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Trading Expected top NFL draft pick Trevor Lawrence reportedly signed an endorsement deal...

Expected top NFL draft pick Trevor Lawrence reportedly signed an endorsement deal with crypto-investment app Blockfolio – and took his first payment in crypto tokens | Currency News | Financial and Business News

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Trevor Lawrence, the expected top pick in the upcoming 2021 NFL Draft, has signed a multiyear deal with investment app Blockfolio and was paid exclusively in cryptocurrency, DealBook first reported Monday.

The first payment to football star was immediately transferred to his Blockfolio account. Future payments, however, are subject to whatever combination of dollars and cryptocurrency the former Clemson quarterback desires, according to DealBook.

Other terms of the agreement were not disclosed but a company spokesman revealed that the crypto signing bonus was already worth more on Sunday compared to when it was deposited on Friday.

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The football player also made the announcement on Twitter, saying he is “pumped” to join the startup.

“We’re really trying to get our name out a lot,” Sam Bankman-Fried, CEO of FTX, a crypto exchange that acquired Blockfolio, told Dealbook. “Trevor was excited about crypto. That’s what drew us to him.”



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