blockfolio, FTX Exchange, nfl draft pick, no 1 nfl draft pick, Trevor Lawrence, Trevor Lawrence bitcoin, Trevor Lawrence crypto, Trevor Lawrence cryptocurrency

No. 1 NFL Draft Pick Trevor Lawrence has reportedly converted his entire signing bonus to cryptocurrencies via crypto firm Blockfolio. Lawrence is the top overall pick in the 2021 National Football League. His signing bonus is estimated to be around $24 million.

NFL Draft Pick Trevor Lawrence Converts Signing Bonus to Cryptocurrencies

Clemson quarterback Trevor Lawrence was selected No. 1 overall in the 2021 NFL Draft by the Jacksonville Jaguars on Thursday night.

The 6-foot-6, 220-pounder has partnered with crypto management and trading platform Blockfolio where has reportedly converted his sign-on bonus to cryptocurrencies. Lawrence tweeted last week: “Pumped to announce I’ve joined Blockfolio. Excited to help bring these two worlds together.†He also said:

blockfolio, FTX Exchange, nfl draft pick, no 1 nfl draft pick, Trevor Lawrence, Trevor Lawrence bitcoin, Trevor Lawrence crypto, Trevor Lawrence cryptocurrency

According to Dealbook, “The quarterback’s first payment was made exclusively in crypto tokens transferred directly into his Blockfolio account.†While the company did not disclose the terms of the agreement, a spokesman noted that Lawrence’s signing bonus “was already worth more on Sunday than when it was deposited on Friday night.†The publication added that “Future payments will be made in whatever combination of dollars and crypto Lawrence chooses.â€

The payment deposited Friday was reportedly converted into three cryptocurrencies: bitcoin (BTC), ethereum (ETH), and solana (SOL).

While the amount of Lawrence’s sign-on bonus was not disclosed, Spotrac estimates it to be $24.1 million.

blockfolio, FTX Exchange, nfl draft pick, no 1 nfl draft pick, Trevor Lawrence, Trevor Lawrence bitcoin, Trevor Lawrence crypto, Trevor Lawrence cryptocurrency

In addition, Sam Bankman-Fried, CEO of cryptocurrency exchange FTX which acquired Blockfolio last year, tweeted Thursday: “Congrats on being the #1 pick Trevor Lawrence. We’ve got a surprise for you — check your Blockfolio account for $25k of SOL. Tonight is on crypto, thanks to you.â€

A growing number of professional athletes have chosen to get paid in bitcoin. Following Russell Okung who converted half of his $13-million salary to BTC, NFL player for Kansas City Chiefs Sean Culkin converted 100% of his salary to bitcoin. Earlier this month, the NBA Team Sacramento Kings said it will offer players the option of getting paid in the cryptocurrency.

What do you think about Trevor Lawrence converting his singing bonus to cryptocurrencies? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

FTX Lands Naming Deal With Esports Giant TSM for $210 Million

On Friday, FTX Exchange announced signing a naming rights deal with U.S. professional esports organization TSM for $210 million. The cryptocurrency exchange’s multi-year partnership arrangement will allow the crypto firm to rename the company to “TSM FTX.†Esports Firm TSM Will Change the Organizations’ Name to ‘TSM FTX’ FTX Exchange has acquired another naming deal […]

Xem chi tiết: FTX Lands Naming Deal With Esports Giant TSM for $210 Million

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshisâ€. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?†Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin […]

Xem chi tiết: Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match

South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15. Pledged Prize Goes to Charity According to organizers of the fight, […]

Xem chi tiết: Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match

No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

No. 1 NFL Draft Pick Trevor Lawrence has reportedly converted his entire signing bonus to cryptocurrencies via crypto firm Blockfolio. Lawrence is the top overall pick in the 2021 National Football League. His signing bonus is estimated to be around $24 million. NFL Draft Pick Trevor Lawrence Converts Signing Bonus to Cryptocurrencies Clemson quarterback Trevor […]

Xem chi tiết: No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

Crypto Exchange FTX on the Verge of Winning Naming Rights for the Miami Heat’s Arena

Samuel Bankman-Fried’s FTX crypto exchange is reportedly one vote away from winning a naming-rights deal for the arena of the NBA’s Miami Heat. The deal, which is believed to be worth $135 million, is set to be approved on March 26 by the Miami-Dade County Commission. Miami-Dade to Get $5 Million a Year According to […]

Xem chi tiết: Crypto Exchange FTX on the Verge of Winning Naming Rights for the Miami Heat’s Arena

Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, […]

Xem chi tiết: Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

Privacy-Centric Messaging App Signal Experiments With Stellar-Based Mobilecoin Project

One of the most popular privacy-centric messaging applications Signal has seen explosive growth during the last two months over things like the Whatsapp acquisition and the recent Big Tech censorship. According to a number of reports, the company has been experimenting with monetization and more recently Signal has been reportedly testing the crypto network Stellar. […]

Xem chi tiết: Privacy-Centric Messaging App Signal Experiments With Stellar-Based Mobilecoin Project

FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing

After the San Francisco-based exchange Coinbase announced it was registering with the U.S. Securities and Exchange Commission (SEC) in order to have an initial public offering (IPO), FTX Exchange CEO Sam Bankman-Fried said the company would launch pre-IPO futures. On December 21, Bankman-Fried announced the launch was now live and Coinbase pre-IPO futures contracts are […]

Xem chi tiết: FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing

Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures

Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Other Articles