The Houston Texans become the first NFL team to sell game suites with cryptocurrencies

The National Football League (NFL) team Houston Texans has become the first organization in the league to sell single-game suites for cryptocurrency.

The move is part of an agreement with Texas-based cryptocurrency firm bitWallet, which since August 16 he turned at the official team crypto wallet provider. bitWallet will also provide brokerage services when exchanging crypto for cash for the Houston Texans.

According to an announcement from the Houston Texans, the local digital marketing agency EWR Digital made the first purchase of a match suite using cryptocurrencies, shortly after the offer was launched, making it the first time a match suite had been sold for digital assets in sports history.

It seems that the cryptocurrency offer is only for the suites, as there has been no mention of the possibility of buying regular matchday tickets with digital assets at this time.

A gaming suite refers to a lavish private box in the stadium that is often decked out with buffets, expensive alcohol, restrooms, televisions, attendees, and a prime location to watch the game.

The Houston Texans’ website doesn’t list the price of suites for a single game or the entire season, but asks users to first submit a request to get one. From The Seat calculate that a suite for a single team game can cost between $14,000 and $25,000.

bitWallet claims to be compatible with more than 160 countries and currently allows users to buy, sell or store Bitcoin, (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

NFL, cryptocurrencies and blockchain

The Dallas Cowboys became the first NFL team to sign a agreement sponsorship with a cryptocurrency company in April, after signed on to be its official digital asset partner for a period of several years.

The NFL and the NFL Players Association (NFLPA) have also partnered with the creators of Blockchain Flow, 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, with the duo likely getting a fair share of the $36.8 million in sales NFL All Day has made. generated since February.

The league also has many players friends of cryptocurrencies who have chosen 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, also giving a fan 1 BTC (worth $62,000 at the time) to get the historic soccer ball. his 600th touchdown in October.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

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The Houston Texans become the first NFL team to sell game suites with cryptocurrencies