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The New England Patriots have a new blockchain partner with Chain.

New England Patriots Secure Official Blockchain Partner, Chain

Taylor Scott by Taylor Scott
1 year ago
in Altcoins, NFT
0

The New England Patriots are in their post-Brady era, and as the NFL season gets into full swing, so too does the Patriots’ partnerships team. The club has locked in a new deal with NFT software firm Chain this week. Let’s look at the details of the deal, and what we can expect to see as the partnership comes to life in the months ahead.

The Patriots & Chain: What The Deal Looks Like

The press release hit the public earlier on Thursday, and outlined a new partnership between not just the Patriots, but controlling holding company Kraft Sports + Entertainment. That means that the sponsorship deal with Chain will encompass the Patriots along with other Kraft properties, including the MLS club New England Revolution as well as Gillette Stadium and nearby shopping center Patriot Place.

Kraft’s VP of sales, Murray Kohl, echoed a sentiment seen throughout the press release: the company was present at the emergence of ‘web2’ and desires being just a present for the early stages of whatever ‘web3’ brings us. Kohl cited their web2 wins, from being the “first pro sports team with a website” and beyond. The release went on to proclaim that “with Chain, we’ll look to innovate that same way with their cutting-edge blockchain technology.” Chain is focused on blockchain infrastructure and generally offers blockchain-related services under a SaaS model.

Some outlets have reported a rumor that the team has also purchased ENS domain patriots.eth for 75 ETH as part of the deal. However, we were unable to confirm the veracity around that claim.

Related Reading: Zilliqa Unveils Web3 Gaming Console, Ready To Compete With Playstation And Xbox?

The Patriots’ Positioning

The news shouldn’t surprise attentive fans; back in March, Kraft Group President Jonathan Kraft expressed a bullish perspective at the annual MIT Sloan Analytics Conference – one of, if not the most reputable sports data conventions on the planet. In November, Kraft secured a similar umbrella deal with fan engagement token platform, Socios. November of last year was well before today’s emerging and established NFT deals, such as their partnership with Dapper Labs, which delivers NFT collectables through the ‘NFL All Day’ platform. In fact, it was one of the earlier team-focused NFL deals at the time.
The club is clearly showing a desired interest to play in blockchain technology – we’ll see how it plays out with Chain.
Chain's newly launched token, XCN. | Source: XCN-USD on TradingView.com
Related Reading: Report Shows NFTs Lead Central And South Asia’s Crypto Adoption
Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.
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Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

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