Just In: Tom Brady Inks Equity Stake Deal With Crypto Exchange FTX

By Prashant Jha
Published June 29, 2021 Updated June 29, 2021
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Just In: Tom Brady Inks Equity Stake Deal With Crypto Exchange FTX

By Prashant Jha
Published June 29, 2021 Updated June 29, 2021

NFL superstar Tom Brady has signed a new long-term partnership with cryptocurrency exchange FTX along with Brazillian supermodel Gisele Bündchen. Both the stars would receive an equity stake in the FTX Trading firm and also receive payments in crypto. Brady would take up the role of crypto exchange’s global ambassador while Bündchen would act as the Environmental & Social Initiatives Advisor.

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Brady in his official statement said,

“It’s an incredibly exciting time in the crypto-world and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities,”

The seven-time Superbowl champion is a big-time entrepreneur as well and continues to look for new business opportunities. He is not new to the crypto space either and has been seen endorsing Bitcoin in the past, especially at a time when a slew of NFL stars announced they would accept their salary in Bitcoin.

Sam Bankman-Fried, CEO of FTX, commented on the new partnership and said,

“After talking with Tom and Gisele on our shared interest in crypto, charity, and doing your best, I was excited for them to be a part of what we’re building at FTX.  I’m excited to announce our long-term partnership and believe their support will be huge in helping us achieve our goals.”

Brady to Work Closely With FTX on Charitable Front

Apart from taking up the ambassador’s role, the NFL legend would also work closely with the crypto exchange. As part of the partnership, FTX has committed to an annual multi-million dollar charity for as long the partnership continues.

Bündchen being an environmental advisor would work towards making FTC a carbon-neutral platform and also help in deciding the charity to which the multi-million donation would be made. FTX has been on a partnership spree and over the last quarter, it has forged numerous deals with several mainstream sports teams and events.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Prashant Jha
1008 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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