NBA champion Andre Iguodala to Accept Salary Payment in Bitcoin

American basketball player Andre Iguodala, who plays for the NBA’s Golden State Warriors, tweeted Monday that he will accept bitcoin as a salary.

Andre Iguodala, a three-time NBA champion with an annual salary of $2.647 million, has become the latest celebrity to accept cryptocurrency as a salary.

Iguodala said on his Twitter that Warriors player Klay Thompson and I are both staunch bitcoin supporters. And will withdraw a portion of Bitcoin (BTC) from annual salary withdrawals through Block’s (formerly Square) Cash app.

Iguodala added that he will also give away $1 million worth of BTC to fans to increase cryptocurrency adoption.

Paying salaries in the form of cryptocurrencies seems to have become a trending option, some government officials also choose to use cryptocurrencies as partial or full salary payments.

As reported by Blockchain.News on November 3, Francis Suarez, an American attorney and politician serving as the 43rd Mayor of Miami, announced on Twitter on Tuesday that his next salary will be received in Bitcoin (BTC).

National Football League’s star Odell Beckham Jr has become the latest high-profile athlete to accept his salary in Bitcoin from his team Los Angeles Rams.

Aaron Rodgers, the American football quarterback of the Green Bay Packers of the National Football League (NFL), said on Twitter that he is firmly optimistic about the future of bitcoin and will accept bitcoin as part of his salary.

Image source: Shutterstock


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Crypto Exchange FTX Inks International Rights Deal With NBA’s Golden State Warriors

One of the world’s leading crypto marketplaces continues its push to take the industry mainstream by teaming up with one of professional basketball’s top franchises.

In a new announcement, the San Francisco-based Golden State Warriors say they have joined forces with FTX US as the team’s official cryptocurrency platform and distributor of non-fungible tokens (NFTs).

This is also the first time the Warriors have signed on with an international rights partner. Team president and chief operating officer Brandon Schneider says of the deal,

“Cryptocurrency has a well-established worldwide community and is going to continue to be a major part of the sports, media and entertainment industries.

In our conversations with FTX, we quickly realized our joint desire to innovate around cryptocurrency integration and adoption, including the role NFTs play in global fan engagement.”

Earlier this year, the six-time NBA champions became the first team in sports to release an NFT collection.

FTX US president Brett Harrison says it’s important for fans to be able to purchase collectibles on a trusted platform.

“The FTX US NFT platform will provide a leading, safe and secure venue for the Warriors international fan base to access exclusive collectibles from the franchise.”

The agreement follows on the heels of FTX launching an Ethereum-based NFT marketplace at the start of December.

Back in October, it was revealed that FTX had purchased commercial airtime during the upcoming NFL Super Bowl being played on February 13th, 2022.

CEO Sam Bankman-Fried spoke about FTX’s desire to bring crypto to the masses, saying,

“Our message throughout this year has been that crypto is safe, accessible and ready for the mainstream.

There is no bigger, more mainstream event to share a message like that than the Super Bowl.”

At time of writing the FTX Token (FTT) is up 2% to $39.41.

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FTX Secures Global Sponsorship Deal With Golden State Warriors, Estimated $10M Worth

FTX Derivatives Exchange has inked a global sponsorship deal with professional NBA basketball team Golden State Warriors, a move that will provide FTX brand presence throughout the team’s stadium called the ‘Chase Center’.

CNBC reported, citing people familiar with the transaction, that the deal is a multi-year pact estimated to be worth about $10 million.

Besides the brand presence at the Chase Center, FTX will also be prominently featured at the Warriors G League and NBA 2K team and digital floor ads during RSN games. 

“FTX is a company that caught our eyes a couple of months ago,” Warrior president and chief operating officer Brandon Schneider said in an interview with CNBC. “We think we’re at the beginning of the beginning. We’re all learning, and this space will evolve quite a bit,” Schneider added.

FTX is notably amongst the top digital currency trading platforms that are taking advantage of the allowance to ink sponsorship deals with NBA clubs. Beyond the NBA, the Sam Bankman-Fried led global entity recently entered into a $17.5 million 10-year naming right of the California Memorial Stadium with the University of California, Berkeley (UCB).

Digital currency service providers are bent on pushing their brand awareness to the mainstream. Firms like and Coinbase also have a strong presence in the advertisement terrain in the United States. Based on the industry’s infancy in general, many critics are advocating caution as these trading platforms push their offerings to members of the public.

The position maintained by some is that cryptocurrencies, as it is today, is similar to the push in the Dot Com era where startups in the space folded upright after going on the offensive in branding the way crypto firms are doing today.

“I see similarities of the behaviour on the front end of a bubble,” said Peter Laatz, global managing director at sponsorship valuation firm IEG. “The behaviours of the rush-to-spend and the influx of cash coming in with naming rights at a league-wide level with still some consumer confusion about what the product is – it’s very similar to the dot-com bubble.”

Either way, the growth trajectory of the crypto ecosystem appears sustainable, and for now, crypto ads and branding have come to stay.

Image source: Shuttstock


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