FTX, a cryptocurrency derivatives exchange partnered with Dreamfield Sports, allowing athletes to receive payments in crypto
Partnership
FTX, a bitcoin derivatives exchange, has teamed with Dreamfield Sports to enable players to accept cryptocurrency payments. Dreamfield enables students to make money via the sale of their Name, Image, and Likeness (‘NIL’). The FTX index saw little increase in 2021. Crypto exchange US’s inaugural investment round valued the firm at $8 billion. Due to Dreamfield’s new collaboration, athletes will be able to collect cryptocurrency payments and use the FTX card. Through the Dreamfield platform, major Division 1 college players and athletes from around the United States may participate.
The athlete’s exchange trading account in the United States is connected to the FTX card (Swipe Visa Debit Card). Any payments made using the card will be deducted from the exchange US account. Athletes may use their cards in this manner to pay for things and services. Dreamfield intends to provide consulting services and product endorsements for its goods. FTX Pay and FTX Card are both supported on the Dreamfield platform.
Quotes
Dreamfield CEO, Luis Pardilo said the following on the partnership with FTX, “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 exchange account. This is significant because through our comprehensive partnership with exchange project 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.”
Lionel Williamson, FTX Business Development Manager said, “In partnership with Dreamfield, FTX Pay will be ushering in a new wave of cryptocurrency investors by teaching collegiate athletes about the financial benefits of cryptocurrency investing. Giving athletes different options and financial education in a safe and secure, non-predatory environment through the Dreamfield and project platforms is extremely important to everyone involved in the FTX Champions Program.”
“One of the things I’m excited about with this partnership are all of the fans and alumni that are 18 and older that are going to be introduced to NFTs for the first time. With the new Dreamfield experiences through University Specific Organizations like Mission Control UCF, fans of athletes will be able to interact with each other, be introduced to new community engagements where fans and athletes can co-exist and each member of these groups will be airdropped an exclusive NFT that’s associated with that fan base. All NFTs will be minted on the Solana blockchain and available on the FTX Marketplace” states Jake Hoving, Business Development Manager at Dreamfield.
