want to partner with via Dreamfield’s exchange.
2021 was a year of modest growth for the FTX index. The initial round of fundraising for FTX US valued the company at $8 billion. Athletes will be able to accept crypto payments and utilize the FTX card due to Dreamfield’s new cooperation. Major Division 1 college players and athletes from around the United States may participate through the Dreamfield platform.
Unique Fan Engagement and Exposure
The athlete’s FTX US trading account is linked to the FTX card (Swipe Visa Debit Card). The amount of the FTX US account will be debited for any payments made using the FTX card. Athletes may use their FTX cards to pay for products and services in this way. Dreamfield plans to provide consultancy and endorsements for its products. With the Dreamfield platform, one may use FTX Pay and FTX Card.
Dreamfield CEO Luis Pardilo said:
“This will be the first time that an athlete platform will be fully integrated on the blockchain for paying athletes in cryptocurrency directly into their FTX account. This is significant because through our comprehensive partnership with FTX we are bringing a totally new financial technology utility tool to Dreamfield and our athletes that they can use well beyond their playing days and into their professional endeavors, all while exposing fans to blockchain technology and NFT’s through unique fan engagement and experiences.”
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
