Houston Texans Become First NFL Team to Sell Cryptocurrency Gaming Suite

Houston Texans Become First NFL Team to Sell Cryptocurrency Gaming Suite

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 comes as part of a deal with Texas-based crypto firm BitWallet, which as of August 16 became the official crypto wallet provider for the team. BitWallet will also provide brokerage services by exchanging cryptocurrencies for cash for the Houston Texans.

According to an announcement by the Houston Texans, local digital marketing agency EWR Digital made the first purchase of a game suite using crypto shortly after the offering launched, making it the first time a game suite has been sold. in exchange for digital assets in history. of sport

It appears that the crypto deal is suite-only, as there has been no mention of the ability to purchase regular game-day tickets with digital assets at this stage.

A gaming suite refers to a private, luxury 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 single-game or full-season suites, instead asking people to first submit an inquiry to secure one. From the Seat estimates that a single set of games for the team costs between $14,000 and $25,000, however, a BitWallet representative told Cointelegraph that the figure may be as high as $40,000.

BitWallet claims to have support in over 160 countries and currently allows users to trade or store Bitcoin (BTC), and has plans to implement support for Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu (SHIB). , Tether (USDT), and Bitcoin Cash (BCH) over the next few months.

NFL, crypto and blockchain

The Dallas Cowboys became the first NFL team to sign a crypto endorsement deal in April, after Blockchain.com signed on to be their official digital asset partner over a multi-year period.

The NFL and the NFL Players Association (NFLPA) also partnered with Flow blockchain creators Dapper Labs in late 2021 to launch the licensed NFL All Day NFT collectible project. The deal also saw the NFL and NFLPA acquire an equity stake in Dapper, with the duo likely getting a fair share of the $36.8 million in sales NFL All Day has generated since February.

The league also has plenty of crypto-friendly players 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, the former wide receiver of the LA Rams, Odell Beckham Jr. and the quarterback of the Carolina Panthers, Trevor Lawrence, who was the first selection of the draft in 2021.

Related: NFT utility to remedy ticketing dilemmas? The experts say

Iconic quarterback Tom Brady also dabbled in the space by launching his own Autograph on the NFT market in April 2021, also giving a fan 1 BTC (worth $62,000 at the time) to get his money back. historic 600th touchdown pass in October.