Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
NFL or the National Football League teams were reportedly prohibited by the leagues’ officials from creating and selling non-fungible tokens or NFT collections as well as signing crypto sponsorship deals with digital asset trading companies.
According to The Athletic, the NFL imposed the policy as it has its plans to enter the digital market. The league is said to be eyeing the NFT and crypto market with its own arts and sports digital cards.
While the restriction is said to be temporary, it was not mentioned until when it will take effect. Moreover, the teams are also barred from getting into sponsorship agreements with cryptocurrency exchanges such as the FTX.
Other leading sports associations have already created digital assets like the National Basketball Association (NBA) but the NFL is really being cautious and said to be going slowly before deciding to ease its restrictions. In fact, the basketball league’s Miami Heat signed a deal with FTX, a crypto exchange, worth $135 million for naming rights to its home arena in Florida. Chicago Bulls also created its own NFT collection and partnered with Shopify for its sale.
For cryptocurrency, the NFL will temporarily allow teams to connect with firms that are one step removed from the trading. As long as the sponsorship deal is focused on the company’s corporate brands, it will be allowed for now.
“Clubs are prohibited from selling, or otherwise allowing within club controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any other media category as it relates to blockchain, digital asset or as blockchain company, except as outlined in this policy,” an anonymous team official was quoted as saying regarding the new NFL rule related to crypto and NFTs.
In any case, Crypto Daily further reported that while many sports teams and leagues worldwide are starting to collaborate with cryptocurrency firms to have their own NFTs and secure exclusive sponsorship deals, it seems that NFL is the least likely to immediately grab related opportunities as it is careful when it comes to jumping into the world of crypto.
