No. 1 NFL Draft Choose Trevor Lawrence has reportedly transformed his complete signing bonus to cryptocurrencies by way of crypto agency Blockfolio. Lawrence is the highest general decide within the 2021 Nationwide Soccer League. His signing bonus is estimated to be round $24 million.

NFL Draft Choose Trevor Lawrence Converts Signing Bonus to Cryptocurrencies

Clemson quarterback Trevor Lawrence was chosen No. 1 general within the 2021 NFL Draft by the Jacksonville Jaguars on Thursday night time.

The 6-foot-6, 220-pounder has partnered with crypto administration and buying and selling platform Blockfolio the place has reportedly transformed his sign-on bonus to cryptocurrencies. Lawrence tweeted final week: “Pumped to announce I’ve joined Blockfolio. Excited to assist deliver these two worlds collectively.” He additionally mentioned:

In the case of my crypto portfolio, I needed a long-term companion within the house that I might belief.

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

In keeping with Dealbook, “The quarterback’s first fee was made completely in crypto tokens transferred immediately into his Blockfolio account.” Whereas the corporate didn’t disclose the phrases of the settlement, a spokesman famous that Lawrence’s signing bonus “was already value extra on Sunday than when it was deposited on Friday night time.” The publication added that “Future funds might be made in no matter mixture of {dollars} and crypto Lawrence chooses.”

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

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

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

As well as, Sam Bankman-Fried, CEO of cryptocurrency change FTX which acquired Blockfolio final yr, tweeted Thursday: “Congrats on being the #1 decide Trevor Lawrence. We’ve bought a shock for you — test your Blockfolio account for $25k of SOL. Tonight is on crypto, because of you.”

A rising variety of skilled athletes have chosen to receives a commission in bitcoin. Following Russell Okung who transformed half of his $13-million wage to BTC, NFL participant for Kansas Metropolis Chiefs Sean Culkin transformed 100% of his wage to bitcoin. Earlier this month, the NBA Group Sacramento Kings mentioned it would supply gamers the choice of getting paid within the cryptocurrency.

What do you concentrate on Trevor Lawrence changing his singing bonus to cryptocurrencies? Tell us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Trevor Lawrence, Twitter

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